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Hi;

So sorry to hear about your relative's case. Maybe you can share more with me privately, I see if there is anything that can be done to salvage the deal? Thanks

Regards;
Lyna Song
 9623 8442 
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com
https://r025113i.propnex.net Read More

Hi,

It depends on what is inked in the OTP agreement. Typically some part of the deposit has to be forfeited if buyer decide not to proceed with the purchase. Perhaps you can share more details so I can make better recommendation.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi, base on a standard contract, the full option fee from the buyer will be forfeited by the seller if the latter chose not to exercise it.

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

Hi,

Yes, as long as they had made an offer and it was accepted by the Seller and granted the OTP, should they decided not to proceed, they will have to forfeit the option money.

If the property they purchased is a new launch, they will be able to get back 75% of the option fee that they had paid. If it's a resale property, then the chances of them getting back their option fee is very slim.

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