ASKING SEAN #074 | CONSTRUCTION NEED TO PAY INTEREST?

In this episode, we will discuss about the interest that buyers need to pay during construction stage. Many may think that they only pay the initial down payment and nothing else until they get their keys which is totally inaccurate.  There used to be this scheme by the developers known as DIBS (Developer Interest Bearing Scheme). But it was taken out as a measure to prevent property bubble back then.  This is great question, as well as a great reminder to new purchasers.