Apply for an In-Principle Approval (IPA)
Visit Show Flat with Jerez
Option To Purchase
Sales & Purchase Agreement
Exercise Sales & Purchase Agreement
Pay Remaining Balance
Commence Progressive Payment Plan
Obtain Temporary Occupation Permit
Obtain Certificate Of Statutory Completion
After marriage, David and Samantha stayed with their parents and purchased their first investment private property that costs $1,500,000. They took a maximum 75% loan with 30 years tenure. Coupled with the bank's low interest rate, they did the calculations and found out that they are able to afford the monthly instalments (by CPF for the first 2 and a half years and had to top up cash thereafter).
At the 3 years mark, they sold the property and made $250,000 without even moving into their property.
With the $250,000 profits, they decided to buy a bigger resale condominium and move in with their 2 children.