Deferred payments are catching up among developers

Following the brisk sales in OUE’s Twin Peaks, more developers are adopting deferred payment schemes to move sales. About 160 units were sold at the OUE project since March after the scheme was introduced. 

CapitaLand sold about 20 units in d’Leedon under its version of deferred payment schemes.  It has also introduced the scheme for the Interlace.

Some of the deferred payment schemes involve allowing buyers to stay first pay later. It involves a downpayment ranging from 5-20 % upon exercising the option and the remaining bulk payment of 80-90% to be paid a year later.

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