What You Need to Know About Balloting Process
After you learned about the Normal Progressive Payment Scheme, it’s also good to know about the balloting process. Buyers have the opportunity to preview the condo units of their preference prior to the launching. When the right time comes, interested buyers are provided with an option to register for a non-obligatory accommodation.
Once you have registered, you now become eligible for the balloting process before the actual launch so you will have a greater chance to get a hold of your desired condo unit and not to be left behind. More often than not, discounts are given to early purchasers on the day of the launch.
You will be asked for some important documents before you can register for the balloting process and these are:
- NRIC Copy of the Registrants.
- Filled out and signed Expression of Interest Form.
- A cheque to be addressed to the project account developer.
In cases that you don’t want to purchase the condo unit anymore, you will get to receive the documents back in full.
The ballot system requires the developer to draw the ballot numbers from a ballot box. As each numbers are called, the buyers with their ballot numbers announced will proceed to the sales reception area to select their preferred units.
You may also want to know about buying a resale condo in secondary market.