Web1. The Straight Option, which gives a buyer an opportunity to purchase the property for a certain period of time for a certain price. If you ultimately buy the property, this money can be deducted from the purchase price upon close. If you do not buy the property, you forfeit the option deposit. This is the most common and simplest form of option. WebFor HDB resales, both the buyer and seller must register their intent to buy and sell on HDB’s portal before obtaining the OTP. The buyer also has to secure the HDB housing …
Guide To Understanding Option To Purchase (OTP) In Singapore
WebOct 26, 2024 · Option to Purchase for private property. Option to Purchase for HDB resale flat. OTP agreement drafted by seller’s lawyer To use HDB’s OTP form OTP agreement signed by buyer and seller after agreeing on the price OTP agreement granted by seller at least 7 days after registering Intent to Sell on HDB Resale Portal, signed by … WebOnce reviewed and approved, the final approval will be forwarded to you and your buyer. 6. Pay Resale Fees Online. Also, you have to pay an admin fee for the process to sell your HDB flat online – $40 for a 1 or 2-room flat, and $80 for a 3-room or bigger flat. 7. havilah ravula
HDB Standard Option to Purchase (OTP) Available for Download at HDB ...
WebAfter registering your Intent to Sell, you will then be prompted to download a copy of the HDB-prescribed OTP form on the HDB resale portal, which has a unique serial number … WebTo grant an Option to Purchase (OTP) to a potential buyer, you need to have a valid Intent to Sell registered on the HDB Resale Portal and meet the 7-day cooling-off period after … Please click here to download the Option To Purchase PDF.here to download the … WebDirectHome Home Resources Selling my HDB Unit Option To Purchase (OTP) Granting the OTP You can only grant an OTP to buyers at least 7 days after registering your Intent to Sell. You should use this cooling-off period wisely and consider the housing options available to you. havilah seguros