UNION PROPERTIES 友联产业
Contract Process (To Purchase)
Step 1
ENQUIRY

Contact a reliable real estate agency to get more information on available properties.

Union Properties provides free consultation to help our client to find their ideal property. Welcome to drop in to our office. Enquiries by phone, fax, and email are welcomed. 

*Providing basic requirement of you in advance and the agent will put effort to fulfilling your request.
1)budget,
2)preference property type,
3)area,
4)quantity of bedrooms
5)else
Step 2
VIEWING

The agent will provide a few suitable properties for your consideration and make arrangement for the viewing of the properties that are of interest to you.
* Please bear in mind that there may be time restrictions for properties that are not vacant or are managed directly by the owner.
*You should check the facing direction of the unit as well as the building layout to suit your expectation.
*Please do not hesitate to ask your agent during viewing.

Step 3
BOOKING THE PROPERTY

Reserve the property by paying a sum of earnest money of the purchase price. A ‘Booking Form’ will need to be signed by purchaser upon the payment.

*After signing booking confirmation letter, purchaser is advised to ensure they sign the loan and SPA agreement within 14 days to prevent forfeiture of earnest money
(You could actually obtain approval prior to booking if you are unsure of your loan eligibility.)

Step 4
LOAN APPLICATION

You may apply housing loan with bank or any financial institution. Document as the following is needed for your application.
1)IC
2)Passport / Working Permit / PR (if any)
3)3 months payslips or Company Registration form (form 24 &49/SSM)
4)Latest Income Tax ( Borang B/ EA / iR8A / Notice of assessment)
5)3 months personal bank statement or 6 months Company Bank Statement
6)Booking form & Title

Step 5
SIGNING THE LOAN AGREEMENT

After confirming your loan with your end-financier, you are to sign the loan agreement with the end-financier’s panel of solicitors and make the payment for the legal fee charged on the approved loan amount.

Step 6
SIGNING THE SALE & PURCHASE AGREEMENT

To sign Sale & Purchase Agreement (SPA), you are required to settle the difference of the purchase price and approved loan amount.
If you are buying the house jointly, your co-purchaser should also sign the SPA at the same date
After signing SPA, you are required to pay the stamp duty and disbursement fee to the solicitor who prepares the SPA, for the transfer of the individual title to your name or your co-purchaser, if any.
Once full payment has been made you will have right to the vacant possession of the property.