Because of the C thingie?

threeeye, I dunno whether SDB has gotten the AP yet for this project. However, as per the Option Letter aka Offer to Purchase letter that the buyer needs to sign with SDB (when booking a unit), the offer to purchase is valid for a period of 6 mths with an automatic extension period of 3 months. This means the SPA needs to be executed within 9 mths from the date of the Option Letter. Otherwise, the buyer gets back the 8k deposit with interest. This means SDB needs to get the AP during the period, otherwise the SPA cannot be executed. It protects the buyer's interest as well.

Yes, the purchase comes with DIBS and all legal fees (SPA & loan agreement) and (most importantly) the stamp duty on loan agreement are absorbed by the developer.

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Added on September 22, 2012, 6:11 pm

As I mentioned in my previous post, if you get a loan from one of the panel bankers, the loan amount is 90% of the actual selling price. Developer will pay 10%, buyer does not need to pay anything. So the SPA selling price should state the price before discount price.