2 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

As long as no option is issued, the verbal agreement is not legally binding. Supplementary agreements are not allowed and recognised by HDB. We advise you to confirm and negotiate the price when the Minimum Occupation Period (MOP) is met.

Hope this answers your question.

Best Regards,

Team PropertyGuru
Robbie Chen Chee Howe
Hi,

Yes, you're right. Seller will need to meet the MOP before being able to Register their Intent to Sell. They will also need to observe a 7-day cooling period before being able to issue the OTP to a Buyer.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you. Please get in touch with me for a more in-depth discussion on your property plans.

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