How to Purchase Your Own Dream House
Our sales personnel will provide you with registration forms in which you can state your preferred location and type of property that you interested.
SELECTION OF UNIT
Registered buyers will immediately reserve a unit of property on the prior of first come first serve basis.
LETTER OF OFFER
Upon selection of the unit, a letter of offer will be issued and the receipt for the initial 10% down payment.
EXECUTION OF SALES AND PURCHASE AGREEMENT
Execution of the S&P must be done upon settlement of the initial 10% down payment.
APPLICATION FOR LOAN
Our panel of end-financiers will assist for the application for a house loan.
LETTER OF OFFER ON LOAN
Upon approval of your loan a letter of offer will be issued by the end-financier. The letter offer should be accepted and acknowledged by purchaser within 14 days.
REGISTRATION OF DOCUMENTS
In the issuance of a separate title, the end-financier’s solicitor will normally present the Memorandum of Transfer in favor of the purchaser and the charge in favor of the end-financier registration at the relevant Land Office. Where a separate title has been issued, the end-financier will keep the original SPA and the original Loan Agreement and Assignment as security for the loan.
RELEASE OF PROGRESS PAYMENT
Once the loan documents have been completed, the end-financier’s solicitor will advise the end-financiers to release the outstanding progress payments to us in accordance with the Architect’s Certificate issued upon completion of each stage of construction.
Billing will be done progressively either to you or the end-financier as and when the Architect’s Certificates are issued upon completion of each stage of construction. The bank then releases the progress payment.
FINAL BILLING AND HANDING OVER OF VACANT POSSESSION
Upon completion, VP of the said property can be delivered to you.
HANDING OVER KEYS
Issuance of the release letter will be done allowing our Sales Personnel to release the keys to you upon full settlement of any outstanding payment. Handing over keys to the purchaser will be done by appointment and will be effective immediately after full clearance made by the purchaser.