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Hi, after I pay a 5% booking fee for a pte condo new launch, I am required to pay the next 15% (progressing payment) within 8 weeks. Can I request for this 8 weeks to be extended if I am waiting for funds from current property resale to come in?

And assuming I need bank loan for the remaining 80%, which is the latest point I must get a AIP? Cos ideally I would like funds from current property resale to clear some current financial commitments so as to meet TDSR.
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4 Answers

Ivan Ng
Replied
Hi,

May I know which project are you referring to? Understand where you are coming from, believe its a timeline management issue. I believe there's a workaround, but may I have more details so to make better recommendations? Thanks and look forward to value-add further to your plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Aaron Chong
Replied
Hi, yes you could request it to be longer from the developer.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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CK Ang
Replied
Hi,
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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YT Tan (陈永达)
Replied
Good evening buyer,

I can assist you in requesting for an extension for payment of 15% downpayment with an interest penalty waiver.

You can only obtain 80% bank loan after you issue OTP for your property sale. I will advise you to obtain IPA before you exercise on your sale and purchase agreement.

Hope my sharing is beneficial to your property needs.

May I know how can I value add further in your property restructuring?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More
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