Asked by Anonymous
I am buying a house valued 1.3M, under construction, taking 70% loan. amounting to 910K, balance, 390K I wanted to pay cash, developer give 5% discount and under HOC, I get 10%, total discount about 190K , balance 200K I need to pay cash. The house is 10% completed, developer asking me to pay 200K upon SAP signing, which I am confused, 10%+5% discount should cover this ? and I can pay another 10% when the progress is reached to 20%, and 10% more when reached 30%, then bank take over (loan approved) , should I pay the 200K when signing the SAP ?
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