Payment Schedule for Buying Resale Private Property

For Resale And Sub-Sale Private Residential Property Transactions

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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)
ASAP Cash
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 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
75% Bank Loan

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