The launch of OUE Twin Peaks Condo with two creative payment scheme options has made the headlines recently and drawn the interests of potential buyers, especially for those who prefer a luxurious Orchard living in a green internal background. So, which payment scheme to choose? Which one is better?
The price for one-bedder will around $1.5 million, two-bedder is around $2.7 million, and $3.8 million for three-bedder, which means the price range will be between $2,700 and $2,900 per square foot. OUE offers home-buyers two Deferred payment schemes (DPS), besides the discount related to the Qualifying Certificate (QC).
OUE Twin Peaks - Deferred Payment Schemes
For the plan to launch Tower 1, OUE gives two versions of Deferred Payment Schemes:
- In the first version of DPS, the buyers have to pay 20% now (including a 10% booking fee and another 10% 2 weeks later, then when receiving vacant possession of their unit, they can pay a further $1,000. They can pay the rest of purchase unit 2 years later, after the option exercise date. Thus, buyers can move into or rent out their unit immediately.
- For the second, buyers just put down 20% now and pay the balance 80% with any taxes applicable within 2 or 3 years, starting from December 30. However, the developer will withhold the title deed until payment is made. It makes sense that the discount offered only around 12%. Deferring the date of exercising means that buyers can defer the date of obtaining vacant possession until December 30 and the buyer cannot rent out or move into their unit until then.
In the past, some developers got the approval for the deferred payment scheme, but when the payment scheme was reduced, their units have not sold out yet. However, OUE Twin Peaks, according to the experts, is believed the first case in recent years, where Deferred Payment Scheme has been made available.
Should you rush buy? In case of this significant offer ?
If you say YES, just call us or leave your contact in the form, we can give the advice for THE PAYMENT SCHEME of Twin Peaks Condo that is the most suitable for your budget.