Under Schedule 3 of SPA rules by Institut Bank-Bank Malaysia :-
THIRD SCHEDULE(SCHEDULE G)
(Clause 4(1))
SCHEDULE OF PAYMENT OF PURCHASE PRICE
(for land and building)
Installment Payable
1. Immediately upon the signing of this Agreement(S & P)------ 10%
2. Within 21 working days after receipt by the Purchaser of the Vendor's written
notice of the completion of :
(a) the foundation and footing works of the said Building--------- 10%
(b) the reinforced concrete framework of the said Building-------- 15%
(c) the walls of the said Building with door and window frams
placed in position---------------------------------------------10%
(d) the roofing,electrical wiring, plumbing(without fittings),
gas piping and internal telephone trunking and cabling to
the said Building--------------------------------------------- 10%
(e) the internal and external plastering of the said Building ---- 10%
(f) the sewerage works serving the said Building ----------------- 5%
(g) the drains serving the said Building ------------------------- 5%
(h) the roads serving the said Building -------------------------- 5%
3. On the date the Purchase takes vacant possession of
the said Building with water and electricity supply ready
for connection -------------------------------------------------12.5%
4. Within 21 working days after receipt by the Purchase or
the Purchasers solicitors of the separate document of title to
the said Lot together with a valid and registrable Memorandun
of Transfer to the Purchase duly executed by the Vendor or
on the date Purchase takes vacant possession of the said
Building, whichever is later -----------------------------------2.5%
5. On the date Purchaser takes vacant possession of the said Building as
in item 3 and to be held by the Vendor's solicitor as stakeholder for
payment to the Vendor as follows: ------------------------------ 5%
(a) 2.5 % at the expiry of 6 months after the date the Purchaser takes vacant
of the said Building.
(b) 2.5% at the expiry of 18 months after the date the Purchaser takes vacant
possesion of the said Building
Total-------------------------------------------------------------100%
THIRD SCHEDULE (SCHEDULE H)
(Clause 4(1))
SCHEDULE OF PAYMENT OF PURCHASE PRICE
(for building intended for subdivision)
Instalment Payable
1. Immediately upon the signing of this Agreement ------------------ 10%
2. Within 21 working days after receipt by the Purchaser of the Vendor's written
notice of the completion of :
(a) the work below ground level including piling and foundation of
the said Building comprising the said Parcel --------------------10%
(b) the reinforced concrete framework of the said Parcel ----------- 15%
(c) the walls of the said Parcel with door and window frames
placed in position ----------------------------------------------10%
(d) the roofing/ceiling, electrical wiring, plumbing (without fittings),
gas piping (if any) and internal telephone trunking and cabling
to the said Parcel --------------------------------------------- 10%
(e) the internal and external plastering of the said Parcel -------- 10%
(f) the sewerage works serving the said Building ---------------------5%
(g) the drains serving the said Building -----------------------------5%
(h) the roads serving the said Building ------------------------------5%
3. On the date the Purchaser takes possession if the said Parcel
with water and electricity supply ready for connection to
the said Parcel ------------------------------------------------12.5%
4. Within 21 working days after receipt by the Purchaser of the
written confirmation of the vendor's submission to and
acceptance by the Appropriate Authority of the application
for subdivision of the said Building---------------------------- 2.5%
5. On the date Purchaser takes vacant possession of the said Parcel as
in item 3 and to be held by the Vendor's solicitor as stakeholder for
payment to the Vendor as follows: -------------------------------5%
(a) 2.5 % at the expiry of 6 months after handing over of vacant possession.
(b) 2.5% at the expiry of 18 months after the date the Purchaser takes vacant
possesion of the said Building
Total ......................................................100%
