Buyer Guide

– STEP 1 –
Find the suitable property.

– STEP 2 –
Fill in the letter of offer.

– STEP 3 –
Pay an initial deposit (Earnest Deposit) usually 2% or 3%.

– STEP 4 –
Vendor (seller) will then acknowledge the acceptance column of the letter of offer.

– STEP 5 –
Vendor have the right to forfeit your deposit if you go back on your word. Otherwise the vendor will have to refund your deposit plus a penalty of equivalent amount if he or she goes back on his or her word.

How To Apply For Financing

You may now proceed to apply for a financing package that best suit you (optional).
You may also seek the help from real estate agent to assist you on this matter.

Sales & Purchase Agreement (SPA)

  • Its your duty as a buyer to appoint a solicitor to prepare the Sales & Purchase Agreement.
  • Once this agreement is ready, both vendor and buyer are required to sign it before sending it for stamping.
  • By now the buyer will have to pay the remaining of the first 10% down payment to the vendor.

Balance of 90% Purchase Price


3 months to settle the balance of 90% purchase price.


1 month extension is allowed but with an imposition of interest calculated on a daily basis.

Delivery of Vacant Possession

Completion of unconditional SPA

Payment of balance purchase price

Conditions precedent like from state authority, foreign investment committee etc


How much housing loan you can get?
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