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 About MOC/MOT

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DrLimYG
post May 16 2017, 12:17 PM

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Joined: Feb 2014
QUOTE(hanhanhan @ May 8 2017, 04:16 PM)
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if your SPA is under HDA, then

350k x 1%

then minus 30%

then minus 75%

MOC legal fee also follow the same structure - if under HDA then minus 25/30% depend how much is ur loan.
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Consulted lawyers, the "minus 30%" discount for transaction under HDA only applicable to legal fee for New SPA (direct from developer or Subsale), and New Loan agreement (LA). Say for owner who has already enjoyed the 25%-35% HDA discount on legal fee of SPA and LA, when time for MOT later (when strata title came out), the HDA discount no longer given to legal fee on MOT and MOC, if using same SPA lawyer then the "minus 75%" (meaning 25% of full scale rate) is applicable.

also, the S.19A in Strata Titles Act - 30 days deadline to execute the transfer of strata title (from the date of notice of transfer given by developer) is no longer valid after the Strata Titles Amendment Act 2016 came into force, S.19A is deleted.

This post has been edited by DrLimYG: May 16 2017, 12:28 PM

 

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