[vc_row][vc_column][rev_slider_vc alias=”mainslider”][/vc_column][/vc_row][vc_row][vc_column][ultimate_spacer height=”30″ height_on_mob_landscape=”30″ height_on_mob=”30″][ultimate_heading main_heading=”Payment Scheme” alignment=”left”][/ultimate_heading][vc_separator css=”.vc_custom_1526361453719{padding-top: 20px !important;}”][ultimate_heading main_heading=”Normal Payment Scheme (NPS)” main_heading_margin=”margin-bottom:20px;”][/ultimate_heading][vc_column_text]Also known as Progressive Payment Scheme, allows you to service your loan via monthly installments progressively stage by stage as the property is being built. The Progressive Payment Scheme deals with uncomplete houses/apartments that are in the process of being built. Being regarded as a Normal Payment Scheme, this scheme is a standard payment schedule for a new residential project under construction.  In other words, new home buyers make payments by installments, stage by stage, with each payment being made when a specific milestone of the building is reached. So you would pay the developers based on the progress of construction.

The Overall payment timeline can be divided into several stages including the down payment, foundation, reinforced concrete framework, and many more. One upside to the progressive payment scheme is the lower initial monthly repayments, you don’t start to pay the full costs until you can move in and enjoy the new home. You can use our Progressive Payment Calculator to have a better experience of the payment schedule. You can refer to the following table and video to get some better ideas.[/vc_column_text][vc_table vc_table_theme=”classic” allow_html=”1″ el_class=”projectDetails”][bg#21839e;c#ffffff]Stage,[bg#21839e;c#ffffff]Payment%20Under%20a%20Standard%20Payment%20Scheme%20(%25%20of%20Purchase%20Price)|Upon%20the%20grant%20of%20Option%20to%20Purchase,5%25%20(Booking%20Fee)|[bg#e8eef4]Upon%20signing%20of%20the%20Sale%20%26%20Purchase%20Agreement%20or%20within%208%20weeks%20from%20the%20Option%20date,[bg#e8eef4]20%25%20less%20Booking%20Fee|Completion%20of%20foundation%20work,10%25|[bg#e8eef4]Completion%20of%20reinforced%20concrete%20framework%20of%20unit,[bg#e8eef4]10%25|Completion%20of%20partition%20walls%20of%20unit,5%25|[bg#e8eef4]Completion%20of%20roofing%2Fceiling%20of%20unit,[bg#e8eef4]5%25|Completion%20of%20door%20sub-frames%2F%20door%20frames%2C%20window%20frames%2C%20electrical%20wiring%2C%20internal%20plastering%20and%20plumbing%20of%20unit,5%25|[bg#e8eef4]Completion%20of%20car%20park%2C%20roads%20and%20drains%20serving%20the%20housing%20project,[bg#e8eef4]5%25|Notice%20of%20Vacant%20Possession%20(TOP),25%25|[bg#e8eef4]On%20Completion%20date,[bg#e8eef4]15%25[/vc_table][/vc_column][/vc_row][vc_row][vc_column][vc_column_text el_class=”location” css=”.vc_custom_1599461029400{background-color: #21839e !important;}”]

Continue To Read About: Housing Loan Information »

[/vc_column_text][/vc_column][/vc_row][vc_row bg_type=”image” parallax_style=”vcpb-default” bg_image_new=”id^2264|url^https://www.theflorenceeresidences.com/wp-content/uploads/2018/06/signup-bg-1.jpg|caption^null|alt^null|title^signup-bg|description^null”][vc_column][ultimate_spacer height=”60″][vc_row_inner][vc_column_inner width=”1/3″][vc_column_text]Book An Appointment to view The Florence Residences Showflat and get the latest Direct Developer Sales Price, Developer Discounts, and Hardcopy Brochure. Guaranteed with The Best Price Possible. You are comfortably served by our well–trained Sale Team professionals. The good news is, there is NO ANY salesperson’s service fee or commission payable.

Alternatively, kindly please leave your contact details in the right for any enquiry related to The Florence Residences. Strictly no spam policy. For urgent reach-out, please call us at 6504 0290.[/vc_column_text][/vc_column_inner][vc_column_inner el_class=”contactForm” width=”2/3″][gravityform id=”2″ title=”false” description=”false” ajax=”true”][/vc_column_inner][/vc_row_inner][ultimate_spacer height=”60″][/vc_column][/vc_row]