SORA Showflat

When considering your future home at SORA Condo in Lakeside, understanding the purchasing process’s intricacies is crucial. This not only ensures a smooth transaction but also maximises your financial well-being. Here are key steps to aid your journey to becoming a resident of SORA Condo, a premium development in the historically rich Jurong district.

1. CPF Utilisation: Begin your journey by assessing how much of your Central Provident Fund (CPF) can be used towards your new property. Visit the CPF website (https://www.cpf.gov.sg) or a CPF branch for personalised advice about fund utilisation.
2. Loan Eligibility: Reach out to a trusted banking advisor to gauge your potential loan amount. This estimate will depend on your financial standing and the bank’s prevailing policies, giving you a clear picture of your borrowing capacity.
3. Total Debt Servicing Ratio (TDSR): Understanding the TDSR framework is vital. It restricts the portion of your income that can be used for repaying all your debts. Comprehending this will help streamline your repayment strategy.
4. Normal Progressive Payment Scheme: Familiarise yourself with this scheme, which structures your payment installments according to the stages of construction completion. This provides a clearer perspective on your financial commitments throughout the construction phase.
5. VVIP Balloting System: Knowledge of this system can give you an edge. It’s used by developers for priority booking of new launch condo units, allowing you to secure your dream unit before the public launch.

Remember, if any part of this process seems overwhelming, our team is here to help. Send us an email, and we’ll provide all the necessary information to facilitate a well-informed decision about your future at SORA Condo. Living amidst Jurong’s rich history and vibrant lifestyle has never been easier.