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Showing results for tags '7days'.
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New rule that after give OPT and collecting 1k deposit from a buyer, seller have 7 days to back out and refund the buyer. If the seller already offered OTP to a buyer, can the seller also at the same time offer another OTP to another buyer without first cancelling OTP and refund the 1st buyer? Because OTP is just a pc of paper, no need go through HDB, so seems like nobody can really check if the seller offered multiple OPTs at once, not even HDB. If seller can do that, then this is a big problem. Gamblers can get interest free 7 days $1K loan from many sellers by putting up his flat "for sale". Give 10 OPTs equals $10K/7days loan liao, take the money go casino and punt. Then 7 days later tell all the buyers he not selling. All the buyers won't know that this seller gave out multiple OTPs anyway. Or better yet, i put up my flat for sale every week, then every week collect and spend the deposit money, next week collect more money to pay off the 1st week refund plus more spending $, and continue like this week after week, a new Ponzi scheme.