Normal Payment Scheme (NPS)
The Normal Payment Scheme (NPS), also known as The Progressive Payment Scheme, allows you to service your loan via monthly instalments progressively by stages as the property is constructed.
| Stage | % Of Purchase Price |
|---|---|
| Upon Granting Option To Purchase | 5% (Booking Fee) |
| Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date | 20% less Booking Fee |
| Completion of foundation work | 10% |
| Completion of the reinforced concrete framework of the unit | 10% |
| Completion of partition walls of the 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% |
| Temporary Occupation Permit or Certificate of Statutory Completion | 25% |
| On completion date | 15% |
