Explore The Possibility To Upgrade Your House COMFORTABLY!
Payment Schedule for Buying Resale & Subsale Private Residential Property
It is straightforward and easy to understand.
Payment Schedule for Buying Resale Private Property (LTV 75%)
|Stage||%||Description||When to Get Ready||Payment Mode|
|1st||1%||Booking Fee||Day 1||Cash|
|Buyer to engage solicitor (~ $3000)|
Buyer to select the Mortgage Loan (Stamp fee ~$500)
Buyer to exercise Option at solicitor's law firm
Option Exercise fee is usually 4% or 9% depending on the agreement between seller and buyer
|Within two weeks from Day 1||Cash|
|Buyer's Stamp Duty||Within two weeks upon signing S&P||Cash or CPF OA|
|Additional Buyer's Stamp Duty||Within two weeks upon signing S&P||Cash or CPF OA|
|2nd||20%||Completion of Sales & Purchase|
at solicitor's law firm
|Within 8-10-12 weeks from exercising Option||Cash or CPF OA|