Purchase Timeline
Residential Purchase Timeline
| S/No. | Timeline | Description | Payment |
| 1. | Day 1 | Acknowledgement of the Option To Purchase (OTP) upon receipt of Booking Fee | 5% Booking Fee (of purchase price) |
| 2. | Within 6 calendar weeks from OTP date or S/No. 1 | Sales & Purchase Agreement (S&P) will be sent to the purchaser’s appointed solicitors (upon HDB approval) | N.A. |
| 3. | Within 21 days from S&P date or S/No. 2 | Purchaser to exercise S&P | N.A. |
| 4. | Within 14 days from Exercising S&P | Purchaser to pay Buyer’s Stamp Duty (BSD) | Refer to Stamp Duty Page |
| 5. | Within 21 days after Exercising S&P (i.e. 7 days after paying stamp duties) | Purchaser to pay remaining 15% downpayment + any other progressive payments. Loan may be disbursed at this point if purchaser is taking NPS. | 15% + Further Progressive Payments (if applicable) |
Timeline stated may be earlier than stated. Standard completion timeline of 8 weeks occurs from OTP date. Any requests in delays must be written in to the developers of OLÁ, and subjected to approval.
For further progressive payments (as pointed out in S/No. 5), kindly refer to payment scheme.
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