Asked by Ms. Ivy Toh
I’m a buyer of a resale flat : seller has agreed to change in completion date to be moved back by 2 weeks and email with document of all sellers and my signature was sent to HDB officer. Only after HDB has received it, I was informed by sellers’ agent that seller will incur bank admin fees and legal admin fees for change in date of around $500. This was not made known to me when seller agreed to push back date (which I am grateful). Now I am told by his agent that if I don’t pay seller the admin fees , seller’s lawyers can work with HDB to request for a late interest fee to help cover the above admin fees and more. Could someone advice if above is legal and true?
Also, the only reason I am shifting the completion date is cos the draft FP HDB drew up did not include my funds being returned to my CPF from investment. It will be returned in time before our original completion date ( I have document evidence that shows date of return and the amount) but HDB says they need time to redraft financial plan only after the monies are officially in account. — is there no way to still push through with original date as long as on date of transaction there is sufficient money?
Also, the only reason I am shifting the completion date is cos the draft FP HDB drew up did not include my funds being returned to my CPF from investment. It will be returned in time before our original completion date ( I have document evidence that shows date of return and the amount) but HDB says they need time to redraft financial plan only after the monies are officially in account. — is there no way to still push through with original date as long as on date of transaction there is sufficient money?
196 views