1) The completion is 2013, then from now till 2013 no need to pay the installment and interest will be bear by developer right?
Once confirmed ur booking, pay 10% down payment and u don need to pay anything for 3 years until u received ur key. Developer will pay the interest. installment starts after u got the key.

THEN

2) 18 month free installment by developer after completion?
After 3 years and received ur key, developer will pay ur payment as follow: rebate 7.5% of ur property price and pay u over for the 18 months.. u may need to fork out some money to pay the balance if ur laon repayment is more than what developer will cover..

3) What does leasehold mean? and compare to freehold? Any pros and cons?
Leasehold is that u hold the ownership of the property for 99 years from the date of purchase while Free Hold is u owned the property (land) forever unless u sell it.
Pros and cons is see whether u buy the property is for own stay or investment. Also depend whether that area can help in appreciating ur property or not..

PLS CORRECT ME IF I'M WRONG

4) If buy this condo for investment, we will resell it. Is it after the completion or can be done during development?
I buy this property for own stay, no intention to sell.. anyone can help in this question??

Hope it help and correct me if i'm wrong..

CHEERS...

the facing of your house or condo is taken from looking out from your main door.

so in this forum many ppl say those units facing east have better take up rates because of morning sun, but in fung shui, the unit is actually facing west not east.

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Added on February 2, 2010, 8:37 pm
Addin a few more points:
For point no 1: only if everything is going smoothly.
For point no 2: the developer will pay buyers 7.5% within 18 month after VP. it doesn't says how and when they will pay. so buyers might have to pay the loan first.
For point no 3: for lease hold the 99 years is date from the title issued.not when u purchase it. normally after VP there is about 93-95 years left.
For point no 4:ya you can sell the condo during construction stages.or after VP

For point no 4:-

You can sell the unit before completion but must inform developer regarding the sub-sale. If you sell it during the 3+1.5 years, then the interest and the 7.5% will not be paid by the developer anymore. This offer tie to the 1st purchaser only.

you will have to repay the loan, int, lawyer fee, etc etc even though you dont get ur condo.

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Added on February 3, 2010, 12:34 pm
you mind sharing with us which part of the agreement say so?
i dont find it anywhere