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Procedures for Buying a Resale Condo Part 4 (completion and getting keys) - PropertyWiki

The Final stretch, completion and keys collection.

Congrats now you are on the final stretch, what do you need to do to fulfill the completion account in order to get the keys?6) completion

Your law firm will forward you the completion account sent by the seller.

You have to purchase the cashier’s order and pass to your lawyer before the completion date.

Both you and the seller should agree on a completion date. This is to ensure that there’s enough time for the seller to move out, and the agreed fixtures or furnishings are left behind in good condition.

“when can I get my keys?”

This means you will have to prepare the cash portion of your payment (this should be at least 15%, and might be more depending on how much CPF you’re using and how much your bank loan is) and other sums such as Buyer’s Stamp Duty (BSD), Additional Buyer’s Stamp Duty (ABSD) if any, and legal fees.

7) Completion! You bought your resale property 

On completion day, you can come and collect your keys after 5pm at your law firm office.

Do you have any questions on buying a resale private property? Leave them in the comments!