Understanding the Progressive Payment Schedule for new and under-construction properties in Sarawak

What is a Progressive Payment Schedule?

It is a structured plan where payments are made incrementally, aligned with specific stages of the construction process. This system protects buyers by ensuring developers only receive payment as work is certified complete.

WHY IT MATTERS

  • Transparency

    Payments are tied to physical milestones, ensuring fair value.

  • Cash Flow Management

    Buyers and banks can plan finances based on construction progress.

  • Legal Protection

    The law mandates this schedule, and deviation is not permitted unless authorized.