Kovan Jewel ~ Freehold
KOVAN JEWEL PURCHASE TIMELINE
Building Under Construction (BUC) Purchase Timeline
| Timeline | Description | Payment |
| Day 1 | Signing of Option to Purchase (OTP) upon receiving of booking fee | 5% Booking Fee |
| Within 14 Days | Developer will send the Sales and Purchase (S&P) to intending purchaser’s lawyer or intending purchaser if no lawyer is appointed | N.A. |
| Within 3 weeks from receiving S&P | Purchaser need to exercise the OTP within 3 weeks of the date of delivery of the S&P at lawyer’s office | 3% |
| Within 2 weeks from signing S&P | Purchaser need to pay the BSD and ABSD. Developer will return one signed copy of the Agreement to the intending purchaser or its solicitor | |
| Within 8 weeks from Option Date | Purchaser need to pay remaining 15% within 8 weeks from the date of the Option. Start of Progressive Payment depending on the stage of construction |
Progressive payment will be in effect according to the stage of construction.
This timeline can be earlier than stated. However, the completion date for the whole process is 8 weeks from the Option date and not the S&P date. Any delay must be requested in writing to the Kovan Jewel Developer and is subjected to approval by the Developer.
In the event that the purchaser did not exercise the S&P at the solicitor within 3 weeks, the developer is entitled to forfeit 25% of the booking fee, which is equivalent to 1.25% of the property purchase price. The remaining 75% of booking fee shall be refunded to the purchaser. The developer is entitled to sell the unit to any interested buyer thereafter.
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Kovan Jewel
Developer: Soon Lian Realty Ltd
Total Units: 34 Residential Units + 1 Shop
Tenure: Freehold
Site Area: Approx. 27,091 sq ft
Expected T.O.P.: 4th Quarter 2023
Contact
Opening Hours: 10:00AM – 7:00PM
+65 69013018
sales@kovan-jewel.com
Disclaimer: While every reasonable care has been taken in preparing this website and in constructing the models as well as the showflat, we cannot be held responsible for any inaccuracies or omissions. Materials used are for illustration purposes only and cannot be regarded as representations of fact. All information listed is subject to final inspection by relevant authorities to comply with the current code of practice and policies for the respective country.