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HDB Resale Process & Timeline – Comprehensive Guide For HBD Owners 2021

Maelyn Lagman

Maelyn Lagman

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Interested in selling your HDB flat? Whether you’re doing it by yourself or with the help of a property agent, the Housing & Development Board (HDB) process is quite fast and hassle-free. Most of the steps are done online via the HDB Resale Portal, ensuring the convenience and safety of both home buyers and sellers.

How long does it take to sell an HDB resale flat?

The procedure for selling an HDB resale flat can take anywhere from 12 to 15 weeks, depending on how quickly you can find a serious buyer and negotiate terms.
Still unsure about where to begin? We’ve created an overview of everything that every aspiring buyer needs to know when purchasing an HDB resale flat.

HDB Resale Procedure: Seller’s Timeline

To make it easier for you to follow the steps involved in selling your flat, we’ve prepared an easy-to-follow timeline of the HDB selling process. Also included are optional steps like applying for the Enhanced Contra Facility (ECF) and Temporary Extension of Stay.

Timeline Steps
Day 1 Step 1: Register your Intent to Sell on the HDB Resale Portal.

  • You need to log in with your SingPass to access the portal.
  • The Intent to Sell registration is valid for 12 months.
Within 3 weeks of registering Intent to Sell Step 2: Determine your asking price.

  • Compute sale proceeds by deducting any outstanding mortgage loans, CPF funds that need to be refunded, resale levy, and any other amounts payable from the projected asking price.
  • Determine the budget and options for your next home.
  • Consider applying for ECF to ensure a smooth transition to your new home.
Weeks 1-2 Step 3: Post a listing and entertain potential buyers.

  • Post your flat’s details with pictures or a video tour on the Ohmyhome app.
  • Schedule an open house or conduct property viewings (remote or physical).
  • Chat with any potential buyers who contact you.
  • Negotiate with the buyer.
Week 2 Step 4: Grant the Option to Purchase (OTP).

  • Assess the offer and agree on an option fee.
  • If you agree on the proposed price and option fee, grant the OTP. You can only issue the OTP seven days after the successful registration of the Intent to Sell.
  • Receive the option fee ranging from $1 to $1,000.
  • Take note of additional conditions like Extension of Stay, early handover, etc. Such conditions need to be agreed upon before you grant the OTP.
Within 21 days of granting the OTP Step 5: Acknowledge the exercised OTP.

  • The buyer needs to exercise the OTP within 21 days from Option grant date.
  • Receive the exercise fee not greater than $5,000 (inclusive of the option fee).
Within the mutually agreed date of submission with the buyer* Step 6: Submit the Resale Application.

  • Both the seller and buyer will submit their Resale Application via the HDB Resale Portal with supporting documents.
  • Indicate if you are opting for the ECF.
  • *Important: Once the first party has submitted their portion of the Resale Application, the second party needs to submit their part within seven calendar days. Otherwise, the application will lapse and you will need to submit the Resale Application again.
  • You can apply for a Temporary Extension of Stay if you cannot vacate your flat even after the sale is legally completed. This is subject to the buyer’s approval and needs to be indicated in the Resale Application. If the extension is approved, you can stay up to three (3) months after the sale is completed.
Within 1 month after the Resale Application has been submitted Step 7: Endorse Resale Documents.

  • HDB will notify you to endorse your supporting documents on the Resale Portal.
  • Confirm the financial statements provided by HDB.
  • Acknowledge Spouse Consent for sale of flat, if applicable.
  • Endorse acknowledgement for Upgrading Programme, if applicable.
  • You will get a notification via SMS or email when the HDB Approval Letter is posted on the portal. The completion date will also be confirmed by HDB.
  • Once all owners have endorsed the documents, you will need to pay the conveyancing fees if you’ve engaged HDB to act for you. If you’ve hired a private lawyer, you need to pay their legal fees before the completion appointment.
1-3 days before the Completion Appointment Step 8: Vacate the flat and conduct the inspection.

  • Move out of the flat.
  • Invite buyers to inspect the vacated flat for possible vacant possession.
  • Terminate any GIRO arrangements related to the flat.
  • Settle any outstanding payments as advised by HDB. This may include the Town Council S&CC fees and property tax.
Within 8-10 weeks of HDB’s acceptance of the Resale Application Step 9: Attend the Completion Appointment.

  • Attend the Resale Completion Appointment at the HDB Hub in person if you have engaged HDB to act for you. If you have engaged a private lawyer, your lawyer can attend the appointment on your behalf. The buyer is also required to do this.
  • Sign the transfer document.
  • Hand over the keys.
  • Receive the prorated property tax refund from the buyer.
  • Receive the cheque for net sales proceeds, if any.

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