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Hi, yes it won't be an issue as long as the previous OTP has expired.

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Landon Chew
97 39 60 40
landonchew@email.com Read More

Yes, a brand new valuation request has to be done. Read More

Hi! Yes, once the current OTP expires, you can sign a new one. The entire process will restart, including getting a new valuation report.
Hope this helps,
This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

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Samantha (Resale condo buyer) Read More

Good day to you,

The same buyers and sellers are open to signing a new OTP once the old one expires. For HDB transactions, as the valuation report is tied to the previous OTP serial number, the buyers must submit a new valuation request, based on the new OTP serial number.

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Regards
Mike Lim
 96929209 
R026078F
m52i@yahoo.com
ERA Read More

Hi,

Yes after the previous OTP lapses and expires, the same parties can go through another OTP again. However the previous valuation done will no longer apply, as each valuation is tied to one OTP serial number, and the buyer has to reapply valuation again. The valuation may differ as market circumstances may have changed since.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes can and no issue at all.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi, appreciate your sharing. It subject to both parties to negotiate and discuss.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Yes, the same pair of buyer and seller can sign a new Option to Purchase (OTP) for a new selling price after allowing the earlier OTP to expire. Here are a few points to consider:

Expiration of OTP: Once the original OTP expires, both parties are no longer bound by its terms, including the selling price.
Negotiation: The buyer and seller can renegotiate the terms, including the selling price, before signing a new OTP.
New OTP: The new OTP must be properly executed, with all necessary signatures and terms, to be legally binding.
Consider Market Changes: Be aware that market conditions may have changed since the first OTP, which could influence the new selling price.
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