How much is the repayment and preparation for a 1 million property

For a property priced at $1 million, the first payment comprises 20% of the purchase price, which includes any booking fee already paid. This amounts to $200,000. Subsequent payments are based on the progress of the construction.

For the preparation of a new Sale and Purchase (S&P) agreement, the developer is entitled to charge the sub-purchaser $200 in administrative fees and $200 for the preparation of the new S&P agreement.

Closing statement: Understanding these costs can help you better prepare for your property purchase.