An honorable member of the Coffee Shop Has Just Posted the Following:
Dear all,
Just want to highlight the HDB Option to Purchase (OTP) contract makes reference to the Law Society's Condition of Sales 1999. However, as and when you enter into a HDB resale transaction, the housing agent will never explain to you and give you a copy of this Condition. There are some flaws that allow both the law firm and agent to impose a late penalty fee on either the buyer and seller should there be any changes in the completion date that arise from this condition. For those with elderly or less educated family members, please take note and do not get cheated.
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02-07-2013, 08:10 AM
BE CAREFUL when you are signing the Option to Purchase when buying a HDB resale flat
