The Alba Residences Dorchester Collection offers a flexible and buyer-friendly 60/40 payment plan, designed to align with key stages of the construction process. With just a 5% down payment at booking and the bulk of costs tied to tangible milestones—such as substantial completion, window glazing, and final handover—this schedule provides clear milestones and peace of mind for investors and homeowners alike.
Installment | Payment (%) | Milestone |
Down Payment | 5% | On the booking date |
1st Installment | 10% | Within 30 days from reservation contract effective date (sale & purchase agreement effective date) |
2nd Installment | 10% | Within 60 days from sales & purchase agreement effective date |
3rd Installment | 10% | On substantial completion of residential tower enabling works |
4th Installment | 5% | On substantial completion of residential tower ground floor |
5th Installment | 10% | On substantial completion of residential super structure |
6th Installment | 10% | On substantial completion of residential window glazing installation |
Final Installment | 40% | On handover completion |
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