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BOOKING & PAYMENT TIMELINE
- The Booking fee is 5% on the purchase price by cash or cheque.
- The Option To Purchase (O.T.P) will be granted and issued on the same day by developer.
Sale & Purchase Agreement (S&P)
- Within 14 days (from date of O.T.P) the triplicate S&P will be delivered to buyer or appointed lawyer from developer.
Exercise & Confirmed the Purchase
- Within 21 days (from date of S&P) buyer need to sign the S&P and return to developer.
Stamp Duty & ABSD
- With 14 days, buyer needs to pay the BSD & ABSD (if any) from date of exercised the S&P.
- Can use CPF or Cash.
- The whole S&P PROCESS take around 8 weeks from date of the OTP 1st issued, and buyer need to pay the remaining 15% within this 8 weeks from date of OTP 1st issued.
- Then buyer needs to make progressive payment depend on their Loan LTV.