DIBS - Developer Interest Bearing Scheme
This is a very common strategy developer use to market their product nowadays. It is something good to the purchaser as well, as it provide the purchaser longer time to save money while the property still under construction.
It is not something "standard" in property transaction, therefore we need to be aware of the "terms and condition" tied to this scheme.
As mentioned above, the scheme is not part of the standard HDA contract, therefore you need to pay particular attention when sigining the agreement to avoid billshock when you sell your property.
It is not something "standard" in property transaction, therefore we need to be aware of the "terms and condition" tied to this scheme.
As mentioned above, the scheme is not part of the standard HDA contract, therefore you need to pay particular attention when sigining the agreement to avoid billshock when you sell your property.
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