AskGuru Q&A Community

Option Fee
---------------
Upon viewing an HDB unit that you like, you think you would like to consider to buy. So you pay a fee to the SELLER to be given the OTP (Option To Purchase), say $500.

Option Exercise Fee
---------------------------
After consideration, you decide to exercise the OTP (i.e. you decide to buy, subjected to approval by HDB), then you will pay a further fee to move forward, say $600.

Therefore your total deposit is $500+600 = $1,100. This amount should be deducted from the final monies that you will pay to the SELLER when the transaction is completed.

As for the timeline questions, gimme a call as the answer would be too long.

cheers,
CY
968-18-168 Read More