Asked by Anonymous
how to exercise my option?
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3 Answers
Good morning Sir/ Mdm,
You can exercise your HDB OTP by giving sellers the exercise fee and signed OTP (on acceptance portion).
If private OTP, you need to pass the exercise fee to your law firm and sign the acceptance portion in the presence of lawyer.
Hope my sharing helps in aiding in your enquiry.
May I know how can I value add further in your property needs?
Best regards,
YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner
Contact:
Mobile: 91115171
Email: yt.tan91115171@gmail.com
Do follow me on:
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To find out what’s the estimated valuation of your existing house, try our SRX property tracker.
You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More
You can exercise your HDB OTP by giving sellers the exercise fee and signed OTP (on acceptance portion).
If private OTP, you need to pass the exercise fee to your law firm and sign the acceptance portion in the presence of lawyer.
Hope my sharing helps in aiding in your enquiry.
May I know how can I value add further in your property needs?
Best regards,
YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner
Contact:
Mobile: 91115171
Email: yt.tan91115171@gmail.com
Do follow me on:
IG: instagram.com/propertykaki
FB: https://www.fb.com/propertykaki/
YouTube: https://bit.ly/Youtube_PropertyKaki
To find out what’s the estimated valuation of your existing house, try our SRX property tracker.
You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More
Hi,
1) There are different deadlines for the HDB and private residential property.
HDB
(a) The HDB OTP has a deadline of 21 days from the issue of OTP. You must have either an HLE or Letter-Of-Offer (LOO) from a private bank before you can exercise the OTP.
(b) Any exercising date earlier than the HLE or LOO will be rejected by the HDB.
(c) To exercise the OTP, you have to ink your signature and date on pg 8 of the OTP. You also have to hand over the exercise fee as agreed on page 2, 6.1 (c) to the seller to complete the exercise process.
Private
(a) The private residential property general only has 14 days to exercise the OTP. Similar to the HDB, you must have a valid LOO before exercising.
(b) The OTP usually only has 2 pages. You will have to sign the OTP in front of your lawyer and hand over the 4% to your lawyer on the same day.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) There are different deadlines for the HDB and private residential property.
HDB
(a) The HDB OTP has a deadline of 21 days from the issue of OTP. You must have either an HLE or Letter-Of-Offer (LOO) from a private bank before you can exercise the OTP.
(b) Any exercising date earlier than the HLE or LOO will be rejected by the HDB.
(c) To exercise the OTP, you have to ink your signature and date on pg 8 of the OTP. You also have to hand over the exercise fee as agreed on page 2, 6.1 (c) to the seller to complete the exercise process.
Private
(a) The private residential property general only has 14 days to exercise the OTP. Similar to the HDB, you must have a valid LOO before exercising.
(b) The OTP usually only has 2 pages. You will have to sign the OTP in front of your lawyer and hand over the 4% to your lawyer on the same day.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1
Hi,
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More