Asked by
I have a few general qns about the procedure of purchasing uncompleted private residential properties and am interested in answers concerning the market practice.

1. When does the buyer usually appoint lawyer? Eg. after receiving OTP & paying booking fee? after receiving S&P?

2. Does the buyer usually appoint own lawyer? Or referred to by developer?

3. How's the financing procedure like? (not the progressive payment) Eg. Does lawyer assist to apply for CPF savings withdrawal first? If not enough, apply for bank loan?

When does valuation come into play? And what kind of approval should Buyer await (eg. Letter of Offer from bank, from CPF?)

I'm more interested in the step-by-step procedure prior to exercising the OTP. Would appreciate if anyone here can help. Thanks!
0
437 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Hi Ms. Atikah,

I will be glad to illustrate the full step-by-step procedure and how the financial timeline is going to pan out. Have assisted with a buyer for The Glades and I'm grateful she recognizes my clarity in explanation so to ensure a smooth purchase. You can refer to it below.

To provide more accurate info, I will need more details such as the project you are considering and the finances on how you prefer to approach this. How should I get in touch to share more with you? Thanks and let's discuss further.

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
0
GAN ENG JOO ONASSIS
Hi Ms Atikah,

Re: Our Preferred Experienced SG Professional

We can assist you based upon your stated contents and walk you through the entire process with options.

OTP then appoint lawyer on your own with housing loan secured too. Then S&P to be signed with stamp duty paid.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgrealtor.com
Skype: incomecare

Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”

Our SG Realtor Services Youtube
Residential- https://www.youtube.com/watch?v=3kI2tBtopuM
Commercial- https://www.youtube.com/watch?v=ELAXddJ6nEk

Daring to invest on SG branding portals give us an edge advantages in reaching out to consumers'.

Upcoming 2016, we are in the progress to create property portals to serve our SG clients better.

www.HiSingapore.com –Singapore Housing and Commercial Property Guide
www.Listing.sg – SG Properties Listings
www.CommercialSingapore.com – Commercial Listings
www.SGHouses.com – Residential Listings
www.Showsuite.com – SG Developer Projects Listings

SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.SgOfficeRental.com
www.SgShophouse.com

SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com

SG Districts Websites
www.BukitTimah.com.sg
www.Holland.com.sg
www.MarineParade.com.sg
www.sentosaisland.com.sg

Overseas Website
www.NewLaunch.my - Malaysia
www.PropertyPh.com - Philippines
www.VNProperty.com - Vietnam Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions