Hi there, have a question hoping someone could advice.

I'm intending to purchase a new under-construction condo and according to the sales person the developer will be covering SPA & Loan Agreement charges.

Having said so, I've also been told that I need to pay the stamp duty. The question is isn't it covered by the developer or would that fee be payable to the lawyer? Also, what are the stamp duty charges like?

Sorry ah newbie question, very new to all of these.

Thanks in advance.

Thanks Faiz. Usually which one is covered? Agent says 0.5% so i assume it is the Loan Agreement stamp duty?

I dont think I can enjoy the rebate as the loan is > 500k