The buyers have exercised the Option to Purchase on 1 January 2024. Both buyers and sellers have agreed to submit the resale application within 30 days under Clause 12 of the Option to Purchase. When must buyers and sellers submit the resale application?
For the resale application to be registered with HDB, the second party must submit his portion of the application within 7 days after the first party has submitted his.
The time period indicated under Clause 12 of the Option to Purchase is a contractual agreement between both parties, and can be extended or expedited with mutual consent.
The time period indicated under Clause 12 of the Option to Purchase is a contractual agreement between both parties, and can be extended or expedited with mutual consent.
This information is sourced from HDB
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