Asked by Iqbal
I am in the process of selling my hdb flat. 2nd hdb appt is tentatively on 20 January.
I intend to buy a condo. If I like the unit, when do I need to pay the 1% option fee and when do I need to pay the remaining 4% exercise fee. These fees are based on bank valuation?
If I need to time my purchase so that I can pay the option fee and exercise fee from the sale of my flat, should I start looking for the condo unit in January? Are prices of condo expected to be stagnant or rise marginally?
Is bridging loan an option I can use if I really like a unit now and knowing my sale proceed will be in on last week of Jan?
I intend to buy a condo. If I like the unit, when do I need to pay the 1% option fee and when do I need to pay the remaining 4% exercise fee. These fees are based on bank valuation?
If I need to time my purchase so that I can pay the option fee and exercise fee from the sale of my flat, should I start looking for the condo unit in January? Are prices of condo expected to be stagnant or rise marginally?
Is bridging loan an option I can use if I really like a unit now and knowing my sale proceed will be in on last week of Jan?
1291 views
