Acting for Buyer
- Advise you on the terms and conditions of the OTP
- Conduct title search on the property to confirm the intending seller’s ownership and to make sure the seller is not a criminal or an undischarged bankrupt
- Should buyer decide to use their CPF to pay for the property, the conveyancing lawyer will advise on the procedures and help to liaise with CPF on behalf of the buyer
- Remind the buyer on the expiration of the OTP and on the date of the OTP is exercised, to make sure that the option is exercised for a valid and binding contract for the purchase of the property
- Sending out of legal requisition to various government agencies to ensure your property will not be affected by future changes in government plans e.g. LTA, BCA and NEA
- After completion, the lawyer will do a search to ensure the necessary details are updated and send out notices to IRAS property tax dept and MCST. The lawyer will then handover the keys to the buyer
Acting for Buyer
- Prepare the Option to Purchase (OTP)
- Check to see if there are any outstanding liabilities and to inform seller of potential penalties that needs to be paid after notifying the bank
- Provide evidence to the seller to show the buyer that all MCST, Property Tax dues are all paid up to date
- Ascertain if the sales of the property come with furnishings or tenancy agreement.
- During completion, the seller’s lawyer will ensure that all amount due and payable to the seller and any third parties are accounted for and keys to be properly handed over to the buye
| Purpose | HDB | Private Property |
|---|---|---|
| Home Purchase | $1,788 | $2,488 (2mil & Below) |
| Sale of Property | $1,400 | From $2,000 |
| Refinancing | $1,500 | $1,800 |
| Net Fee (Includes GST & Stamping Fees) | ||
OR