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Executive Condo?
Hello everyone, I’m currently in my late late 20s and am currently looking into getting my first EC. Like to seek the expert’s advice on the following.
1) How should I start? Proceed to the show flat?
2) what is “direct developer sales team, no commission”
3) What to look out for in general
4) Lastly, it seems like I am able to financially afford it, but are there any hidden fees other that the home loan itself?
Thank you all!
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1) How should I start? Proceed to the show flat?
start finding out how much loan you can get first.
Start working out how much CPF OA and Cash you are able to come out with to buy the house.
If need help, i can walk you through.
2) what is “direct developer sales team, no commission”
Developer appoint real estate agency(propnex, era). All of the agents under this agency are "direct developer sales team".
You don't need to pay commission as all agents that you choose to buy through will get paid by the developer.
3) What to look out for in general
Unit type.
Layout type
Facing of the unit.
Compass direction of the unit.
Open or closed concept kitchen
Bedroom type
Floor Level analysis
4) Lastly, it seems like I am able to financially afford it, but are there any hidden fees other that the home loan itself?
Stamp duty (about 3-4%, depending on the price of the house)
Legal Fee (about 2.5k)
Fire Insurance (About $200)
If you need help in all of these, let me know at 91085690 and i can walk you through the entire process.