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My HDB buyer exercised his option to buy over the weekend but is now stalling on the date of first appointment, where he wants it mid-Jan. This is 60 days from exercise of option! Totally ridiculous. I want to get the sales completed asap so now am wondering, what rules are there to govern this?
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1 Answer

Mike Lim
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Afternoon,

Your salesperson should have ironed out all the issues, prior getting you and your buyer to ink on the OTP.
Under page 4 of the OTP, it states as to when both buyer and seller need to submit the OTP for HDB approval, but the selection of first appointment date still need to be agreed between both parties.
What you can do is check whether your buyer is talking HDB or Bank loan. If your buyer is using Bank loan, talk to him about the practise of bank dispersing the loan, 4 months from LO acceptance and the charges, hopefully to soften him.

FYI
Mike Lim
 96929209 
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