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Recently book a resale hdb. But the valuation was way below the price we offer. We discussed with owner. He can lower selling price. So we need to redo our otp and redo valuation. If the second valuation is lower than the first one. We cannot use the first valuation am I correct?
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3 Answers

YT Tan (陈永达)
Good morning,

Yes you are right.

If you decide not to exercise with the first OTP that came with the valuation, you have to decide whether to exercise with the second OTP and valuation. First valuation report will expire if you never exercise.

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
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Good morning,

Yes each valuation is unique, and only the latest valuation done with the latest OTP by the HDB appointed valuer can be utilized. So this method can go both ways

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

Warm Regards,

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