1
Apply for an In-Principle Approval (IPA)
2
Visit Show Flat with Jerez
3
Option To Purchase
4
Sales & Purchase Agreement
5
Exercise Sales & Purchase Agreement
6
Pay Remaining Balance
7
Commence Progressive Payment Plan
8
Obtain Temporary Occupation Permit
9
Obtain Certificate Of Statutory Completion
Example 1:
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.
