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hi im purchasing a 3room flat in changi village for a valuation price of 175k and a COV of 15k. i have put a deposit of 5k and filled up the OTP form and signed. but i was told by my agent after that i need to pay the valuation price for that 3room flat im buying which i find it ridiculous. as for the registration fees,that we know we have to pay for it.he said that without the seller request for a valuation,we could'nt have been able to purchase it.so we have to bear the cost plus the registration fees that amounts up to $261 on top of our 5k deposit. we have sold our former flat 1 year ago and we never ask our buyer to pay for our valuation.so this aroused our suspicion. please advise us on this matter.
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2 Answers

Hi sir,

The purpose of the Valuation Report is for the buyers to take their housing loan and the amount of CPF that they can withdraw to pay for their house. Therefore, the buyer shall pay for the report.

If you are represented by an agent during the buying / selling of the flat, they will have told you that.

Regards,
Ken Lim Read More
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Unless you are paying in full cash, you will need to pay for a valuation report to apply for loan or withdrawal of CPF monies. Read More
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