Sunday, March 24, 2013

BTO - Signing of Agreement for Lease



The signing of Agreement for Lease of our flat came and went. As Dearie was not around on the appointment date, he got to appoint a Power of Attorney (PA) to execute on his behalf. So we went to the law firm a day before he flew to get the PA sorted out and this procedure cost us $200 boo!

It was so upsetting cause HDB does not allow us to delay the signing of this lease till when Dearie's back, and they would deemed us as giving up our chance if we did not go down on that day. How smart ey?

So anyway I went down, together with his mum, and went through all the signing of papers myself. And that's a lot!!! After signing the papers, the officer went through the payment process with us, we made use of the staggered downpayment procedure and paid our first 5% downpayment, so my CPF is actually $9k poorer after the deduction. So grateful for our housing grant!!

So yeap, it's all done and there's no need to go down to HDB again till the collection of keys yea! Meanwhile, cant wait to see it being constructed. Estimated completion is 2019 but the officer told me to prep myself that it might be ready in around 2017/18, which is not too far away! O.O

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