URA allows electronic payment for booking fees, deposits of property purchases

The Controller of Housing (COH) has given permission for digital payments to be utilized for the purchases of properties in the primary market. This will include the payment of deposits or booking fees.

Developers have to deposit the money to the project account of the development they are marketing, after they have received the payment.

The standard sale forms, namely the Option to Purchase (OTPs) and Sale and Purchase Agreement (S&P), have to be issued to the buyers.


Source: https://www.edgeprop.sg/property-news/ura-allows-electronic-payment-booking-fees-deposits-property-purchases

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