To provide more convenience to buyers and sellers of HDB resale flats, the HDB standard Option to Purchase (OTP) form, the only form of contract in HDB resale transactions, is now available in the HDB InfoWEB for download.
Buyers and sellers or their salespersons no longer need to obtain the pre-printed hardcopy OTP form from the HDB. You can now download and print the OTP form in the comfort of your home, at your own convenience and round the clock via the HDB InfoWEB.
You need to print only one copy of the OTP form. Each form has a unique Serial Number. From 1 Aug 2012, buyers and sellers must state the Serial Number of the OTP when they submit a resale application to the HDB.
I believe the soaring HDB price is partly due to ignorance of first time home buyers. When I bought my first HDB many years ago, the property agent never show us the OTP until the day we commit. Many first time buyers act impulsively and never utilize their rights efficiently.
Check the Frequently Asked Questions for more details.