Hi,
There's 2 parts to the total deposit (option fee and option exercise fee). For option fee, it should be anything between $1 to $1,000. Total up the deposit should not exceed $5K. Anything not adhering to that will be against the HDB regulations.
If you are unsure of the HDB procedures, its advisable to engage an agent so to avoid the pitfalls. 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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
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