Do I need to pay agent fee for buying a new launch condo? No, you don’t need to. Agent fees/commission are paid by the developer. What if my agent asks for commission? If your agent asks for a commission to assist you on a new launch, question your agent if…
Tag: EC
60-SEC READ
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SGPD 60-Sec Read: How much downpayment do I need to purchase a new launch private condo?
How much downpayment do I need to buy a new launch condo? 25%, assuming that this will be your one and only home loan, and that you can get a loan for 75% of your purchase price. *Assuming condo purchase price is $1,000,000. How much cash do I need for…
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SGPD 60-Sec Read: What is Progressive Payment Scheme for new launch condo or EC?
What is Progressive Payment Scheme (PPS)? For a new condo or EC that is still under construction at your point of purchase, your payment to the developer will be in phases called the Progressive Payment Scheme. The Progressive Payment Scheme allows you to defer your home loan instalments as you…
BUY/SELL HDB or EC
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Buying a HDB Flat: What is the HFE Letter and when should I apply?
Starting from 9th May 2023, HDB has introduced an updated document called the HDB Flat Eligibility (HFE) letter. This new letter is designed to offer prospective flat buyers a comprehensive evaluation of their housing and financial possibilities prior to embarking on their home purchasing endeavour. Replacing the previous HDB Loan…
BUY/SELL HDB or EC
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Selling Your HDB or EC: The Importance of Minimum Occupation Period (MOP)
Singapore’s thriving real estate market has long been a topic of interest for both locals and investors alike. Among the various regulations and policies that govern property ownership in the city-state, the MOP stands as a critical facet. Whether you’re a first-time homebuyer or an astute investor, understanding the ins…