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Thread: Buying a new/resale condo

  1. #1
    Join Date
    May 2009
    Posts
    3

    Default Buying a new/resale condo

    Can anyone advise me on the payment terms of new condo and resale condo? Whats the difference between the payment terms of these 2 types of property? Tks.

  2. #2
    Join Date
    Apr 2009
    Posts
    171

    Default

    New and under construction condo - ur instalments depending on stages of the construction progress
    Old condo - Upon bank disbursement, you will pay the instalment amount on the loan disbursed

  3. #3
    Join Date
    Dec 2008
    Posts
    3,721

    Default

    resale - full bank loan kicks in, you can move in
    new/under construction - progressive payment, wait for TOP

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