Normal Payment Scheme (NPS)

Also known as progressive payment scheme, this scheme allows you to service your loan via monthly instalments progressively as the property is being built.
Stage Payment Under A Standard Payment Scheme (% Of Purchase Price)
Upon the grant of Option to Purchase 5%
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date 15%
Completion of foundation work 10%
Completion of reinforced concrete framework of unit 10%
Completion of partition walls of unit 5%
Completion of roofing/ceiling of unit 5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5%
Completion of car park, roads and drains serving the housing project 5%
Notice of Vacant Possession (TOP) 25%
On Completion date 15%

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