Purchase Timeline

Purchase Timeline

The Chuan Park Purchase Timeline

The Chuan Park | Purchase Timeline

Building Under Construction’s Purchase Timeline

TimelineDescriptionPayment
Day 1Signing of Option to Purchase (hereinafter called “OTP”) upon received of booking fee.5% booking fee
Day 1 + Within 2 Weeks**Sales & Purchase Agreement (hereinafter called “S&P”) will be sent to Purchaser’s appointed law firm or to Purchase if no law firm had been appointment.N.A.
Within 3 Weeks from receiving of S&P**Purchaser to sign the S&P at the appointed law firm and prepare payment of Buyer’s Stamp Duty (hereinafter called “BSD”) and Additional Buyer Stamp Duty Fee (Hereinafter called “ABSD”), if applicable. Law firm will receive a signed copy from Developer within 2 weeks.
Within 2 Weeks from signing of S&P**Purchaser to pay BSD and ABSD (if applicable) within 2 weeks from signing of S&P.If Purchase Price is $1 million or below = BSD [(3% * Purchase Price) – $5,400] + ABSD (if applicable)
OR
If Purchase Price is $1 million or above = BSD [(4% * Purchase Price) – $15,400] + ABSD (if applicable)
OR
If Purchase Price is $1.5 million or above = BSD [(5% * Purchase Price) – $30,400] + ABSD (if applicable)
OR
If Purchase Price is $3 million or above = BSD [(6% * Purchase Price) – $60,400] + ABSD (if applicable)
On the 8th Week from Day 1Purchaser to pay remaining 15% downpayment + further Progressive Payment (if applicable)15% + Further Progressive Payment (if applicable)

** This timeline can be EARLIER than stated. However, the Completion Date for the whole process is EIGHT (8) weeks from OTP date and not S&P date. Any delay must be requested in writing to the Developer of The Chuan Park and is subject to approval by the Developer.

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