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BUC Guide Archives - PropertyWiki

BUC Guide

Market overview of the Real Estate sector in Singapore

  “Prices of private residential properties staged a remarkable turnaround in the second quarter of 2019, rising 1.5 per cent quarter-on-quarter to hit a five-year high.” Was there an unforeseen change in fundamentals of the property market in Singapore? A very brief overview review of the property market of 2019 and what to expect in …

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Bank loan vs HDB loan

  HDB loan or Bank loan?, that’s the question which many HDB buyers have to consider when buying their HDB. Higher interest but more flexibility or lower interest but less flexibility? “Which loan, which to choose?” Greetings from PropertyWiki!Today we look at one of the biggest decisions in your purchase of your HDB property, that’s choosing between …

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Procedures for buying a resale condo – Part 4 (Completion and getting keys)

  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? The Final stretch, completion and keys collection. “when can I get my keys?” 6) completionYour law firm will forward you the completion account sent by the seller. You have …

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Procedures for buying a resale condo – Part 3 (Exercising and before completion)

  So now you have secure the loan and found yourself a lawyer, now its time to exercise the OTP. Exercising and before completion “Time to meet my lawyer” 5) Exercise the OTP and pay balance of downpaymentBefore the deadline on your OTP, you will need to exercise it to officially become a buyer of …

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Procedures for buying a resale condo – Part 2 (Getting a loan and finding a law firm)

You have found your ideal unit after multiple viewings,  now its time to calculate your finances and appoint your own law firm.   The next steps, Loan and Law. “I have found the unit I like, so how to I proceed?” Congrats on your house hunting, now that you have found your ideal unit, the …

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Procedures for buying a resale condo – Part 1 (From Shopping to Viewing to securing OTP)

Every house purchase starts with the usual house hunt, on an average, it takes about 5-8 viewings to finally find your ideal home. The Journey to hunting and buying your ideal resale condo. “Ever wonder what is the buying process?” Here’s a step-by-step guide to buy your completed property.1) Find your ideal home. You can …

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购买现成单位的过程

  如果您所购买的是已经完工的项目或者二手转售单位,那么买房过程会来得比较快。 “究竟买屋前后需要耗上多少时间?购买房子的程序是什么?” 购买现成单位如果您所购买的是已经完工的项目或者二手转售单位,那么买房过程会来得比较快。 第一步是在选好了要购买的项目后,签署选购权书(Option To Purchase,简称OTP),这将为买家保留有关单位大约两个星期,以作出购买决定。在这个步骤买家必须付单位价格的1%做为选购权费 (option fee) ,如果最终买家放弃购买有关单位,选购权费将被没收。 第二步是签署买卖协议(Sales & Purchase Agreement),买家必须付购买价格4%的抵押金,这个程序耗时约两个星期。 第三步,买家的律师将会代客户展开产业调查书(Legal Requisitions),查看有关产业是否有受到政府发展计划的影响,比如部分地段将被保留作为扩充路面或装置煤气输送管用途等等。 第四步,如果一切没有问题,买家就必须付清剩余的95%房款,而卖家则把交钥匙正式交给买家,交易就此完成。 所以如果一切顺利,不包括买家考虑的时间在内,买一间房子前后只要8到10个星期,就可以完成交易并拿到房子。 Source : Zao Bao  

购买未完成的公寓的过程

  走进示范公寓并购买第一套公寓的过程是什么? 我需要知道什么? 时间方面 如何? “有没有想过购买购买未完成房子的过程是 怎么样?” 购买未完成的新项目如果您选择的是还未完成的新项目,那么买房过程就会比较长。 第一步,签署选购权书的有效期限通常为三周,买家拥有较长的时间决定买或不买。而有关选购权费则占单位价格的5%,如果买家最后放弃购买,将可以拿回75%的选购权费。 第二步一样是签署买卖协议,当买家从发展商手上拿到买卖协议后,拥有三个星期的时间签署,否则有关买卖协议就会过期。此外,买家也必须在这个步骤缴付资产价格15%和相关程序费用,付款期限为八个星期。 第三步则是等待项目完成,这个过程依不同项目和发展商而定,短则几个月,长则二到三年不等,主要看有关项目的工程进度。这段期间,买家必须开始偿还余下的款项,分期付款详情会根据项目发展进度作出调整,直到项目获得法定完工证书(Certificate of Statutory Completion)后,买家才需要付清剩余的款项。 所以购买新项目单位的过程较长,不过对于买房自住的买家来说,可以住进舒适的梦想屋,等待也是值得的。 Source : Zao Bao