Penrose Condo at Sims Drive District 14 by Hong Leong & CDL



Payment Scheme

Normal Payment Scheme (NPS)

Also known as Progressive Payment Scheme, this allows you to service your loan via monthly instalments progressively stage by stage as the property is being built.
StageDescriptionPayment Under A Standard Payment Scheme (% of Purchase Price)
1Upon the grant of Option to Purchase5% (Booking Fee)
2Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option Date20% less Booking Fee
3Completion of foundation work0.1
4Completion of reinforced concrete framework of unit0.1
5Completion of partition walls of unit0.05
6Completion of roofing/ceiling of unit0.05
7Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit0.05
8Completion of car park, roads and drains serving the housing project 0.05
9Notice of Vacant Possession (TOP)0.25
10On Completion Date 0.15
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