Common Abbreviations of Property Purchase
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Common Abbreviations of Property Purchase
| OTP - Option to Purchase S & P - Sales and Purchase Agreement BSD - Buyer's Stamp Duty ABSD - Additional Buyer's Stamp Duty SSD - Seller's Stamp Duty TOP - Temporary Occupation Permit CSC - Certificate of Completion LTV - Loan to Value TDSR - Total Debt Servicing Ratio MSR - Mortgage Servicing Ratio Tenure - Loan period of Years CCR - Core Central Region of Singapore RCR - Rest of Central Region Singapore OCR - Outside Central Region Singapore AV - Annual Value of Property BUC - Building Under Construction MCST - Management Corporation Strata Title Caveat - A caveat is usually lodged by the purchaser to protect his/her interest soon after an option to purchase a property is exercised or a sale/purchase agreement is signed. |
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