Dear Maggie,
Just to clarify further for what have been shared by others. If you are buying a completed unit either from developer or secondary market, normally you are given 3 + 1 months to settle the remaining 90% upon signing the S & P. After the 3 months, interest will be charged on daily basis based on a certain rate which is normally 8-10%. After 3 + 1 months, it is the vendor discretion whether to forfeit the transaction which the purchaser will lost the 10%. Strictly speaking, 3+1 months commences after the relevant consents either from the developer or land office has been obtained.
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