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Hi Cheryl,

Its not possible for bank to loan you more than 80%... this loan margin is set by the government.

May I suggest u to get a few bankers to go through your finances and get a In-principle-Approval before you start looking around for your dream house.

The benefit for you to get a sub-sale unit will be a shorter wait for you.

New project will normally take 3-4 yrs to complete, depending on the project size.

Feel free to ring/sms me shall you have more query.

Good luck ! :)

Regards
Jaslin (HSR)
T : 8333 9131  Read More

Hi Cheryl,

I understand your concerns on these issues.

However, can i ask for just a short 15 mins meet up session to go through all your queries.

At the same time, if you would like i would show you the timeline of how a property purchase would go.

As they say a picture paints a thousand words, it would be better for me to address your concerns in person and cover all aspects pertaining your property purchase.

If you are agreeable, please feel free to contact me at 9386-0900  . Alternatively, you can contact me via my email. kelvin.ngcj@orangetee.com.

I look forward to hearing from you.

Kelvin Ng
Orangetee

How much downpayment is required for under-construction unit?

This would depend on what stage the project is at already.

Any difference from buying directly from developer or sub-sale?

When you buy sub-sale, you are buying directly from the owners who purchased from the developer. It would likely be more expensive.

2. Is the subsequent payment via bank loan?

This would depend on how much the bank has agreed to loan you which is hard to share via text.

3. Stampduty, legal fees and agent's commission are payable via cash / loan?

Stampduties are payable via cash or cpf.
Legal fees - i usually help my clients with the waiver of legal fees.
Agent commission are payable via cash.

Any other fees I missed out?

No Read More