10 Answers

YT Tan (陈永达)
Morning Kun Xin,

1% option fee will be paid directly to seller. 4% exercise fee usually payable to seller's law firm's conveyancing account.

Hope my sharing aids in your property needs. Do contact me if you need any assistance.

Best regards,

YT Tan
Property Kaki
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1
Morning Kun Xin,

1% option fee is usually first paid directly to seller. The next 4% option exercise fee can be either to seller or seller's appointed solicitor's conveyancing account, depending on how the OTP terms are discussed and mutually agreed.

May I know which development you are looking at? Hope the above clarifies. May I have more info and requirements about your plans so as 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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1
Hi, usually the 1% option fee will be paid to the seller directly. As for the option exercise fee, it is usually to the conveyancing firm or the seller.

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
 97396040 
landonchew@email.com Read More
0
Hi Kun Xin,

1) The common practice is that 1% is paid to the seller directly, it can be via transfer, personal cheque, or cashier order.
2) It is not recommended to pay in cash. It should be traceable.
3) The 4% exercising fee is paid to the seller's law firm convenyance account. Your lawyer should advise accordingly.
4) Due to personal cheques fading out in the market, all law firms are advising the client to obtain cashier orders for this purpose.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
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https://www.linkedin.com/in/ckling/

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1
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, the 1% cheque is generally paid to the seller directly.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Hi, appreciate your sharing. To seller with ownership proof.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
0
In most cases, it will be direct to seller, unless there is special arrangements.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
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Landed Dynamic Alliance
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1
Hi,

1% is paid directly to the seller.
4% exercise fee will then be paid to the law firm.
Hope this helps,

If your EC MOP (Minimum Occupation Period) has been fulfilled, you have the option to sell and then wait for 15 months before being eligible to purchase a resale HDB.
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

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by
your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several
agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling
the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole
dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a
trustworthy, honest, sincere and hardworking agent. We are happy with her service and would
gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation
should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and
looking out for great deals and even tailor-made property proposal geared towards their needs. Will
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--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our
neighbourhood to understand what she was marketing. During the marketing period, she managed
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also patient and client-centered throughout the process of finding a home that met our criteria. As a
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answer questions we had--
Samantha (Resale condo buyer) Read More
0
Typically, 1% of the option fee is paid directly to the seller, which can be done via transfer, personal cheque, or cashier order.
It's advisable not to pay in cash to ensure traceability.
The 4% exercise fee is usually paid to the seller's law firm's conveyancing account, as advised by your lawyer.
Due to the decreasing use of personal cheques, law firms recommend obtaining cashier orders for this purpose.
IF you Need Further Help--->> like : Renting / Selling / Buying or Investing Read More
1
Typically, 1% of the option fee is paid directly to the seller, which can be done via transfer, personal cheque, or cashier order.
It's advisable not to pay in cash to ensure traceability.
The 4% exercise fee is usually paid to the seller's law firm's conveyancing account, as advised by your lawyer.
Due to the decreasing use of personal cheques, law firms recommend obtaining cashier orders for this purpose.
IF you Need Further Help--->> like : Renting / Selling / Buying or Investing Read More
1