Siniya Island development offers a structured 60/40 payment plan designed for buyer flexibility. Under this plan, buyers begin with a 20% downpayment at the time of purchase. The following 40% is paid incrementally during the construction phase, helping to manage cash flow as the project progresses. Finally, the remaining 40% is due upon handover, allowing buyers to settle the balance only once the property is ready for occupancy. This plan provides a balanced approach to payments, appealing to those seeking financial flexibility as well as investors looking to keep their cash for as long as possible.
Payment Plan Breakdown
| Percentage % | Milestone |
|---|---|
| 20% | Booking |
| 10% | 6 Months After Booking |
| 10% | 12 Months After Booking |
| 10% | 18 Months After Booking |
| 10% | 24 Months After Booking |
| 40% | On Project Completion |
Siniya Island Payment Plan FAQs
What is the payment plan for properties at Siniya Islands?
The Siniya Islands properties are sold with a flexible 60/40 payment plan. Buyers start with a 20% downpayment at booking, followed by incremental payments totaling 40% during the construction phase, and the remaining 40% due upon project completion.
How much is the initial downpayment for Siniya Islands properties?
The initial downpayment for properties at Siniya Islands is 20% of the total purchase price. This downpayment secures the property and is payable at the time of booking.
What is the payment schedule during the construction phase?
After the 20% downpayment, buyers pay 10% at each of the following intervals: 6 months, 12 months, 18 months, and 24 months after booking. These incremental payments total 40% before the final balance is due.
When is the final payment due for Siniya Islands properties?
The final payment of 40% is due upon project completion and handover. This makes it easier for buyers to manage payments during the construction period and only pay the balance when the property is ready.
Is there a post handover payment plan available?
No, there are currently no post handover payment plans available at Siniya Island.