Payment Number |
|
Period |
Action |
Percentage of Residence Selling Price |
1 |
|
|
Booking of Residence |
5% |
|
|
14 days |
|
|
|
|
|
Issue of Lease Agreement |
20% |
|
|
14 days |
|
|
2 |
|
|
Execution of Lease Agreement |
15% |
|
|
1 month |
|
|
3 |
|
|
1st Quarterly Progress Payment |
15% |
|
|
3 months |
|
|
4 |
|
|
2nd Quarterly Progress Payment |
15% |
|
|
3 months |
|
|
5 |
|
|
3rd Quarterly Progress Payment |
15% |
|
|
3 months |
|
|
6 |
|
|
4th Quarterly Progress Payment |
15% |
|
|
|
|
|
7 |
|
|
Completion and Handover of Residence |
15% |
|
|
|
|
|
|
|
|
Total payments |
100% |