We had paid deposit and signed OTP for a resale flat in CCK early Mar. Send to HDB for excerise but was rejected by the HDB cos the seller had not get the final approval letter to sell the flat. Currently we are waiting for the final approval letter. The excerise date and valuation reports have since been expired.

Now we are told that the house need to re-value. Based on current market, we are not sure if the valuation will go up or down. Our agreed price was 330K (15K above valuation based on the old valuation report). But if the second valution prce drops? It will be a disadvantage to us cos we have to pay more COV. If it goes up then of cos we are more than happy abt it.

My agent had ask the seller to re-sign the OTP but we have not signed yet cos we are worried that the approval letter from HDB may not be able to finalise.

Do we have a case on the seller for not getting approval from HDB as it has wasted alot of our time.

What is the current valuation for CCK 5 room flat?

eileen