fbpx

Payment Schedule for Buying Resale Private Property

For resale and sub-sale private residential property transactions

Payment Schedule for Buying Resale & Subsale Private Residential Property

Straightforward and Easy To Understand

Payment Scheme (LTV 75%)

Stage%DescriptionWhen to Get ReadyPayment Mode
1st1%Booking FeeDay 1Cash
Buyer to engage solicitor (~ $3000)
Buyer to select the Mortgage Loan (Stamp fee ~$500)
ASAPCash
4%Exercise Option
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 2 weeks from Day 1Cash
Buyer's Stamp DutyWithin 2 weeks upon signing S&PCash or CPF OA
Additional Buyer's Stamp DutyWithin 2 weeks upon signing S&PCash or CPF OA
2nd20%Completion of Sales & Purchase
at solicitor's law firm
Within 8-10-12 weeks from exercising OptionCash or CPF OA
75%Bank Loan
Close Menu
Call Now ButtonCall Us Now
Close This Panel