Payment Schedule
Payment is scheduled to be made periodically following the different stages of the construction work progress; hoping that it will also be convenient for our customers to settle at relative ease. Accordingly, the payment schedule has five installments including of course, the ones that are to be made at the signing of the contract and handing over of the house.
15% advance payment of the total selling amounts (excluding VAT) upon signing of contract agreement and the advance payment shall be deducted from the proceeds to the Seller in five payments, depicted here under…
1st Payment : 25% of the price of the house - upon completion of sub-structure concrete works;
2nd Payment : 25% of the Price of the house - upon completion of super-structure concrete works;
3rd Payment : 25% of the price of the house - upon completion of roofing, wall construction, first & second coat plastering;
4th Payment: 15% of the Price of the house - upon completion of first & second coat painting;
5th Payment: 10% of the Price - upon hand-over For those who can pay 50% of the total price, we can arrange long term credit facility for the remaining amount with local banks.
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