Dear Sir,
There are 4 payments required for the purchase of an EC.
On Booking Day
1) 5% of Purchase Price - Cash
After Booking Day, usually within 9 weeks, 3 payments required
1) 15% of Purchase Price - Cash/CPF
2) Stamp Fee
3) Legal Fee
There are a few things that you must do before you purchase an EC. For example, getting a loan approval so that you are assured of the loan quantum before you make the purchase. Else, you will risk forfeiting a portion of the booking fee if you are unable to get a loan approval after you make the purchase.
If you would like a full overview of what to expect and full forecast of purchasing an EC, feel free to contact me via sms/email/call and I'll share with you. There are no obligations.
I wish you all the best.
Andrew Ho
Tel:
(+65) 9238 0058
Propnex Realty Pte Ltd
Email: andrewho.realtor@gmail.com
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