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For purchase of resale flat, when we place the $5000 mean it is the "Option To Purchase"? Then we need to wait for the valuation report out & then determine to exercise this OTP?
Is there any penalty id we do not exercise? At the most we just lost the $5000?
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3 Answers

Aaron Chong
Replied
Hi Mugen, if you chose not to exercise the HDB OTP, then you only lose that $1000 deposit.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Robbie Chen Chee Howe
Replied
Hi,

Minimum option fee is $1, while the max is $1,000. The total Deposit (option + exercise fee) should not exceed $5,000. Failure to exercise OTP will only be forfeited the option fee.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing 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
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Taufik Hussein
Replied
Hi maximum option fee is $1000. Another maximum $4000 is to be paid after exercising the option. If you choose not to exercise the option, you will lose at most $4000. Do contact me at 93375051  for a free and non obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
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