Hey Guys, It's been a couple of years since I last made a property purchase and was recently tempted to make another purchase. However, I can't quite recall when to make certain payments.

I do remember 2-3% deposite upon booking. However

1. When do you pay the balance 7-8%? Is it after loan approval? - yes loan approved / S&P signed
2. When do you start servicing the loan? After key handover? - this between you and bank, only after bank fully disburse the money
3. When do you start paying for the legal fees and tax? - from start of process to lawyer, upfront cash all
4. Any other items to pay during this transaction period? - new or old property?

Was trying to plan out when to release some funds to make a purchase, and would really appreciate the help from the sifus here

Hey Guys, It's been a couple of years since I last made a property purchase and was recently tempted to make another purchase. However, I can't quite recall when to make certain payments.

I do remember 2-3% deposite upon booking. However

1. When do you pay the balance 7-8%? Is it after loan approval?
2. When do you start servicing the loan? After key handover?
3. When do you start paying for the legal fees and tax?
4. Any other items to pay during this transaction period?

Was trying to plan out when to release some funds to make a purchase, and would really appreciate the help from the sifus here

1. During tbe signing of SnP.

2. Progressive interest b4 full disbursement and monthly instalment after full disbursement.

3. Depends on agreement with your lawyer. Taxes are paid upon notifications by the authority through the lawyer.

4. Valuation fees and apportionment of local authority charges, building ( maintenance) and govt property services (IWK), if applicable.

hi.. do you mind elaborating on the govt property services (IWK)?
TQIA