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Hi,

After OTP is exercised, next step is the resale application submission. When to submit depends on Page 4 of the OTP, which indicates how many days are planned for before the submission deadline expires. This is something you would have discussed with the seller prior to doing the OTP.

HDB only comes into the picture when they received a resale application submission from both buyers and sellers. So they don't need you to "prove" that the OTP is exercised because if no resale application comes in, they would take it as the house sale didn't materialize due to some reasons from the buyer or seller.

The extension you are talking about refers to another phase where sometimes seller stay beyond the completion. This is typically to allow them transition time to renovate their next home before handing over the unit to you.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Resale application has to be submitted before the valuation expires, thus it should be done within 90 days from valuation report. You should manage this with a professional realtor if you are unable to manage this process as a DIY buyer to avoid dire consequences.

Not all transactions will happen by the default procedure as different sellers and buyers will have their individual circumstances to manage and these can only be done with experience.

In case you are unaware, SPH is organising The Home Expo 2024 this coming September and OrangeTee is proud to be the presenter for this event where we have lined up a total of 16 speakers who will be sharing on the different market segments and topics during the 3 days event. Do register for the event if you are looking out for more insights of the real estate market at http://bit.ly/THE2024Geryl. Looking forward to see you at the event.

——

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
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My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi, appreciate your sharing. Is there any delay in submission ?
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More