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Morning Nik,

You will receive a total of $5,000 ($1,000 + $4,000) as option deposit for your sale within 2 weeks from option grant date.

Buyer will pay the COV/ 10% of purchase price to HDB on first appointment while you will receive your sales proceeds 6 to 8 weeks from the first appointment date on completion date.

Thus you wont be able to receive the COV anytime soon but it will be included in the sales proceeds that you will be receiving after completion.

Hope it helps!

Warmest Regards,
YT TAN
District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More

Morning Nik,

The only cash exchange between buyer and seller will be max of $5k, being for Option and Exercise fee. The balance cash proceed, including the COV, will be payable to you on HDB completion date. This would be most likely to be 3 to 4 months from date of application submission.

FYI
Mike Lim
 96929209 
ERA Read More