Payment Scheme

Normal Payment Scheme (NPS)

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.

StagePayment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date20% less Booking Fee
Completion of foundation work10%
Completion of reinforced concrete framework of unit10%
Completion of partition walls of unit5%
Completion of roofing/ceiling of unit5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit5%
Completion of car park, roads and drains serving the housing project5%
Notice of Vacant Possession (TOP)5%
On Completion date5%

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