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New Property Timeline

New Property Timeline

Example: Singapore Permanent Resident buying 2nd residential property at $1,000,000 on 1Feb 2019.

Option to Purchase OTP date 1 Feb 2019

Latest date to receive Sales & Purchase Agreement from Developer 15 Feb 2019 ( within 14 days)

Latest date for Purchaser to Sign the Sales & Purchase Agreement 8 Mar 2019 ( within 21 days from receiving Sales & Purchase Agreement )

Latest date to Pay Stamp Duty 22 Mar 2019 ( within 14 days from signing the Sales & Purchase Agreement)

ProgressPayment %Payment $Payment Mode

Booking

Upon the grant of Option To Purchase ( For example OTP date 1 Feb 2019 )

5%$50,000Cash

Sales & Purchase

Upon signing of Sales &Purchase  Agreement or within 8 weeks from the Option date

( For example, Sign the Sales & Purchase Agreement by 8 Mar 2019 )

15%$150,000CPF/Cash

BSD

Buyer's Stamp Duty (For example, Latest date to Pay Stamp Duty 22 Mar 2019 ( within 14 days from signing the Sales & Purchase Agreement)

_$24,600Cash

ABSD

Additional Buyer's Stamp Duty

15%$150,000Cash

Foundation 

Completion of foundation work

10%$100,000(5% CPF or Cash and 5% loan) or 10% cash

Framework

Completion of the reinforced concrete framework of the unit

10%$100,000Loan or Cash

Wall

Completion of partition walls of the unit

5%$50,000Loan or Cash

Ceiling 

Completion of roofing/ ceiling of the unit

5%$50,000Loan or Cash

Windows

Completion of door frames/ window frames/ and plumbing unit

5%$50,000

Loan or Cash


Carpark   

completion of carpark, roads, and drains                                                        

5%      
$50,000
Loan or Cash        

TOP

Temporary Occupation Permit

25%
$250,000
Loan or Cash

CSC

Legal Completion 

15%
$150,000
Loan or Cash

For Home Loan & Interest Rates information, click on this link: https://uproperty.sg/new-loan-739700

For Stamp Duty information, click on this link: https://uproperty.sg/stamp-duty-for-residential-property-7739200