3 Answers

Afternoon,

Sorry to hear about the unfortunate situation. May I know if you are referring to a private property purchase from Developer or the resale market? If its the former, if you have not exercised the S&P, typically 25% of the booking fee will be forfeited. If its the resale market, typically the full option fee will be forfeited. All these are assumptions as without details of the actual transaction, I can't provide the correct info as well.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi, if you are referring to a developer unit, then it be only the 5% deposit cheque which will be forfeited by the developer, that’s all. If it is a resale property, it could be worse.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Robbie Chen Chee Howe
Hi,

I'm sorry to hear about this unfortunate situation.

If the property is a resale property, then I'm afraid that your full option fee (most commonly 1%) will be forfeited by the Seller.

If the property is a Developer sale, then the Developer has the right to forfeit 25% of your 5% booking fee that you had already paid.

May I know what's the reasons for you cancelling the deal? Perhaps I could give you some suggestions, and see if we can salvage the situation?

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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