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Hi, I came across this seller who is selling his unit but require us to undervalue selling price to HDB. Meaning if he is closing at 500k he would like me to declare it as 490K.. The diff is for his agent comm which I need to give it in cash. He assured us that this is legal and he has a lawyer to legalize the documents. I still feel this is not legal in the eyes of HDB. Can any experts please advice me as I really like the unit. Thanks.
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3 Answers

Hi Pls do not do it as it is illegal and you will be implicated. Pls feel free to let me know if you need any assistance. Regards Aaron 9730 8455  aaronchong2774@yahoo.com.sg Read More
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Afternoon, Such transaction are not legal and I believe no lawyers will draft such agreement letter as it's against the law. I would advise that you give the unit a pass and move onto the next unit. Do feel free to contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
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Dear sir/madam, It is definitely not right. If he has a salesperson acting for him in this transaction and this salesperson is aware of this under-declaration, this salesperson should also be reported to the authorities. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. I would like to thank more than 120 of you who have took out your precious time in attending the original Landed Homes Sales Exhibition on 7 & 8 September. 1 unit was sold with 4 units reserved over this 2 day event. Do look forward to our next edition. Register with me if you are keen. Read More
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