QUOTE(GGSC27 @ Feb 4 2019, 01:31 AM)
damn gonna sign my spa this month,
still unclear over this
10% discount for new project or unsold units?
waiver for stamp duty include MOT?
Direct from developer? Better check if the developer is registered for this HOC programme. If yes, then waiver for MOT and Legal Fees' stamp duty (legal fees must pay to lawyers as normal, just the stamp duty on these legal documents are exempted. Usually about 0.5% of S&P price).
For 10%, developer will usually increase the price and then offer rebates or discounts. But under this initiative, it mentions all prices will be checked and regulated by REHDA. It has to include before and after prices. Hope this is properly enforced and executed. LGE wants developer to offer more than 10% discount. This may make it cheaper than launch price.
When first time home buyer MOT exemption was announced, alot of buyers cancelled their booking and resigned so that it meets the start date. Don't worry it is a norm.