17 Feb '14, 6am

Modest rise in private home sales - Property Auctions News, Property Investment | PropertyGuru

According to URA, prices, as well as the number of units sold during the month, are based on the Option-to-Purchase issued by developers to buyers. An Option-to-Purchase is a right or option given by the vendor to an intending purchaser to buy the property at a specified price within a specified period of time - the validity period of the option. The intending purchaser must pay a booking fee of between 5 – 10 percent of the agreed price for this right or option. The purchaser has to exercise the Option-to-Purchase within its validity period if he decides to buy the property.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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