By MoneyBees
Every payment for a BTO flat from booking to keys: option fee, downpayment, stamp duty and legal fees at the Agreement for Lease and the balance at key collection, in cash and CPF.
S$2,000 for a 4-room or bigger flat, S$1,000 for a 3-room and S$500 for a 2-room Flexi. It counts towards your downpayment.
Within 9 months of booking an uncompleted flat. For a completed flat, you sign the Agreement for Lease and collect the keys within 9 months of booking.
10% of the price at signing and 15% at key collection, with the HDB loan covering 75%. You can pay it with cash, CPF OA savings or a CPF housing grant.
With a 75% bank loan, 20% at signing (at least 5% in cash) and 5% at key collection. With a 55% loan, 20% at signing (at least 10% in cash) and 25% at keys.
It splits the downpayment into two for a flat still being built. With an HDB loan you pay 5% at signing and 20% at key collection.
No. You pay the option fee at booking, the downpayment and fees at the Agreement for Lease, and the balance at key collection.
Yes. You can use your OA to pay stamp duty and legal fees in full. The option fee is paid in cash.
A survey fee by flat type, registration fees and, with an HDB loan, stamp duty on the Deed of Assignment at 0.4% of the loan, capped at S$500. Second-timers also pay any resale levy before key collection.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).