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Hi Alex,

If you are planning to buy new launch property from Developer, the option fee is 5% upon booking and balance 15% usually 8 weeks from OTP date. Unless you are buying a completed project, the option fee is 1% followed by 4% within 2 wk exercising the OTP.

The loan to buyer would very much depend on the buyer(s)'s income and credit exposure. It is always more prudent to do up a IPA with the bank first before committing to purchase. In this case, the buyer has at least information as to how much loan % he can obtain.

I have helped many buyers on pte resale and new launched projects direct from the Developers. If I further assist you in the purchase a pte from Developer, pls let me know. Can call me 9876 5130  to discuss.

New launches arriving..
* CUBE 8 in Thomson * Holland Residences * Altez in Tanjong Pagar

Thanks.

TC Tan
Group Director
DWG
 9876 5130 
dennisweeagent@yahoo.com.sg
http://www.dennisweeagent.myweb.sg Read More

Hi Alex,
Excluding the 90% bank loan, the first booking fee of 5% have to be in cash, the next 5% can be either cash/CPF. As for the stamp fee/legal fee, it is 3% estimate.

Booking fee: 5% (in cash) upon booking
Balance: 5% (in cash/CPF) within 8wks fm OTP
Bank Loan: 90% (in cash/CPF)
Stamp/legal: 3% (in cash) within 2wks fm OTP

Feel free to contact me for more info.

DoreenTan-Propnex
 91177317 
www.91177317.com
doreencltan@gmail.com Read More