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TOP 101

2012 feb 28

Property Investment Tips
Part I: TOP 101

How do you know if your precious new home is about to be ready for key collection?

1. Check the sales brochure

Usually on the last page or so, there will be Building Plan Approval number A1234-00567-2011 or something similar. Note this down.

If you don't have the brochure, or lost it, or because you bought subsale and the owner wanted to keep for memento, don't fret. If you are clever, you would have thought of downloading the brochure softcopy online at property launch sites like, well what else, www.propertylaunch.sg for example...

2. Check the construction site board

If you don't have internet (???) or simply refuse to touch electronics (how on earth are you here reading this then??), then take a stroll to your beloved project construction site and take a look at the white board with black words on it. This is usually sited right beside the main gate of the site. Some fishy developers (either cause project is delayed or what) place this out of sight maybe hidden behind the altar sometimes. So be sharp to spot it. If you can't see it, demand the supervisor to show you where it is. They are mandatory to be displayed by LAW. You can find the same A1234 blah blah plan no. on the board. The board also have additional useful info like who the M&E is, architect, contractor etcetcetc. The TOP DATE indicated on the board - take with huge pinch of salt. Some deliberately put far away to cover their own ass. Some deliberately put past date to encourage sales (for those not sold out).

3. BCA site

Once you got hold of this precious number, do not go and buy 4D or Toto please. Please log on to

http://www.bca.gov.sg/eservice/SubmissionStatus.aspx

and enter the plan number. Note that you can use wildcards. The page tells you how already. After you submit, you may get something like this (if you not very lucky):

Plan Ref No. Application Type Status Date/Time View Details
A1276-00475-2009 PERMIT TO CARRY OUT STRUCTURAL WORKS PERMIT ISSUED 10/01/2011 10:48:12 Submission
A1276-00475-2009-BP01 APP FOR MODIFICATION-WAIVER OF BUILDG REGULATIONS ISSUE WAIVER LETTER 24/02/2012 12:14:53 -
A1276-00475-2009-BP01 BCA-CSC-APPLN FOR SITE INSPECTION DATE CONFIRMED 19/01/2012 11:58:46 -
A1276-00475-2009-BP01 BCA-TOP-APPLN SUSPENDED 18/01/2012 14:24:21 -
A1276-00475-2009-BP01 BP PLAN APPROVAL BP APPROVED 26/07/2010 14:42:07 -
A1276-00475-2009-CD01 CD-HS PLAN SUBMISSION ISSUE WITHDRAWAL 01/10/2010 13:56:59 -
A1276-00475-2009-CD02 CD-HS PLAN SUBMISSION ISSUE NOA FOR PLAN 21/10/2010 10:29:40 -
A1276-00475-2009-CN01 CD-HS COMMISSIONING SUBMISSION ISSUE WD FOR COMMISSIONING 31/01/2012 09:13:56 -
A1276-00475-2009-CS01 CD-HS PLAN SUBMISSION ISSUE NOA FOR PLAN 20/12/2010 11:17:25 -
A1276-00475-2009-CS02 CD-HS PLAN SUBMISSION ISSUE NOA FOR PLAN 26/04/2011 11:25:24 -
A1276-00475-2009-ST01 BCA-BE-ST SUBMISSION ST APPROVED 28/10/2010 12:25:16 Submission
A1276-00475-2009-ST02 BCA-BE-ST SUBMISSION ST APPROVED 10/01/2011 08:43:04 Submission
A1276-00475-2009-ST03 BCA-BE-ST SUBMISSION ST APPROVED 25/11/2010 11:51:05 Submission
A1276-00475-2009-ST04 BCA-BE-ST SUBMISSION ST APPROVED 14/12/2010 15:25:58 Submission
A1276-00475-2009-ST05 BCA-BE-ST SUBMISSION ST APPROVED 24/01/2011 16:22:19 Submission
A1276-00475-2009-ST06 BCA-BE-ST SUBMISSION ST APPROVED 23/12/2010 16:18:37 Submission
A1276-00475-2009-ST07 BCA-BE-ST SUBMISSION ST APPROVED 09/05/2011 10:24:04 Submission
A1276-00475-2009-ST08 BCA-BE-ST SUBMISSION ST APPROVED 16/08/2011 17:01:54 Submission
A1276-00475-2009-ST09 BCA-BE-ST SUBMISSION PROCESSING 23/02/2012 13:45:05 Submission

Notice one entry that says

A1276-00475-2009-BP01 BCA-TOP-APPLN SUSPENDED 18/01/2012 14:24:21 -

This means the very final stage of inspection failed for some reason. Maybe there was a cockroach stuck between the circuit board and the switch on the substation. Maybe the carpark drain had 3 dead kittens inside. Maybe the lift had a poster of topless Paris Hilton. Whichever the case, fret not. Usually this will be addressed fairly quickly. In my personal experience, there was one of my past projects that took 2-3 weeks to rectify whichever issue it was. It will vary from project to project. The fact that there is the word TOP on any entry in the query result is very good news already. You can start sourcing for ID and find out which vendor gives you cheapest bestest chengai wood for your oversized planter...

If you project is still early stage of construction, you can keep tabs on the progress either by checking this or just read the lawyer letter sent to you asking for progress payments. Check the URA site http://www.ura.gov.sg/lad/HBG/progressPayments.htm for what each stage means and you will have an idea. If not, when you are near paying up to like 60% of the purchase price you will know TOP is imminent...

Otherwise, as a rule of thumb, when you see this:

A1276-00475-2009-CD02 CD-HS PLAN SUBMISSION ISSUE NOA FOR PLAN 21/10/2010 10:29:40 -

This refers to the housing shelter plan being approved. Usually that means the project is near to final stages of construction. In this case, it was only like 6 months away from TOP.

If you see this:

A1276-00475-2009-BP01 BCA-CSC-APPLN FOR SITE INSPECTION DATE CONFIRMED 19/01/2012 11:58:46 -

It's even better. This refers to the appointment for site inspection before TOP application being made and confirmed.

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