Payment Schemes

Here at OUE Twin Peaks we have 4 Payments Schemes available for you to choose from. You may select the payment scheme that best suits your need. Our most popular scheme currently is the Deferred Payment Scheme.

 

Tower 1 Payment Schemes

 

Scheme A – Normal Payment Scheme (NPS)

scheme-a
(1) Option To Purchase (OTP) will be issued upon receipt of 1% of Purchase Price.
(2) OTP is to be exercised upon receipt of 4% of Purchase Price within 14 days from date of OTP issued.
(3) All Stamp Duties to be paid.
(4) 95% of Purchase Price to be paid within 8 weeks from OTP issue date (1) via Cash / CPF / Loan.

 

Scheme B – Deferred Payment Scheme (DPS)

scheme-b
(1) Option To Purchase (OTP) will be issued upon receipt of 10% of Purchase Price.
(2) OTP is exercised upon receipt of another 10% of Purchase Price within 14 days from date of OTP issued (1).
(3) All Stamp Duties to be paid.
(4) Further sum of $1000 is to be paid for Vacant Possession of the unit
(5) Purchaser upon proof of Stamp Duties paid will be given keys to the unit.
(6) 80% of Purchase Price less $1,000 which were paid in (4) is to be paid on 24 months from the date of OTP exercised.
(7) Title Deed of the said property will not be transferred to purchaser until full payment is received.
(8) Purchaser will be responsible for the monthly maintenance upon possession of the unit.
(9) Should purchaser not complete the sale within 24, the 20% + $1,000 payment will be forfeited.

 

Scheme C – Reservation Scheme

scheme-c
(1) 20% of the Purchase Price is to be placed with Cove Development as a non-refundable deposit to reserve the unit identified.
(2) By 30 Dec 2016, with this same 20% as the first payment, the OTP will be issued.
(3) Option is exercised upon receipt of $1,000 by 4pm on 30 Dec 2016.
(4) All Stamp Duties to be paid by 13 Jan 2017.
(5) Remaining of 80% of Purchase Price less $1k to be paid by 28 Feb 2017.
(6) Purchaser can choose to exercise the option anytime prior to 30 Dec 2016.
(7) Should Purchaser decides not to exercise the OTP by 30 Dec 2016, the 20% Option Fee will be forfeited.
(8) This Scheme 2 will be served as an OTP.

 

Scheme D – DPS with Extended Option

scheme-d
(1) Option To Purchase (OTP) will be issued upon receipt of 20% of Purchase Price.
(2) OTP is exercised upon receipt of $1,000 within 14 days from date of OTP issued (1).
(3) All Stamp Duties to be paid.
(4) Further sum of $1000 is to be paid for Vacant Possession of the unit
(5) Purchaser upon proof of Stamp Duties paid will be given keys to the unit.
(6) 80% of Purchase Price less $2,000 which were paid in (2) & (4) is to be paid on 24 months from the date of OTP issued.
(7) Title Deed of the said property will not be transferred to purchaser until full payment is received.
(8) Purchaser will be responsible for the monthly maintenance upon possession of the unit.
(9) Should purchaser not complete the sale within 24 months, the 20% + $2,000 payment will be forfeited.

 

 

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