payment scheme - Terra Hill Official

Normal Payment Scheme (NPS)

Normal Payment Scheme is also known as Progressive Payment Scheme, this allows you to service your loan via monthly installments 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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