Hi,
1) When the property has not obtained CSC, they are categorized under subscale.
2) You must be paying the purchase in cash to encounter this situation to pay the final payment of 15% before the property obtained its' CSC.
3) If you are referring to your own lawyer requesting this, you may do so by writing "-CVY" behind the law firm's name on the cheque. You may refer to detail about this:
www.conveyancing.sg
4) The reason is this ensures your money will be deposited into the special account and protected.
5) When the payment is due, the lawyers for both buyer and developer must jointly sign before money can be withdrawn for the payment.
6) If you have taken a mortgage loan, the bank will take care of the final payment.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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