Hi all,
Congrats on the TOP of Park Green. I am one of the owner of Nuovo and guess all of u all must be pretty excited to have the "first" look at ur pad for the next 5 yrs, at least.
Just wanna share info here, hope u all dun mind.
Maintenance fees is calculated as from TOP, if i am not wrong.
If you wanna take the keys asap, you could give the cheque of the ,Stamp duty, Maintenance Fees and survey fees to the lawyers first. The maintenance and survey fees should be standard for all units. So that when ur lawyers received the notification, they can straight away send ur cheques out. The keys collection is not dependent on the drawdown of the loan, but on the stamp duties, maintenance and survey fees.
For those applying to pay the Stamp duty from the CPF, you can do the application now, without knowing the amt. This will help to save some time. You need the approval from the CPF board and ur bank. Normally in this case, the bank would want you to reverse the first charge to them. This is pretty common. Different banks charge different amt of admin charges. This is neg !! Depends on self skill in negotiation. Hee.. !! Normally when all these are cleared, then development will ask u to collect the keys, depending on how many teams allocated, and time slot, per day.
Why i ask those who wants to use CPF to pay for the Stamp Duties to apply first is because upon receiving the letter to pay the stamp duties, you have 14 dyas tp pay up, if not, penalty kicks in. Penalty is per day.
Hope these little infos helps in you success in having a fuss free time in collecting the keys and your dream home.