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Good morning,

Do check with your lawyer on this matter as it seems like you already exercised the resale option to purchase.

Best regards,

YT Tan
Property Kaki
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Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, if a buyer will to back out till that stage, then not only will the whole 5% deposit be forfeited, but also buyer would be sued by the seller for more compensation.

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

Hi,

1) Under a private transaction when you have already signed the S&P you are already bound by the legal terms in the S&P.
2) Now you have 14 days to pay the buyer stamp duty from the date of signing S&P.
3) You might lose your stamp duty as well if you don't act quickly.
4) Make a call to the lawyer who is doing your conveyance now to understand your obligation.

Hope the above answer your main concerns, but if there are more query, 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/
https://www.facebook.com/Homesellerbuyer

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Hi,

If you had exercised the OTP but chose not to complete the transaction, you will be liable for all damages if the Seller were to take legal action.

I am experienced and well-versed in both HDB and private 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