Asked by SK
Hi, I have the following question regarding payment schedule of a resale condo unit.
1. 1% option fee (when you want to offer for a unit)
2. 4% exercise option (cash in the form of cheque)
3. Stamp duty 3% - $5400. When must this be paid?
4. Remaining 15% of the downpayment (cash or CPF). When must be paid and how long can I drag this? Reason is because I need the cash proceeds from my previous sale to come in first.
Thanks.
1. 1% option fee (when you want to offer for a unit)
2. 4% exercise option (cash in the form of cheque)
3. Stamp duty 3% - $5400. When must this be paid?
4. Remaining 15% of the downpayment (cash or CPF). When must be paid and how long can I drag this? Reason is because I need the cash proceeds from my previous sale to come in first.
Thanks.
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