As an aspiring home owner at Parc Botannia, it is important to understand how your monthly housing loans are being serviced while you enjoy your time to the fullest at Parc Botannia.
Parc Botannia follows the Progressive Payment Scheme, which allows you to service your loan via monthly installments progressively by different stages as the property is being built, allowing for gradual adjustments of the monthly loan installments throughout your loan period.
The table below summarises the Progressive Payment Scheme adopted at Parc Botannia.
|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)||5%|
|On Completion date||5%|
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