We may often be advised by our parents that we should avoid excessive borrowing as this would create extra financial burden in the future.
標籤: First-hand Property
Delivery of Possession of First-hand Property: Occupation Permit VS Certificate of Compliance
What is an Occupation Permit? What is a Certificate of Compliance? How do they affect property developers’ delivery of possession?
What is a bank’s stress test?
To avoid excessive lending that could lead to a housing bubble, the government has introduced a stress test.
What should buyers pay attention to when buying an uncompleted flat?
Staged payments are generally provided in new properties, but mortgage payment installments can also start immediately. The advantage of opting for immediate mortgage installment payment is the buyer can enjoy a higher discount from the developer, but the former needs to start repaying the mortgage loan even before the property is ready for occupation.
What are the procedures when buying a new flat?
The law requires developers to issue sales brochures at least 7 days before the start of sales of flats in a new project to ensure homebuyers have sufficient time to scrutinise essential pieces of information relating to the property, including its location, estimated completion date, floor plan and size of flats.