back to reality..
this 10:90 scheme is different from the 5:95 that was made popular by this very same developer back then, the 'old-team'..
it looks more like a deferred payment scheme, a hybrid converging the DIBS traits and some extent of BTS element.. so very likely that, it has been priced-in for such benefits..
the next question is, to what extent..? if i were to tell the developer that i want to buy it the conventional way, am i entitled to discounts..?
simply put, progressive interest for a stratified prop with 3 years completion, with averaged mthly drawdown for 90% of 850k @ 4.80% would hv priced-in abt 55k..
and more questions, on the terms.. what happens after the 10%-2% dp.. and if i can't get the loan upon completion.. how does it comply to schedule H, is it being altered..?
and the enforcement of cancellation refunds by stages of completion, application of LAD (based on paid portion), and all other provisions under the HDA which does not specifically address deferred payment schemes..
if it is the previous SPS team, i am sure these would have been thought of and preempted..
the product and location aside, just m2c..
I supposed this built-then-sell project is governed under Schedule J (strata).