Yeap the redemption statement will have different amounts depending on the date due to the fact that you would be paying your installments each month before the redemption, the actual loan-outstanding that you have with the bank will differ as you move forward

What you stated sounds out of the norm, you should probably get the bank to explain on why the redemption amount is increasing rather than decreasing.

If you're selling your house, you need not worry about the settlement amount. The lawyer will request for the redemption statement on the final amount that needs to be paid off to your current bank that you still owe money to.

The amount is increasing because the longer you take to settle, the amount including interest will be higher. It makes sense right? Don't tell me u expect to pay less the longer you drag?

Where did you get the info on the 3% being retain?

As prescribed by law, the purchaser's solicitors are required to retain 3% of the purchase price from the deposit and remit the same to the Inland Revenue Board within sixty (60) days from the date of the sale and purchase agreement to meet the RPGT payable.

In instances where the consent of the State Authority is required to sell the property to a purchaser and/or charge the property to a financial institution, or a court order for sale is required to dispose of the property, remittance of the 3% of the purchase price may be deferred until such consent or court order for sale is obtained.