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Hi, I am interested in a high rise unit still under construction and only complete in 2024. I was told by the agent the step to purchase is to book the unit first with a booking fee then next will draft SPA for me to sign before apply for bank loan. From what I understand from different article or online source, I should not sign SPA until bank has an outcome if reject or approve how much margin. What if SPA is signed and loan margin is very low, meaning need to fork out more downpayment in cash, can I still cancel the purchase? Please advise.
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1 Answer

Ryan Lee
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Actually if you place booking fee, you just need to sign booking form or option to purchase, need no to sign any SPA, because SPA only signed after you secure loan thru booking form, you still hold responsibilty after you sign SPA, they will pursue you according to T&C inside the SPA. So please take precaution. Feels free to whatsapp me Ryan at wa.me/60169862629 for more infos. Thanks. Read More
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