To avoid excessive lending that could lead to a housing bubble, the government has introduced a stress test.
標籤: First-hand Property
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.
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.
What is an Occupation Permit? What is a Certificate of Compliance? How do they affect property developers’ delivery of possession? In this article, we will respond to these questions.