Payment Procedure
☎️ Payment Procedure Management Office
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📄 Additional details
The following payment procedure will apply to someone purchasing a condominium unit:The Buyer is to pay a 5% booking fee in cash or cheque to the developers to secure the unit. Buyer will be given Form3 and Option to Purchase (OTP) form to sign. Buyer will receive a Sales & Purchase Agreement (S&P) within the next few days after payment of the 5% booking fee and buyer is to exercise the S&P at lawyer’s firm within 14 working days(~3 weeks) of receiving it.
Buyer is to pay stamp duties on the purchase price within 3 weeks of signing the OTP form. The payment procedure on the purchase price of the unit will be in the following sequence.
Buyer is to pay stamp duties on the purchase price within 3 weeks of signing the OTP form. The payment procedure on the purchase price of the unit will be in the following sequence.
Payment Schedule for Condominiums under Construction (Excluding Stamp Duty Fees)
T.O.P (Temporary Occupation Permit)
C.S.C (Certificate of Statutory Completion)
T.O.P (Temporary Occupation Permit)
C.S.C (Certificate of Statutory Completion)