What is BUC?

In the context of Singapore real estate, "BUC" stands for "Building Under Construction." This term refers to properties that are still in the process of being built and are available for purchase before they are fully completed.

Key Points about BUC Properties

• Types of Properties: BUC properties include residential condominiums, commercial buildings, and mixed-use developments.
• Purchase Process: Buyers can purchase these properties at various stages of development, from the land purchase phase to near completion.
• Developer Reputation: It is crucial to research the developer's reputation and track record, as BUC properties are typically developed by private companies, unlike HDB's Build-to-Order (BTO) flats which are developed by the government.
• Financing: BUC properties are financed through Building Under Construction (BUC) loans, which have unique features such as the Progressive Payment Scheme. This scheme aligns payments with construction milestones, allowing buyers to make payments as the project progresses rather than paying the full purchase price upfront.
• Payment Schedules: The payment schedule includes stages such as the booking fee, option fee, and subsequent payments tied to construction milestones like the issuance of the Temporary Occupation Permit (TOP) and the Certificate of Statutory Completion (CSC).
• Market Dynamics: The value of BUC properties can appreciate over time due to factors like infrastructure development, market demand, and overall property market trends.
• Loan Structure: BUC loans typically offer floating interest rates and can extend up to 35 years, with an initial interest-only period. The Loan-to-Value (LTV) ratio for BUC loans can go up to 75%, requiring buyers to prepare at least a 25% down payment.

Using the EdgeProp Singapore app, you can find detailed listings of BUC properties, along with their development information, commute timings, and other relevant details to help you make an informed decision.