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Hi all! I bought a resale flat exercise option n waiting for hdb appointment. I now regret and don't want to buy. Is there someone who can take over the flat I just bought? So I don't need proceed with this sale and minimize costs incurred?
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1 Answer

Mike Lim
Replied
Morning,

I believe you have gone through the buyer's checklist prior to exercising the Option. I would also believe that you are DIY buyer hence would have done the necessary homework before committing.

Under the Housing Developement Act, none of the parties involved in the transaction are allowed to withdraw, unless with mutual agreement on the withdrawal, subjected to the fact that the buyer might be liable for the possible lost which the seller will incur.

Try to talk to your seller and see what he thinks about it.

All the best.

Regards
Mike Lim
 96929209 
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  • LL
    Replied
    Thank you for advice. Just hoping if someone could take this purchase on my behalf.

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