The buyers have exercised the Option to Purchase on 1 January 2025. 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?

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Accepted Answer

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 buyers have exercised the Option to Purchase on 1 January 2025. 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?

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