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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, may I have more information pls?

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

Hi

Typically an Option to Purchase is only valid legally when there is consideration in exchange (ie. option fee). You may want to share more information so I can understand your scenario better to advise.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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If no option fee was paid, then the OTP is not legal binding.

For a contract to be legal binding, there must be offer and acceptance, and consideration (money) and intention to create legal consequences.

Text me if you need clarification. 94517639  . Read More

Hi,

In order to have a valid contract (OTP), there must be a consideration (option fee). If there is no consideration, the contract will be deemed as void.

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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

I do not quite understand the situation. Usually, an extended option period is requested by the buyer, in scenarios where their existing place is not sold or they are raising funds to exercise the Option.

In this case, is the seller requesting for an extended option period? Read More

Steps to Take:

Consult a Lawyer: If you are involved in such a situation, it is advisable to consult a real estate lawyer to ensure that any agreements or extensions are legally sound and properly documented.
Document Agreements: Ensure that any changes to standard practices, such as not paying an option fee or extending the option period, are clearly documented in writing and agreed upon by both parties.
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