is presign spa, mean once loan approved and letter offer signed, lawyer will stamping the SPA and apply for hoc

Non stop bla bla bla, is 8 pcs presign SPA . After loan approve and buyer accept the bank offer, only will proceed with Full-set SPA, stamping and apply HOC.

Is presign spa, just sign 8 pcs of total SPA agreement, that to make sure developer have time to apply hoc as soon as possible. After loan approve, developer will prepare the SPA theb stamping and apply for hoc ,is not before loan approve, already sign SPA . Need to know term in between pre sign and sign SPA,is totally different, this is just a procedure, even after loan rejected, buyer no need to pay any penalty fee