Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
HDB • Valuation process, option exercise fee for resale flats ensure fairness in transactions
The Straits Times
|October 02, 2024
We thank Mr Zhang Jinwei for his feedback (Relook practices governing resale of HDB flats, Sept 18).
HDB resale transactions are conducted on a “willing-buyer-willing-seller” basis. After a resale price has been agreed upon, the flat sellers will grant an option to purchase (OTP) to buyers, who pay an option fee of up to $1,000 in cash. When buyers exercise the OTP, they will have to pay an option exercise fee. This, together with the option fee, is capped at $5,000 and forms the deposit for the flat.
Flat buyers who decide not to exercise the OTP will forgo the option fee paid to the seller. The option fee is kept affordable for flat buyers while safeguarding flat sellers’ interests.
Denne historien er fra October 02, 2024-utgaven av The Straits Times.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Straits Times
The Straits Times
AI use could make us ‘subcognitive’
AI threatens students’ most basic skills. If they lose their ability to understand what they read, will they lose their ability to think?
4 mins
October 31, 2025
The Straits Times
Clean tech can scale up with state support, blended finance: Panel
Such technologies are on the rise across Asean as countries seek to reduce emissions
4 mins
October 31, 2025
The Straits Times
Nearly 700 more children fall ill in Indonesia after eating free school meals
The Indonesian authorities are investigating food poisoning cases involving nearly 700 children in Yogyakarta province this week, after students ate meals prepared under President Prabowo Subianto’s key free school meal programme, an official said.
1 mins
October 31, 2025
The Straits Times
Lim Boon Heng takes 'ultimate responsibility' on failed Allianz-Income union
He and NTUC Enterprise board admit that the offer could have been managed better
3 mins
October 31, 2025
The Straits Times
VACHEROT MASTERS TOUGH MOMENTS
2025’s surprise package happy with how he handled pressure points in win over Norrie
2 mins
October 31, 2025
The Straits Times
TNP merges with Stomp
Refreshed website aims to better resonate with younger audience, attract new readers
3 mins
October 31, 2025
The Straits Times
Malaysia considers live monitoring of school CCTV footage by police
Malaysia's Home Ministry is considering a proposal to link school CCTV systems to the police to enable real-time monitoring and enhance security.
1 mins
October 31, 2025
The Straits Times
Trump asks Pentagon to immediately resume testing nuclear weapons
He says it is necessary to keep up with rivals; Russia and China criticise move
2 mins
October 31, 2025
The Straits Times
Over 350,000 have registered for QR code system at JB checkpoints
More than 350,000 people have registered for the National Integrated Immigration System (NIISe) to use QR code lanes at the Johor-Singapore border.
1 mins
October 31, 2025
The Straits Times
Don't forget human touch as SG60 exhibitions go digital
I recently attended the SG60 exhibition at the Orchard Library. While I appreciate the initiative to celebrate Singapore's 60 years of progress, I would like to share some sincere feedback and suggestions for improvement.
1 mins
October 31, 2025
Listen
Translate
Change font size