5 Answers

Hi,

Pre-TOP condos follow progressive payment scheme, but TOP condos, the full bank loan is disbursed during completion. Thanks and hope to assist with your purchase plans further.

Warm regards
Ivan ERA
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YT Tan (陈永达)
Good morning buyer,

it's great hearing from you!

For completed condos, normally loan has been disbursed fully thus your monthly mortgage repayment will be higher.

Whereas building under construction's payment schedule is usually progressive based on the construction stage. Monthly repayment is usually lower as the loan is not being disbursed in full.

Probably you can share more information and concerns with me so I will be in a better position to advise you.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
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Hi, buying a newly TOP unit is like purchasing a resale condo where your monthly loan starts to kick in the moment you gotten the keys. So which is why there are many buyers who would prefer to go for project that is under going construction. Reason being you would only need to pay via cpf a monthly payment of say $1000 the max while at the same time accumulating your cpf and cash savings for the next few years while awaiting for TOP. Pls feel free to let me know if you need any more assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi,

The primary difference between these 2 types are the payment scheme it runs on. For U/C- it follows the progressive payment scheme with timeline. This means you pay minimal amount till the TOP while for TOP/ Resale condos- you have to pay the full monthly installment upon the completion which is usually a few folds more than under construction properties.

Perhaps you can share more on your financial standing and requirements so that I can advise which option will best suit your interest. I will work out the financial cash projections and calculations with your cash on hands to succinctly propose some developments to focus on.

Engaging in an interactive discussion will enable me to understand your preferences and objectives (expected returns etc) so that I can shed some insights to the market and offer a preliminary overview of high yield projects. This is be followed by a price chart analysis, rental returns and compressive sales report with live sales transactions to aid your understanding. Furthermore, there will be NO agent fees involved. Hence my consultation and service comes at no cost; and I will walk you through step by step and run you through the entire process with ease.

D Kumar
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GAN ENG JOO ONASSIS
Hi,

Pls feel free to contact me to have a discussion.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
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agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

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