Step 1: Confirm Your Budget
First, check your savings and how much you can borrow. Getting a pre-approval gives you a clear picture of your purchasing budget.
Step 2: Property Search
Organize your requirements (area, size, building age, price) and start searching. New Connection will suggest properties that match your criteria in your language.
Step 3: Property Viewing
Always visit properties you are interested in to assess building condition, sunlight, and surroundings. Comparing multiple properties is strongly recommended.
Step 4: Application and Negotiation
Once you find the right property, submit a purchase application. Price negotiation typically happens at this stage.
Step 5: Sales Contract
After receiving a full explanation of important matters, you will sign the purchase agreement. A deposit (typically 5–10% of the price) is paid at this time.
Step 6: Formal Loan Approval
After signing the contract, submit a formal mortgage application. The financial institution review typically takes 1–3 weeks.
Step 7: Handover
The final payment and key handover happen simultaneously. Property registration is completed at this stage. Congratulations, you are now a property owner!