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Legally speaking they cannot back out, but any claims for damages have to be done through a private lawyer.

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi Kay,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, once the OTP has been exercised, the buyer cannot back out from the deal.

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

Hi Kay Kay,

I sympathize with the situation. I had encountered such a scenario, and both parties eventually agreed to cancel and move on.

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 Kay Kay,

1) This is definitely a very disruptive action from the buyers because usually the sellers also have their own plan for the next home which is involved with the selling.
2) Legally anyone can break the contract and bear the consequences of voiding the OTP.
3) The minimum claim you can have is to accept the option + exercise fees and wait for the next buyer.
4) You will need professional legal advice from a practicing lawyer to understand what more you could claim from the seller. Especially you could have also placed a deposit and exercise for your next home.

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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