For new launches, there is a VVIP Preview date. It is a special invitation extended to interested buyers before the actual public launch, and generally these buyers enjoy discounted rates and get to select the choice units. After the 1st batch of units released is sold out, the developer will gradually raise the price for each subsequent batch of unit released.
There is NO OBLIGATION to buy if you feel the price is too high, or decide to back out at the last minute. This is merely an expression of interest, and you are not legally bound to buy a unit.
The reason you should take part in the VVIP Preview is to select your choice unit(s) before anybody else, and be the first in the line to purchase it when it opens for VVIP booking. If you are unable to make it down on the booking day, you can also fill up an authorisation form to let someone select the unit(s) on your behalf.
A quick summary of the process is as follows:
1) Both me and my partner will meet up with you to help you to select your stack (unit #), and the unit type (2,3,4br, PH etc.), as well as go through this project details with you.
2) You will submit a blank signed cheque and fill up a quick form, as well as provide a photocopy of your NRIC for registration. Do not worry, as the cheque will not be dated and there will be no amount written on it. It is simply for entry into the showflat for VVIP Preview to filter out non-serious buyers.
3) If you know of any bankers, you can also proceed to do an in-principle loan approval. Alternatively, we can also refer some bankers to you.
4) On the booking day, or when the price is released, you can decide whether to go ahead with the booking of a unit. If you decide to go ahead, a 5% booking fee (cash) will be required to be made. If you are not free to be at the showflat, we can be authorised to book the unit(s) on your behalf.
First loan
5(i) The balance 15% of the downpayment (cash/CPF) needs to be made 8 weeks after the booking date, at your lawyer’s office. There will also be a buyer’s stamp duty fee (3% of purchase price – $5,400) payable as well.
Second loan
5(ii) The balance 15% of the downpayment (5% in cash, 10% in cash/CPF) needs to be made 8 weeks after the booking date, at your lawyer’s office. There will also be a buyer’s stamp duty fee (3% of purchase price – $5,400) payable as well. 6 months after the piling work begins, 10% (cash/CPF) is required to be paid, and another 10% (cash/CPF) another 6 months after that.
For any questions/clarifications regarding the booking process, do give us a ring at 96772554 / 93886749 or just fill in the form under "Contact Us / Register" and we will get back to you as soon as we can.
*Please be informed that all the information stated in this blogspot is subjected to change without prior notice. For latest updates, do give us a call for more information. We will do our best to provide assistance to your enquiries.
