Business Team

Legal Matters, Financing and Payment

Should you require advice on legal matters, I can refer you to a registered law firm that offers high net worth clients with the following services:

- Private Commercial & Residential Property

- Immigration 

- Company Incorporation

- Family Office (FO)

- Conveyancing Matters

- Family Legacy Planning

- Banking and Finance Matters

 

Building Under Construction (BUC) Progressive Payment

 

When you are buying a condominium that is still under construction, or if the construction hasn't started yet, the payment that you will need to make will be in stages. 

- First 5% = This is the initial Booking Fee to book the dream unit that you want to purchase 

- 15% = Upon signing the Sales and Purchase Agreement

- 10% = Completion of foundation work

- 10% = Completion of reinforced concrete framework

- 5% = Completion of brick walls

- 5% = Completion of roofing / ceiling

- 5% = Completion of electrical wiring, internal pastering, plumbing, etc

- 5% = Completion of roads, car park, drains

- 25% = Upon receiving Notice of Vacant Possession from the Developer, this is when you can start occupy your new dream unit

- Last 15% = Upon Legal Completion, when the Developer transfer the legal Strata Title to you

 

For further details, kindly contact me at +6585711399 or email me at tobiasoei@huttons.sg

New ABSD (TRUST) wef. May 9th 2022

New ABSD rates & TDSR threshold on or after 16 December 2021

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Stamp Duty

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Housing Loan Information

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