Option 3: The flat will be sold in the open market. 1. The selling price shall be determined in the following manner [please tick where appropriate]: By mutual agreement; □ Not lower than $____________; □ Not lower than __________% of the valuation and the □ valuation is to be determined by: A valuer appointed by the HDB on a loan basis; □ Others [please specify] □ ___________________________on: An open market basis; □ A loan basis; □ others [please specify] □ _________________________. 2. The sale proceeds will be used to [please tick if applicable]: (a) repay the outstanding mortgage loan; □ (b) pay all moneys due to the HDB (including resale levy □ and upgrading levy, if applicable, but excluding the conveyancing, stamp, registration and administrative fees of the sale); (c) refund the CPF moneys used for the flat and Plaintiff’s □ the accrued interest*; (d) refund the CPF moneys used for the flat and □ Defendant’s the accrued interest*; (e) others [please specify] □ _____________________________. 3. If 2(a) or (b) above is not selected and there is an outstanding mortgage loan or moneys due to the HDB [please tick if applicable]: The outstanding mortgage loan will be repaid by: □ Plaintiff $____________* Defendant $____________* The moneys due to the HDB will be repaid by: □ Plaintiff $____________* Defendant $____________*
Option 3: The flat will be sold in the open market. 1. The selling price shall be determined in the following manner [please tick where appropriate]: □ By mutual agreement; □ Not lower than $____________; □ Not lower than __________% of the valuation and the valuation is to be determined by: □ A valuer appointed by the HDB on a loan basis; □ Others [please specify] ___________________________on: □ An open market basis; □ A loan basis; □ others [please specify] _________________________. 2. The sale proceeds will be used to [please tick if applicable]: □ (a) repay the outstanding mortgage loan; □ (b) pay all moneys due to the HDB (including resale levy and upgrading levy, if applicable, but excluding the conveyancing, stamp, registration and administrative fees of the sale); □ (c) refund the Plaintiff’s CPF moneys used for the flat and the accrued interest*; □ (d) refund the Defendant’s CPF moneys used for the flat and the accrued interest*; □ (e) others [please specify] _____________________________. 3. If 2(a) or (b) above is not selected and there is an outstanding mortgage loan or moneys due to the HDB [please tick if applicable]: □ The outstanding mortgage loan will be repaid by: Plaintiff $____________* Defendant $____________* □ The moneys due to the HDB will be repaid by: Plaintiff $____________* Defendant $____________*
Form013_ParticularsOfHousingArrangement.docx