Investing in condominium is a significant financial decision, and having flexible payment options can make the process more manageable and appealing for buyers. Whether you’re eyeing a residential property or a parking space, understanding the available payment schemes and corresponding discounts can help you make an informed decision. Let’s break down the various payment schemes and the benefits Lykke Kondo offer.

1. Cash Payment Scheme

Particulars:

• 100% Spot Cash Payment

Discounts:

• Residential: 10% Discount on Total List Price (TLP)
• Parking: 5% Discount on TLP

Paying in full upfront offers substantial savings, making this option ideal for buyers who have readily available funds and want to maximize their discount.

2. Deferred Cash Payment Scheme

Particulars:

• 100% Deferred in 12 months
• 100% Deferred in 60 months

Discounts:

• 12 Months: 7.5% Discount on TLP
• 60 Months: 5% Discount on TLP

This scheme is perfect for those who prefer to spread out their payments without the burden of immediate full payment. The longer the deferment period, the smaller the discount, offering flexibility based on financial capacity.

3. Spot Down Payment (DP) Scheme

Particulars:

• 50% Spot DP; 80% Balance
• 20% Spot DP; 70% Balance
• 15% Spot DP; 85% Balance
• 20% Spot DP; 5% in 60 months; 75% Balance
• 10% Spot DP; 5% in 60 months; 85% Balance

Discounts:

• 50% Spot DP: 7% Discount on Down Payment (DP)
• 20% Spot DP: 2% Discount on DP
• 15% Spot DP: 1.5% Discount on DP
• 20% Spot DP; 5% in 60 months: 3% Discount on DP
• 10% Spot DP; 5% in 60 months: 1% Discount on DP

This flexible option allows buyers to secure a property with varying down payment amounts, with the remaining balance paid over time. Higher spot down payments come with better discounts.

4. Stretched Down Payment (DP) Scheme

Particulars:

• 20% in 60 months; 80% Balance
• 15% in 36 months; 85% Balance

Discounts:

• No discounts available for this scheme.

This scheme is tailored for buyers who need more extended payment terms for the down payment, providing a more accessible way to own property without immediate heavy financial commitments.

Choosing the Best Payment Scheme for You

Selecting the best payment scheme depends on your financial capability and investment strategy. Here are a few tips to guide your decision:

• Maximize Savings: If you have the funds, go for the Cash Payment Scheme to enjoy the highest discounts.
• Balance Flexibility and Savings: The Spot DP Scheme offers a middle ground with moderate upfront payments and attractive discounts.
• Manageable Installments: If you prefer spreading out payments without significant discounts, the Deferred Cash or Stretched DP Schemes offer flexible options.

Investing in real estate becomes more approachable when you understand the various payment options available. Choose a scheme that aligns with your financial goals and future plans to make the most out of your investment.

Ready to take the next step toward owning your dream property? Contact us now and reserve your unit only here at Lykke Kondo!