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Good afternoon Sir/ Mdm,

If COV is payable, it has to be in form of cashier order and payable before the completion. The cashier order will be addressed to HDB instead of sellers.

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

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Hi,

COV is being paid to HDB first, and then HDB will issue cashier order to the seller.

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

Good afternoon,

COV is paid directly to HDB before completion appointment in the form of cashier order

Hope this helps,

This platform does not allow us to contact you directly so kindly contact me at 97261112  I would be glad to assist you further
Thank you and best regards,
Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
Whatsapp: https://wa.me/6597261112
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

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Hi Sir/Madam

I will be glad to assist
Appreciate if you can contact me at (65) 96608508  with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi,

COV is to be paid in Cash (in form of Cashier's order) to HDB upon legal completion of the sale.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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

Hi,

1) Apart from the deposit (option + exercise fees; max $5k) that is supposed to pay to the seller. Any other payment will not pay to the seller directly. Do not hand out any cash to the seller anymore other than the exercise fee.
2) If you are engaging a private lawyer, the lawyer will advise you on the payment mode and payment timeline.
3) All cash that needs to be paid shall be in the mode of cashier order addressing to different parties; such as the seller, CPF board, HDB, or bank.
4) The reason is although there is a COV in the purchase. The seller might still have an existing loan with the bank or the HDB.
5) The purchase price could not cover the CPF + accrued interest utilized. Therefore the seller might not be entitled to this extra cash but to go back to their CPF account.
6) If you are engaging an HDB lawyer, the HDB will give you specific instructions on the mode of payment and timeline.
7) In general, any cash payment will materialize near the completion date. It can be one day to 3 weeks before.

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

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