Normally within 30 days, private purchase contracts are exchanged. At this stage your legal representatives will be required to hand over your first instalment of funds, usually anything from 10% to 50% of the purchase price. During construction, some developer’s payment terms require further payments to be made. Again, your lawyer will advise when these instalments are due.

The takeover date can be up till 2 month from your visit if a resale property has been purchased and up till 18 month if an off-plan property has been acquired.

On the day of completion, the balance of the purchase price is paid. After inspecting the property you or your lawyer will sign the title deeds for the property in the notaries’ office, and the keys and the final payment are exchanged.