Newly built condo definately is a master title. Depends actually, you need to check out the background of developer and seen took 5yr to 7yrs.(depends)

If the developer free S&P and Loan fees then you are at disadvantage to use developer own appointed panel solicitor. You need to check out/question the sales person.

Normally the project all complete and meet the requirement then developer would only apply for CF.

Sorry had a busy day.

Look at your agreement to determine the completion date. If vacant possession is handed to you after the completion date, the developer has to pay late penalty interest.

Yes the completion date starts running from date of execution of the agreement.

Vacant possession is the right term to be used. You will be given the keys, as well as a checklist of all the items included in the sale. A checklist for defects would also be needed to be filled up and returned to the developer for their action.

It is not compulsory to have a common solicitor with the developer. You must remember that the solicitor acts for the developer and not you. As such, don't expect any calls to the solicitor for follow up and complaints against the developer to be entertained. You are deemed to be unrepresented. If you choose to appoint your own solicitor, it would be good in the sense that your lawyer can keep a check and balance on things. The drawback is that you would have to fork out fees? At what price is your piece of mind? Ask yourself that.

With regard to abandoned projects, it's a sticky situation. You can file a lawsuit in Court to compel the developer to complete the project, or sue for losses, but in most events, the developer would've long gone and buried, if not already wound-up or with plenty of creditors chasing after them. So at the end of the day, it'll be a paper judgment for you even if you win the case.

What interest are you talking about? Why would you say the Bank won't tranfer the money to the Developer? If all is in order, and if there is no delay on your part, of course the money would be disbursed. Don't worry about things that haven't, or may not, happen.

With any new development, it would be a huge master title at first. The developer has the duty to apply for subdivision. The agreement ought to provide the timeline for the Developer to subdivide the title, and if i'm not mistaken, it's 24 months from the date of the agreement.

You'll be surprised that some developments already have individual titles when launched. It's one of the perks of the packages thrown in. The faster individual titles come out, the better it is. In your case, it'll be a strata title.

Hope the above helps. Cheers.

From the what the PM announced in the budget (which doesn't make it official), it did sound like only stamp duty on the Memorandum of Transfer or Deed of Assignment will be given a rebate of 50%. Am not sure if the ad valorem stamp duty on your Facilities Agreement will be entitled to a rebate or otherwise. It is best to wait for an official announcement and guideline. In any event, I don't think you would be entitled to any rebate now itself.

Your legal fees for the S&P may appear to be free, but trust me, it has been factored into the purchase price of the house already. Like I said earlier, there's no such thing as a free lunch. There's no reason why the Developer must absorb the fees for you.

Certain Developers would also promote 'free' legal fees for loan documentation as well. You would have to check with them with that. Normally if that is offered, you would have to take one of their panel law firms who, of course, act for one of their panel banks.

When you say Developer lawyer - do you mean the lawyer for the S&P who represents the Developer and where you are deemed unrepresented? And when you say Bank solicitor, it is the solicitor who is handling the loan documentation for you?

Or do you mean the Bank solicitor who is handling the end financing fo the Developer? As you must remember that the Developer normally has an end-financier as well who provides borrowings to the Developer to run the project.

Can you be more specific? Can you post the whole invoice/note of charges here?

3-5 working days at the earliest 

Are you speaking from experience or are you giving a hypothetical situation? In reality there's no reason for the developer to intentionally delay. The sooner the SPA is executed, the sooner the purchaser can apply for a loan, the sooner it can be approved (or rejected, and the sooner the developer can start looking for another purchaser), and the sooner the developer can receive the money.

There's no rule/law to prevent the developer from doing so - i.e. delaying executing the agreement. Nothing specified in the sample agreement too (Schedule G & H).