Buying properties in Singapore
These “Easy” steps make your buying process a breeze.
Step 1: Research and shortlist the location
Tip: Select a good location for capital appreciation and preservation.
As the saying goes “Location, location, location”. During an ”up” market, housing of any shape & size move, but during a slow moving time, prices in good location will be resilient and also easier to sell.
Key Considerations:
Step 2: Determine your budget. Always buy within your means. Use a bank mortgage calculator to help you determine how much you can finance with a bank loan and how much cash you need to prepare.
Step 3: Decide on the type of housing. HDB? ECs? Condos? Cluster house? Landed house?
Step 4: View showflats, resale units
Step 5: Negotiate and make an offer, Once you have made a successful offer, you will be issued an Option to Purchase. (New condos projects will be issued a Sale and Purchase Agreement after OTP).
Step 6: Completing the sale process.
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