More completed condominiums are offering Deferred Payment Scheme to home buyers. Which are the developments offering them? Read on to find out.
The deferred payment scheme, it allows more flexibility to the buyer and also allows the developer to attract more investors and homeowners to buy a unit now and pay later. The purchasers will need to pay a 20% downpayment to book a unit and depending on the scheme the developer is offering, some buyers only need to pay the remaining in 3 years.
HERE IS A LIST OF DEFERRED PAYMENT CONDOMINIUMS 2017
Pollen & Bleu (Deferred Payment Condominiums 2017)
Scheme: 2 years deferred payment scheme (DPS)
District 10 at Farrer Drive
Units available: 1 Bedroom, 1 + study, 2 Bedroom, 3 Bedroom and 4 Bedroom
Price for 1 Bedroom from S$9xxK after ABSD Subsidy (Normal Payment Scheme)
Mon Jervois (Deferred Payment Condominiums 2017)
Scheme: 2 years deferred payment scheme
District 10 at Jervois Road
Units available: 1 Bedroom, 2 Bedroom, 2 + family loft, 3 Bedroom and 4 Bedroom
Price for 1 Bedroom from S$1.2x Million
The Meyerise (Deferred Payment Condominiums 2017)
Downpayment 10% and to exercise within weeks and pay another 10%. For the collection of keys, the purchasers will have to show the stamp duty paid receipt.
Scheme: 20% Geniune Discount for deferred payment scheme (DPS)
23% Geniune Discount for normal payment scheme (NPS)
District 15 at Meyer Road
Units available: 2 Bedroom, 3 Bedroom and 4 Bedroom
Price for 2 Bedroom from S$1.7x Million
OUE Twin Peaks (Deferred Payment Condominiums 2017)
Up to 3 years Deferred Payment Scheme (DPS) where 10% booking fee will be paid first and balance 10% upon exercising of the Option to purchase. Another sum of S$1,000 to be paid for the Notice of Vacant Possession of the unit. For the collection of keys, the purchasers will have to show the stamp duty paid receipt. Balance 80% of the purchase price minus the S$1,000 (Notice of Vacant Possession) will have to be settled 36 months from the date of the exercising of the option.
District 9 at Leonie Hill Road
Units available: 1 Bedroom, 2 Bedroom and 3 Bedroom
Price for 1 Bedroom from S$1.6x Million
Gramercy Park (Deferred Payment Condominiums 2017)
Deferred Payment scheme: 1% booking fee and 19% payment when you exercise the option to purchase in 2 weeks. 80% to be paid in 24 months from the Option to purchase date.
Units available: 3 Bedroom and 4 Bedroom units
Price from S$4.9x Million (Normal Payment Scheme)
Ardmore Three (Deferred Payment Condominiums 2017)
There will be a Additional Buyer’s stamp duty assistance package for purchasers.
Units available: 3 Bedroom
Price from S$5.x Million (Normal Payment Scheme)
Leedon Residence (Deferred Payment Condominiums 2017)
Normal and Deferred Payment scheme available
Units available: 2 Bedroom, 3 Bedroom, 4 Bedroom and 5 Bedroom
Price for 2 Bedroom from S$2.x Million
The Fulcrum Condo at Fort Road (Deferred Payment Condominiums 2017)
Normal and Deferred Payment scheme available
Units available: 1 Bedroom, 1 Bedroom Loft, 2 Bedroom, 2 Bedroom Loft and 3 Bedroom
Price for 1 Bedroom from S$9xx K
