What are the available units in the Balance Units Chart (BUC) for projects launching soon?

When considering Building Under Construction (BUC) properties in Singapore, here are some key points to note about the available units and the process:

Types of BUC Properties

BUC properties include residential condominiums, commercial buildings, and mixed-use developments. These properties are sold at various stages of development, from the land purchase phase to near completion.

Stages of Purchase

• Booking Fee: You can book a unit with a downpayment, usually 5% to 20% of the purchase price, in cash or CPF savings.
• Option to Purchase (OTP): After booking, you will receive an OTP, which you need to exercise within a specified period (typically eight weeks) by signing the Sales and Purchase (S&P) agreement.
• Construction Progress: Payments are made in stages aligned with the construction progress, such as upon receipt of the Temporary Occupation Permit (TOP) and the Certificate of Statutory Completion (CSC).

Benefits and Considerations

• Early-Bird Discounts: Developers often offer discounts for early buyers.
• Modern Amenities: BUC properties typically feature contemporary architectural designs and modern amenities.
• Wider Unit Selection: Buyers have a broader choice of units compared to resale properties.
• Lower Maintenance Costs: New properties generally require less maintenance initially.

Financing

BUC loans are designed to match the phased nature of construction, with loan disbursements made at different stages of the project. This includes lower initial monthly instalments and the potential for capital appreciation as the property value may increase by the time of completion.

To find specific BUC units available for purchase, you can check the latest property listings on EdgeProp Singapore, which provides detailed information on new launches, pricing, and other relevant details.