| INSTALLMENT PAYABLE |
% |
| 1. |
Immediately upon signing of the Agreement |
10 |
| 2. |
Within thirty (30) working days after receipt by the Purchaser of the Developer's written notice of the completion of:- |
| a. |
the work below ground level of the said Building comprising the said Parcel including foundation of the said Building |
10 |
| b. |
the structural framework of the said Parcel |
15 |
| c. |
the walls of the said Parcel with door and window frames placed in position |
10 |
| d. |
the roofing, electrical wiring, plumbing (without fittings),gas piping(if any) and internal telephone trunking and cabling to the said Parcel |
10 |
| e. |
the internal and external finishes of the said Parcel including the wall finishes |
10 |
| f. |
the sewerage works serving the said Building |
5 |
| g. |
the drains serving the said Building |
2.5 |
| h. |
the roads serving the said Building |
2.5 |
| 3. |
On the date the Purchaser takes vacant possession of the said Parcel with water and electricity supply ready for connection |
17.5 |
| 4. |
On the date the Purchaser takes vacant possession of the said Parcel as in item 3 where the Developer has executed and delivered to the Purchaser or the Purchaser’s solicitor the instrument of transfer in favour of the Purchaser together with the original issue document of strata title to the said Parcel |
2.5 |
| 5. |
On the date the Purchaser takes vacant possession of the said Parcel as in item 3 and to be held by the Developer's solicitor as stakeholder for payment to the Vendor as follows: |
| a. |
two point five per centum ( 2.5%) at the expiry of eight (8) months after the date the Purchaser takes vacant possession of the said Parcel; and |
5 |
| b. |
two point five per centum (2.5%) at the expiry of twenty-four (24) months after the date Purchaser takes vacant possession of the said Parcel. |
| TOTAL |
100% |
