Asked by Anonymous
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.
272 views