Property Guru’s Guide To Buy A Condo in Singapore

Property Guru’s Guide To Buy A Condo in Singapore Condominiums, like most pretty things, come with a big price tag as well. New launch condo might be the most cost-effective option to owing the unit. They come with a heavy of discounts from the developers, like vouchers and early bird discounts. Buying the tapestry is no different from other properties as well.

Purchasing property is a time-consuming process as there are many aspects which need to be considered before initiating the process. Below is the useful guide for the buyers willing to purchase property in Singapore:

Find Home And Negotiate The Price:Buyers can browse advertisements as it is the best source to look out for the property on which is on sale. Online or offline advertisements can help a lot to

find suitable properties within the buyers budget.

After selecting few properties, buyers should physically check out the property to look out not only for defects in the buildings but also fittings and installation such as air conditioner units, cabinets, stoves and so on.

Buyers should keep in mind that the sellers are going to keep the high price of their condo. So buyers should carry out some research on past transactions of similar properties in the area that they are looking for and then negotiate hard.

Book Flat:On the official launch day, buyers will need to go down to the show flat early and submit their ballot number. Then they have to wait for their ballot number to be called and book the property.

It is a good idea to have a few launch condo units shortlisted so the buyers have fallback options in case their unit has already been taken. Once the unit is booked, the developer will provide a set of property details information documents.

It contains a set of all floor plans, rules, and regulations related to the unit. They will be asked to read and agree to the terms and details in the PDi documents b initiating on all the pages.

Hire Solicitors And Finalise The Loan:With a copy of the options in the hand, approach the bank to finalise the loan for the new launch condo. This means having them issue a letter of offer, a fancy name for the document containing terms on which the bank is offering the loan to the buyer.

Buyers also need to hire the solicitors to act on behalf of them during the time of purchase and taking care of any conveyancing matters. If the buyer is taking a bank loan, the bank loan will usually be able to recommend a firm from its panel.

Sign the Sales And Purchase Agreement:Within two weeks of providing with options, the developers will deliver the sales and purchase agreement, following which buyers will have three weeks to sign it and exercise the option.

Buyers will have to pay 15% exercise fee. This will be due at the point of signing the S&P, or within nine weeks from the date of options.

Completion:On completion day, buyers lawyer will handle the transaction and get them registered as the properties new owner after the payment of the condo is completed. All that left for the buyer after completing the payment of the condo is to swing to the lawyer’s office and pick up the keys of the new home.

The demands of the Tapestry condo in Singapore is getting higher day by day but buyers should first of all look at every aspect of purchasing and should not take decisions emotionally.

Contact Us Company Name : The Tapestry Condo Email

: gurdip@mediagenesis.com.sg

Address

: Tampines St 86, Singapore

Phone

: +65 9009 1172 or +65 9488 4904

Website

: https://tapestrycondo-sg.com/