Payment Procedure

Downpayment

The initial down payment, as stated in your Letter of Offer, must be made upon signing the Sale and Purchase Agreement (SPA). This payment confirms your purchase and forms part of the total property price.

Progress Billing

Invoices will be issued periodically as each stage of construction is completed and certified by the project architect, in accordance with the Third Schedule of the SPA or the Government Schedule.

Payment period

All payments must be made within 30 working days from the date you receive the invoice.

Invoice to End-financier/Treasury

Invoices are sent directly to your bank, finance company, or treasury, with a copy forwarded to you. This enables you to follow up promptly for the release of payment.

Mode of Payment

Payments can be made through any of the following methods:

  • Online banking (IBG / instant transfer) to the developer’s designated account
  • Crossed cheque
  • Bank draft
  • Money order

Please keep a copy of your payment slip or transaction record for verification.
Always include your name, unit number, and project name as the payment reference.

We recommend avoiding cash payments, except for small miscellaneous charges during the handing over of vacant possession.