Progressive Payment Scheme

StagePercentage of Purchase Price
Upon signing Agreement / within 8 weeks immediately after date of Option20% (includes 5% booking fee paid in cash earlier)
The following progress payments are due after the seller has given one copy of the Agreement to the purchase of his lawyer, and within 14 days of the purchaser receiving notice of completion of the following works:
Foundation work10%
Reinforced concrete framework10%
Partition walls5%
Door sub-frames / door frames, window frames, electrical wiring (without fittings), internal plastering and plumbing5%
Car park, roads and drains serving the housing project5%
Building, roads and drainage and sewerage works in the housing estate, connection of water, electricity and gas supplies (TOP, Key Collection)25%
Final Payment Date and/or Completion (might be staggered further depending on when the Certificate of Statutory Completion is issued)15%