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I have obtained an OTP for a HDB resale. However, I do need an extra 2 week extension. If it is agreeable between buyer and seller, how do I go about extending the otp. Or should I request seller to let it expire and then issue a new one.
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5 Answers

Hi,
Talk to your agent or to the seller's agent.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More
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Hi,

I believe you have engaged an agent so talk to your agent about it.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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HDB standard process do not allow for extension of Option period. If you have engaged an agent, he or she should have advised you on this. There is no obligation for the seller to issue a new OTP to you if the current OTP expires.

I have been in the real estate business since 2009, with more than 13 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.

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Hi,

1) Under the HDB OTP, it can only be valid for 21 days from the date of issue.
2) No one can give you an extension on this.
3) If you need more time to get your loan, it is better you speak to the seller face-to-face and let the seller decide whether he is willing to take the risk to wait for you.
4) I would suggest you speak to the seller's agent first and maybe there was not an issue after all.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, 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

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Hi, appreciate your sharing
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
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