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Hi, there isn’t really a right or wrong in your case. And if you feel that 30k cov is really too much, you could negotiate with the seller agent again, by bringing down the selling price and to reissue a new OTP.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi
This is a common mistake made by DIY buyers assuming there is no more COV in today's market. I personally have seen sellers expecting $300K COV for a HDB. The market after circuit breaker period is surprisingly on a high and unknowing buyers will be caught offguard if they proceed to optioned for a unit without doing proper research. You can try to speak to the seller agent to try to reduce purchase price so as to reduce the amount of COV. However this is fully dependable on the seller's gratitude and they are not obliged to reduce the purchase price. As to whether is it worth to go ahead with the transaction or withdraw, this depends on factors such as your personal circumstances and the unit you are purchasing (Is it move- in condition, any other units selling at a lower price in today market etc). I do provide free and non obligatory discussions on property transactions in Singapore. Do contact me at 93375051  for a free discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi,

I suppose you mean above Valuation?

COV will depend on various factors, and it's not uncommon in the market, especially if the flats are highly sought after location.

Perhaps you could share with me more details on the unit, so I can advise whether it makes sense for you to proceed?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More