Hi Bernie,
1) An OTP will need a signature to exercise from the buyer. And the buyer will need to be present at the completion to sign all legal documents on the completion date.
2) The rest of the process still possible to be done using the online service provided by HDB, including all payments.
3) Signing of OTP still possible using courier service. However, I have noticed that courier service hardly can meet the deadline due to the current pandemic situation.
4) Thus the best way to process the whole buying procedure, it is recommended to appoint a Power of Attorney (POA). POA can run the whole show without the legal buyer.
5) You will have to liaise with a conveyance lawyer to understand the fees and the process.
6) Note that he needs to fulfill the MOP as others. If he decided to rent the whole unit out and managed to receive approval from HDB. This rental period will not be counted in the MOP.
Hope the above answer to 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 until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly.
Read More
