WebDec 3, 2024 · The purpose of paying the option fee is to book or secure the unit of your choice. You will typically be asked to pay either 1% or 5% of the purchase price in exchange for the developer/seller issuing an Option to Purchase (OTP) in your favour. The remaining amounts can be paid for by a combination of bank loan, CPF and cash. WebNov 11, 2024 · Option Date; Purchase Price of the Flat; Option Fee (usually between $1 to $1,000 – decided between you and your buyer and paid to you when you grant the OTP.) Option Expiry Date (21 calendar days from the day you grant the option to the buyer. This includes weekends and public holidays.) Names and NRICs of listed owners and buyers; …
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WebNational income tax rates. 20%. Taxable income band SG$. 320,001 +. National income tax rates. 22%. A person who is a tax resident in Singapore is taxed on assessable income, less personal deductions, at the above rates for the 2024 assessment year (income from the 2024 calendar year). Personal deductions are granted to individuals resident in ... WebYou will have to pay an option fee when you book a flat. The amount payable is based on the flat type booked. Flat Type Option Fee; 4-room and bigger: $2,000: 3-room: $1,000: 2-room Flexi: $500: The option fee will form part of your downpayment. ... If the applicant/ occupier is not in Singapore, he/ she may complete the undertaking and arrange ... phineas chair
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WebMar 13, 2024 · To receive the OTP, you will have to pay an option fee that costs anywhere between $1 and $1,000. This amount is discretionary and will be decided between you and your seller. Your seller is not permitted to offer their flat to any other prospective buyer after they have granted you the OTP. WebCommissions Options Asia-Pacific Interactive Brokers LLC Interactive Brokers' commission schedules for stocks, options, futures, futures options, SSFs, spot currencies, metals, … WebJan 3, 2024 · Booking Fee: This amount is known as the option fee as well. When you book the flat, you need to pay S$2,000 to reserve the HDB unit away from others looking to buy it. It reimburses and helps complete your … phineas cast