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Lake Life EC Payment Scheme

Lake Life EC Housing Loan Information

≤ 30 Years loan tenure >30 years loan tenure or extends past age 65
Maximum Loan Limit 80% 60%
Minimum Cash Downpayment 5% 10%

Buyer’s Stamp Duty

Nationality Buyer’s Stamp Duty Additional Buyer Stamp Duty(ABSD)
Singapore Citizen 3% – $5400 of Purchase Price Not Applicable for EC
Permanent Residents

EC PAYMENT SCHEME – CHOOSE EITHER ‘NPS’ OR ‘DPS’

Normal Payment Scheme (NPS)

Stage Payment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase 5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date 15%
Completion of foundation work 10%
Completion of reinforced concrete framework of unit 10%
Completion of partition walls of unit 5%
Completion of roofing/ceiling of unit 5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5%
Completion of car park, roads and drains serving the housing project 5%
Notice of Vacant Possession (TOP) 25%
On Lake Life EC Completion date 15%

Deferred Payment Scheme (DPS)

Stage Payment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase 5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date 15%
Notice of Vacant Possession (TOP) 65%
On Lake Life EC Completion date 15%

Why Should buyers consider EC

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