The procedures to buy an DBSS (Design, build and sell scheme) from the private developers:
- With CPF Housing Grant
- Without CPF Housing Grant
With CPF Housing Grant
- You will submit the completed DBSS application form and the prescribed application form for the CPF Housing Grant for DBSS directly to the developer when you book a unit with them.
- For the application for CPF Housing Grant, please submit all supporting documents to the Developer within one week from date of booking of the DBSS unit. If the developer does not receive the full set of supporting documents as required within the one week deadline, we will not be able to process your application for the CPF Housing Grant in time for the downpayment.
- After you have booked a DBSS unit, you must complete and send the CPF Withdrawal Form RPS/1A (Residential Properties Scheme) directly to the CPF Board for their processing. This is to allow you to use your CPF money or the CPF Housing Grant, or both, for the payment of your DBSS unit.
- You will have to pay a booking fee of 5% of the purchase price of the DBSS by cash/cashier's order or by cheque in exchange for an Option to Purchase.
- If you qualify to buy an DBSS, you will sign the Sales and Purchase Agreement with the developer. Buyers are required to pay the balance of the downpayment for the DBSS unit within eight weeks to nine weeks from the date of the Option to Purchase. The balance downpayment can be paid from CPF funds. The CPF Housing Grant, if applicable forms part of the CPF monies and may be used to pay the balance downpayment. Legal fees and stamp duties may be paid using cash, or CPF monies.
- You are advised to engage a solicitor to handle the conveyancing matters, arrange with a bank for financing, and check with CPF Board on the use of your CPF money to pay for the DBSS. If you're using HDB loan, HDB will engage their own laywer
- You will have to pay a booking fee of 5% of the purchase price of the DBSS by cash/cashier's order or by cheque in exchange for an Option to Purchase.
- If you qualify to buy an DBSS, you will sign the Sales and Purchase Agreement with the developer and pay the balance of the downpayment within eight weeks to nine weeks from the date of the Option to Purchase. The payment can be in cash, CPF or both.
- You are advised to engage a solicitor to handle the conveyancing matters, arrange with a bank for financing, and check with CPF Board on the use of your CPF money to pay for the DBSS. If you're using HDB loan, HDB will engage their own laywer
- Call now for an presentation
Please call or SMS for 1st hand informations and update
Developer Sales Team
Project Specialist
Mobile: +65 9789 8186
Email to Josephine.khiew@gmail.com