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Hi,

At which point during the property buying process for a property under construction does a married couple have to choose the manner of shareholding i.e. joint tenancy versus tenancy-in-common?

Does it have to be decided upon the exercise of the OTP or is it only decided upon signing of the sales and purchase agreement after the project TOPs?
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5 Answers

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, are you referring to a new launch condo?

Regards
Aaron Chong
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aaronchong2774@yahoo.com.sg Read More
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When you are exercising the Option To Purchase or Sales & Purchase Agreement, you will inform the conveyancing lawyer on the above.

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1. **Shareholding Decision**: The decision regarding joint tenancy versus tenancy-in-common typically needs to be made before the signing of the Sales and Purchase Agreement (SPA).
2. **When to Inform**: It is important to inform the conveyancing lawyer of the shareholding arrangement when you are exercising the Option to Purchase (OTP), as this will be factored into the documentation.
3. **Timing**: While the shareholding arrangement can be discussed earlier, it will be formalized and documented during the SPA signing after the project's Temporary Occupation Permit (TOP) is granted.

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Hi, it is ideally decided during the signing of the OTP.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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Hi

You have to finalize the ownership percentage upon exercising of the sale & purchase agreement, which is typically within 3 to 4 weeks of getting the OTP for the purchase.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

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