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Hi.. from the new ruling, i understand that the seller will never know the valuation report.. for example, if i were to sell my flat at $400k, and the valuation given to the buyer by hdb is $370k, where does the $30k cov goes to..?
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3 Answers

Mike Lim
Replied
Morning Mrs. Katrina,

Since the agreement transaction pricing is at $400k, it's the buyer's duty to top up the difference if they choose to exercise the OTP. The $400k selling price will be used to offset your mortgage loan, CPF OA and interest, upgrading fee payable and the balance will be your profit. You will not be short changed.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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OHMYHOME PTE LTD
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Landon Chew
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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

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
97 39 60 40
landonchew@email.com Read More
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