EC Eligibilty Criterias

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Normal Progressive Scheme  (NPS) allows you to service your loan via monthly instalments progressively, in stages, as the property is being built while the Deferred Payment Scheme (DPS) allows EC buyers to put down an 20 percent downpayment. The remaining 65 percent is deferred until receiving a Notice of Temporary Occupation Permit (TOP). Or in other words, until the Executive Condominium is ready to move into.

If buyers opt for the Deferred Payment Scheme, the advantage is that they do not need to handle two mortgage loans at the same time. No loan repayment is required during the construction period. It offers those with existing loan commitments some flexibility in managing their finances.

However, please note that the purchase price when opting for the Deferred Payment Scheme is expected to be 2-3% higher than the purchase price under the Normal Progressive Scheme. DPS is attractive to those with outstanding mortgage loans who want more time to repay the existing loan