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Home Financing

Asked by Jonn 7 Aug 2012

I just bought a condo, can I know when do I need to pay the downpayment of the 20%? Is it immediately after signing of SPA, or base on the progress of the contruction of the condo?

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David Wong Lai Kwong · Answer 1 · 2012-08-07T19:20:53+08:00

David Wong Lai Kwong

Replied 7 Aug 2012

Hello Jonn,
Usually a buyer pays the 10% downpayment (inclusive of earlier booking fee)upon signing the SPA. The next 10% payment will be due according the schedule of payment in the SPA provided you are eligible for 80% loan.
David Wong
Principal
QUANTUM real estate
+60193330573 Read More

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