Getting Ready to Purchase a New Launch

Process of buying a BUC

(Booking Fee / Option Issued)

Timeline for Buying Resale Private Property

Buyer gives option fee (1%)
& Offer to Purchase

Expiry of the option
to Purchase (OTP)

*Payment of Stamp Duty
(3% – $5400)

^Completion of


*The expiry date of the OTP ends at 4 p.m.

The buyer has to confirm his loan approval with the bank before signing on the OTP.

Documents needed:
1) Notice of Assessment (NOA)
2) 3 months’ payslips
3) CPF statement


Ensure that to sign the acceptance portion of the OTP.

Before selling, ensure to clarify the minimum time the bank needs to settle the loan