4 > Know the available payment terms

Century Properties offers several payment terms for each of its projects. Here are the top payment terms we have for The Gramercy Residences and The Knightsbridge Residences.

The Gramercy Residences

• No Downpayment (Equal Payments)
  50%, 75% or 100% payable over the construction period. Remaining balance is paid upon turnover.
• Stretched Downpayment
  Downpayment of 20% to 35% payable in 6 or 24 months. 45% to 60% is paid over the construction period. Balance of 25% is paid upon turnover.
• Balloon Payment
  Downpayment of 20% payable over 3 months, 25% or 30% is equally spread over the construction period. Balloon payments of 7.5% is paid on the 13th, 23rd, 33rd and 43rd months. Balance of 20% or 25% is paid upon turnover.
• Spot Downpayment
  Spot 20, Spot 30 or Spot 40 Downpayment is paid 30 days after reservation date. 60% to 80% is paid over the construction period. Balance of 10% to 20% is paid upon turnover.

The Knightsbridge Residences

• No Downpayment (Equal Payments)
  75% to 100% payable in 5 years. Remaining balance is paid upon turnover.
• No Downpayment (Incremental Payments) - 75% payable in 5 years with monthly payments increasing annually at assigned “Step-up” Rates. Remaining Balance is paid upon turnover
• Spot Downpayment
  Spot 10, Spot 20 or Spot 30 Downpayment is paid 30 days after reservation date. 45% to 65% is paid over 59 months. Balance of 25% is paid upon turnover.
• Balloon Payment
  Downpayment of 20% payable over 6 months, 25% is equally spread over 50 months. Balloon payments of 7.5% is paid on the 12th, 24th, 36th and 48th months. Balance of 25% is paid upon turnover.