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Buyer Guide

1. Determine Your Budget

  • Calculate your affordability, including the down payment, monthly mortgage repayments, and other associated costs.
  • Visit banks or use online tools to check your loan eligibility.

    • 2. Search for Property

  • Engage a Real Estate Agent to help you find properties that meet your criteria and handle negotiations.
  • Explore property listings on websites like iProperty, PropertyGuru, or EdgeProp etc.
  • Schedule visits to shortlisted properties.

    • 3. Evaluate the Property

  • Inspect the property to check for any defects, structural issues, or renovations needed.
  • Compare the property’s price with similar properties in the area to ensure it's reasonable.

    • 4. Negotiate and Make an Offer

  • Discuss and negotiate the price with the seller through your agent.
  • Submit an official offer to purchase the property.

    • 5. Apply for a Loan

  • Submit your loan application to the bank, along with the necessary documents.
  • Once approved, the bank will issue a Letter of Offer, which you need to sign and return.

    • 6. Sign the Letter of Offer

  • This document outlines the agreed price and terms of sale.
  • Pay a 2% to 3% as earnest deposit of the property price as a sign of commitment.

    • 7. Hire a Lawyer

  • Engage a lawyer to handle the legal aspects of the transaction.

    • 8. Sale and Purchase Agreement (SPA)

  • Both parties sign the SPA, and you pay an additional 7% to 8% of the purchase price.
  • The SPA will be stamped and registered with the relevant authorities. (conditional SPA will take longer time to complete).

    • 9. Completion of Sale

  • Pay stamp duty on the transfer of ownership and loan agreement.
  • Settle any outstanding legal fees with your lawyer.
  • Pay any remaining balance of the purchase price to the seller.
  • Once all payments are settled, the handover process will begin.

    • 10. Registration of Title

  • Your lawyer will ensure the transfer of the title deed to your name at the land office.
  • Once registered, collect the title deed from your lawyer.

    • 11. Move In

  • Prepare for Move-In.
  • Ensure that all utilities are transferred to your name.

    • Tools

    How much housing loan you can get?
    Go find out
    How much is your property worth?
    Get free report
    Looking to buy property?
    Browse listings
    Looking to sell your property?
    Find an agent

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