Hdb Sales Agreement

Sellers and buyers cannot enter into any other agreement, since it is null and void in accordance with the Development and Housing Act. 3.1 Sellers and buyers must declare hdB the true resale price of the apartment. The seller and the buyer may not enter into any additional or other agreements or arrangements that may overstate or undervalue the resale price indicated. 4.3 The buyer must file (himself or through the seller, if he orders one) the value request before the working day following the option date, as indicated in the purchase option granted by the seller of the apartment. As a seller, you need to guide sellers through policies and procedures for a smooth resale transaction. A witness must sign the OTP (your seller or a person of Singaporean nationality or permanent resident of Singapore, aged 21 or over and not participating in the resale transaction) (i) HDB requires all owners to sell/sell the existing accommodation, as well as an agreement on the use of the reimbursed CPF funds and a portion of the cash proceeds from the sale/transfer of all existing dwellings to the d em Commercial interest loans granted to the buyer for the nearest apartment* are partially/fully repaid. After repayment, the commercial interest rate* loan is converted into a discounted interest rate loan (if permitted). You and the buyers must use the call option (OTP) prescribed by HDB as the contractual form in the transaction. Other agreements and/or ancillary agreements related to the sale or purchase of the dwelling are not valid under the Housing and Development Act. 4.2 Sellers and buyers (or their sellers) can download the call option form required by hdB InfoWEB (www.hdb.gov.sg). Each form has a unique serial number.

Sellers and buyers must provide the serial number of the call option when filing a resale request with HDB. 5.2 Only buyers who have benefited from a call option must file a value claim. Buyers (even on the HDB resale portal or through their seller via the e-Resale system or the real estate agent toolkit) must file the value application before the next business day* after the option date. Scanned copies of page 1 of the purchase option must be attached to the application. You must pay a non-refundable processing fee of $120 USD (including GST) to HDB. Payment is made through payment methods provided by hdB Resale Portal/e-Resale System/Estate Agent Toolkit. Here`s everything you need to know about preparing the option to purchase (OTP) in Singapore: 4.1 Sellers and buyers of resale homes should use the call option imposed by HDB as a contractual form for resale transactions…