Also known as Progressive Payment Scheme, allows you to service your loan via monthly instalments progressively stage by stage as the property is being built.
Stage | Payment Under a Standard Payment Scheme (% of Purchase Price) |
---|---|
Upon the grant of 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 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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Developer: LOGAN PROPERTY
Developer License No: C1288
ROC: 201730501G
Mukim Lot:Lot 09671C, 09673W MK 22
Expected Vacant Possession: 31 March 2023
Expected Date of Legal Completion: 31 March 2026
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Propnex Realty Pte Ltd | L3008022J | Lawrence Lee | R016008G