Step 1 — Know your numbers
Before you start visiting showrooms, get a clear picture of your DSR (Debt Service Ratio). Banks typically cap this at 60–70% of gross monthly income. The cleaner your CCRIS report, the better the spread you'll be offered.
Step 2 — Get pre-approval
A bank pre-approval letter (LO) tells agents you're serious and gives you 60–90 days to find the right home. It's free — there's no reason not to have one in hand.
Step 3 — Shortlist with intent
- Stick to your top 3 location filters
- Visit at different times of day (morning vs evening traffic tells a story)
- Check title type (freehold vs leasehold) and any restrictions on the title
Step 4 — Make an offer and sign the SPA
The Sale & Purchase Agreement is the legally binding contract. Always have a lawyer review it before signing — never rely on the developer's in-house lawyer alone. A second pair of eyes is the cheapest insurance you'll buy in this transaction.