Payment Scheme

Normal Payment Scheme (NPS)

The payment scheme for the District 16 Mixed-use Development is also commonly known as Progressive Payment Scheme. This scheme will let you service your mortgage loan via monthly instalments progressively, stage by stage, as the property (Sky Eden@Bedok Condo) is being constructed.

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)25%
On Completion Date15%

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