Asked by Anonymous
Witness requirements for OTP (private condo)
Hi , what are the legal requirements for a witness for both seller or buyer when signing the OTP. I see some conflicting references but see a common statement " A witness will be required for the OTP. This can be a salesperson or anyone who is a Singapore citizen or PR, aged 21 and above. The witness cannot be involved in the transaction." Is this absolutely required or can an non Singaporean and non-PR also be a witness or will the law firm require to be corrected to comply with this requirement? Also, what does it mean by the witness not being involved in the transaction?
Hi , what are the legal requirements for a witness for both seller or buyer when signing the OTP. I see some conflicting references but see a common statement " A witness will be required for the OTP. This can be a salesperson or anyone who is a Singapore citizen or PR, aged 21 and above. The witness cannot be involved in the transaction." Is this absolutely required or can an non Singaporean and non-PR also be a witness or will the law firm require to be corrected to comply with this requirement? Also, what does it mean by the witness not being involved in the transaction?
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