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New Launch Timeline (Purchase)
Stage Name | Timeframe | Description | Payment |
|---|---|---|---|
Stage 1 | Day 1 | Issue Option to Purchase (OTP) | 5% Booking Fee |
Stage 2 | Within 2 weeks | Sales & Purchase Agreement (S&P) to be sent to Law Firm, or sent to Buyer if no Law Firm is appointed | - |
Stage 3 | Within 3 weeks from delivery of S&P | Buyer to exercise the OTP and sign the S&P at Law Firm | - |
Stage 4 | Within 2 weeks of Signing S&P | Buyer to pay all Stamp Duties | Buyer Stamp Duty
(BSD)
&
Additional Buyer Stamp Duty
(ABSD) |
Stage 5 | Within 8 weeks from Day 1 | Buyer to pay remaining downpayment
(Cash / CPF / Both) | 15% Downpayment |
Stage 6 | Thereafter | Progressive Payments | 80% Progressive Payment Breakdown
|
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