Palace Residences Payment Plan
The payment plan for Palace Residences is flexible and designed to cater to the needs of buyers. It includes a range of options including a down payment, followed by installment payments over a period of time, with the final payment made upon completion of the project. Buyers also have the option to avail of financing options, such as mortgages, to fund their purchases. The exact details of the payment plan can be obtained from Emaar, the developer of Palace Residences. The payment plan is structured to ensure that buyers can invest in their dream homes with ease and convenience.
| Installment | Payment(%) | Milestones |
|---|---|---|
| Down Payment | 10% | On Sales Date |
| 1st Installment | 10% | Within 30 days after Sales Date |
| 2nd Installment | 10% | Within 7 months after Sales Date |
| 3rd Installment | 5% | Within 13 months after Sales Date |
| 4th Installment | 5% | Within 17 months after Sales Date |
| 5th Installment | 5% | Within 21 months after Sales Date |
| 6th Installment | 5% | Within 25 months after Sales Date |
| 7th Installment | 5% | Within 29 months after Sales Date |
| 8th Installment | 5% | On Handover |
| 9th Installment | 10% | Within 4 months after handover |
| 10th Installment | 5% | Within 8 months after handover |
| 11th Installment | 5% | Within 12 months after handover |
| 12th Installment | 10% | Within 16 months after handover |
| 13th Installment | 5% | Within 20 months after handover |
| Final Installment | 5% | Within 24 months after handover |