Normal Progressive Payment Scheme (NPS)
For Buildings Under Construction (BUC)
Deferred Payment Scheme (DPS)
For Completed Developments
The deferred payment scheme was implemented by developers to help improve sales. The DPS allows buyers to first pay a small percentage of the purchase price to own the unit and the balance of the purchase price at a later date, usually 1-2 years later depending on the development.
For e.g. The Interlace & D'Leedon
Buyers pay an upfront 10% of purchase price and the remaining 90% a year later.
For buyers looking to purchase a second property, the DPS may be just what you need as it would grant allowance towards paying the purchase price of the unit and allows more time to manage your assets.
Payment Scheme for Resale Condos