About MOC/MOT
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 Jan 28 2019, 07:31 PM
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#1
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Newbie
30 posts Joined: Aug 2018 
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Hi all experts, a noob question here :
I have just booked a new property with s&p price around 540k, with 7% cash rebate and 3% rebate when get the house. The agent said all the legal fees, stamp duty and chargers are covered by developer, except MOT. And I heard that start from 1st Jan 2019 till 2020, 1st home buyer are entitled to waive MOT. Is it truth? Fully waived or just partially? Am I entitled for it? And any more hidden fees behind it? |
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Jan 29 2019, 08:35 PM
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#2
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Newbie
30 posts Joined: Aug 2018
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QUOTE(hanhanhan @ Jan 29 2019, 04:05 PM) several conditions must be met So mean when doing MOT, only stamp duty is waived, but still have to pay the legal fees n disbursements? 🤔1. first time homebuyer (ur name cannot appear on any other property even if u didnt 'buy' it) 2. spa price below 1mil 3. spa date must be between 1.1.2019 - 30.6.2019 only stamp duty waived. u still need pay legal fees n disbursements to ur lawyer.  |
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Jan 30 2019, 08:18 PM
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#3
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Newbie
30 posts Joined: Aug 2018
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QUOTE(Mr.World Weary @ Jan 30 2019, 10:40 AM) yeah man, that's a necessary cost to purchase a property, stamp duty itself occupied 60% (+-) out of total SPA charges, so if it is confirmed that you are entitled to the waiver, you are very lucky already since you can save a lot of your money. Great, many thanks1 more thing, The waive of MOT's stamp duty will automatically waived and calculated in the bill? Or we have to apply it through some website or some government office? Or we have to pay 1st then only claim? 🤔 |
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Feb 2 2019, 08:17 AM
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#4
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Newbie
30 posts Joined: Aug 2018
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QUOTE(Sone Shin @ Feb 1 2019, 09:58 AM) Hi Guys, wanted to ask regarding the stamp duty waiver announcement yesterday. Will it be entitled for non-first house buyer? What i heard is once there was a property having ur name even co-named, u are no longer consider as 1st house buyer.Also noob question, this is my first time in my life getting a property loan. but I have co-named with my parents on a house. will I still be consider as first house buyer? |
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Feb 2 2019, 08:17 AM
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#5
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Newbie
30 posts Joined: Aug 2018
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QUOTE(hanhanhan @ Jan 31 2019, 04:26 PM) need to apply. lawyer will do for u. Great thanksdont need to pay & claim back. once approve then no need pay. |
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