Common Abbreviations of Property Purchase

Details: Written by Property65 Team; Category: Property Buying FAQ; Published: 11 May 2020; Hits: 1622

Property Buying FAQ

Common Abbreviations of Property Purchase

OTP - Option to Purchase
S & P - Sales and Purchase Agreement
BSD - Buyer's Stamp Duty
ABSD - Additional Buyer's Stamp Duty
SSD - Seller's Stamp Duty
TOP - Temporary Occupation Permit
CSC - Certificate of Completion
LTV - Loan to Value
TDSR - Total Debt Servicing Ratio
MSR - Mortgage Servicing Ratio
Tenure - Loan period of Years
CCR - Core Central Region of Singapore
RCR - Rest of Central Region Singapore
OCR - Outside Central Region Singapore
AV - Annual Value of Property
BUC - Building Under Construction
MCST - Management Corporation Strata Title
Caveat - A caveat is usually lodged by the purchaser to protect his/her interest soon after an option to purchase a property is exercised or a sale/purchase agreement is signed.

*Call Us for In-depth Explanation of each Terms

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