Payment Scheme
Normal Payment Scheme (NPS)
Also known as Progressive Payment Scheme, this scheme allows you to service your loan via monthly instalments progressively stage by stage as the property (Piccadilly Grand) is being built.
| Stage | Payment Under a Standard Payment Scheme (% of Purchase Price) |
|---|---|
| Upon the grant of Option to Purchase (OTP) | 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% |
- Maximus Residential SG Pte. Ltd.
- License No: C1429
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Piccadilly Grand, Proudly Developed By
Copyright 2022. All Rights Reserved.
Developer: City Developments Limited (CDL) and MCL Land Developer License No: TBA Tenure of Land: 99-years Lot No: TS18-02853T
