HOW TO BUY AND RENT
BUYING GUIDE
| Step 1: | Work with a professional estate agent. Some criterias to consider:
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| Step 2: | Discuss with the estate agent of your property criterias such as property type, location, price range, facing direction, house condition, safety and security, purpose of purchase, potential of location, recently transacted properties and prices, traffics and access roads, amenities around the neighbourhood and etc. |
| Step 3: | Consult a lawyer/ solicitor that is well versed in the buying process and paper work. Obtain an indication from the lawyer/ solicitor as to when is the best estimated time to engage them officially. |
| Step 4: | Work closely with your estate agent in scouting for your property. |
| Step 5: | Once a property is found, the estate agent will assist to negotiate in arriving to an agreed purchase price. With that, the buyer will make an earnest deposit of 3% of the purchase price to secure the property. |
| Step 6: | Within 14 working days, the Sales & Purchase Agreement ("SPA") must be signed by the buyer and upon signing, the remaining balance deposit of 7% of the purchase price must be made. |
| Step 7: | The remaining 90% of the purchase price must be paid within 3 months from the date of SPA is signed. An extension of 30 days will be provided if necessary but with an interest rate of approximately 8% per annum. |
| Step 8: | Once all payment had been made and all related documents are finalised, the property will succesfully be transferred to the buyer. |
RENTING GUIDE
| Step 1: | Work with a professional estate agent. Some criterias to consider:
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| Step 2: | Discuss with the estate agent of your premise criterias such as property type, location, rental rate, fully or partial-furnished, safety and security, traffics and access roads, amenities around the neighbourhood and etc. |
| Step 3: | Work closely with your estate agent in scouting for your premise. |
| Step 4: | Once a premise is found, the estate agent will communicate with you and assist to negotiate in arriving to an agreed rental rate. With that, the tenant will make an earnest deposit of one (1) month to secure the premise. |
| Step 5: | Upon signing of Tenancy Agreement and prior to handling over of premise, the tenant has to pay balance of amount due such as:
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| Step 6: | Handling over of Premise to Tenant. |