How is the payment plan structured for off-plan townhouses?

The payment plan for off-plan townhouses is typically structured as follows:

• Initial Deposit: A percentage of the total purchase price paid at the time of booking or signing the agreement.
• Progress Payments: Instalments paid at key construction milestones, such as after the foundation, structural work, or other major stages are completed.
• Final Payment: The remaining balance due upon the completion and handover of the townhouse.