Buying Procedure for Auction Unit
1
Arrange a appointment to view the actual auction unit before the auction date.
2
Check with bankers and find out how much loan you are able to get before attending the Auction.
3
Attend auction and start bidding when choice property has been call out.
Highest bidder will get the unit and sign the Condition of Sale on the spot.
6
Pay the balance 10% or 15%
(in cash/CPF) of your downpayment within 8 to 12 weeks for completion, and
you will get your keys.
5
Pay buyer stamp duty and ABSD (if applicable) within 2 weeks after signing Condition of Sale.
4
Items needed during purchase.
All purchaser's ID/Passport, all purchaser must turn up during auction, a cheque of 5% or 10% of purchase price.
(will be announced before the bidding start)
Important note:
Once Condition of Sale is signed, it is consider as OTP exercised. There is no 14 days cooling period.
Booking Procedure for Private Treaty Unit
1
Check with bankers and find out how much loan you are able to get before looking for your dream home.
2
Find your dream home and negotiate the price
3
Place an option fee of 1% of the purchase price. Option is valid for a time frame (Normally 2 weeks)
6
Pay the balance 15%
(in cash/CPF) of your downpayment within 8 to 12 weeks for completion, and
you will get your keys.
5
Pay the remaining 4% of the initial downpayment to exercise the option to purchase, you will also be paying for the BSD and ABSD (if applicable)
4
Apply for a home loan
at this point.
Important note:
If the Option to Purchase is not exercised before it expires (Normally 2 weeks), the seller will be entitled to forfeit the full 1% of the booking fee.