Hello Helfizad.
I think you are referring to uncompleted or new launch projects. For uncompleted projects direct from developer, yes the booking fee is 5% of sales price. 15% Upon exercising the Sales and Purchase Agreement with the developer.
There are still some projects available where IAS (Interest Absorption Scheme is still available). For these projects you take a bank loan and the bank disperse your loan according to the progressive payment to developer. The developer pays your interest until TOP.
Most new projects however will not have IAS available to buyer.
For resale units or sub-sale units, you will need to pay 1% of sale price on Offer to Purchase and 4% on exercising the option to purchase. Then you settle the outstanding amount at completion (approximately 3 months from exercise of option).
Call me to discuss more if you have other questions. My contact is
96231357
or email at roland@rolandhan.com
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