Also known as BUC, this refers to property that is normally sold off the plans while the physical building is still under construction. For such properties, the Temporary Occupation Permit (TOP) and/or Certificate of Statutory Completion (CSC) have not yet been issued. If you had purchased a BUC property, you will have to make payments to the developer based on the following work schedule:

Whether you have purchased your property for personal lodging, investment purpose, or rental income, your key concern should be to have the power to own a property with the least cash outlay possible at any given time. Having made this decision, your chief consideration should be to sniff out a golden opportunity and capitalise on it by securing a housing loan first. It is important that you secure an advantageous mortgage package while the banks are dishing out all the goodies. Low rates mean more savings, which translates to clearing your housing loan in lesser years.

Your property may have enjoyed an appreciation in value and while the value can still be supported, it is prudent to lock in a housing loan so that you do not have to fork out any more cash than you had originally anticipated. With valuations falling, it would be wise to consider securing a housing loan for your property soonest, especially when valuations can still support your loan at this point of time. A loan application costs nothing but means everything when the valuation falls below your purchase price. Lock in your housing loan today with the best package in town structured specially for you and have a peace of mind knowing that your investment is secure!

Just like buying a completed residential property, you need to obtain a pre-approved loan prior to committing to any purchase. [I need to know more about the Pre-Approved Loan]

If you have already bought a residential property under construction, you may wish to go to [NEW HOUSING LOAN].