Parc Life EC Official Site - By Frasers Centrepoint and Keong Hong
Payment Scheme
EC buyers will have to obtain loans from banks or financial institutions as HDB does not provide housing loans for the purchase of EC. The ceiling for bank loans is as follows:
| Date of Booking (EC) | Loan Ceiling |
| Date of booking on or after 20 Feb 2010 | 80% of purchase price |
Normal Payment Scheme
(known as Progressive Payment Scheme)
| Stage | Percentage |
| Upon the grant of Option to Purchase | 5% (Booking Fee) |
| Upon signing of the Sale & Purchase Agreement or within 9 weeks from the Option date | 15% |
| Completion of foundation work | 10% |
| Completion of reinforced concrete framework | 10% |
| Completion of brick walls | 5% |
| Completion of roofing /ceiling | 5% |
| Completion of electrical wiring, internal plastering, plumbing & installation of door & window frames | 5% |
| Completion of car park, roads & drains serving the housing project | 5% |
| Notice of Vacant Possession (TOP) | 15% |
| On Completion Date | 15% |
Deferred Payment Scheme
| Stage | Percentage |
| Upon the grant of Option to Purchase | 5% (Booking Fee) |
| Upon signing of the Sale & Purchase Agreement or within 9 weeks from the Option date | 15% |
| Notice of Vacant Possession (TOP) | 65% |
| On Completion Date | 15% |
