get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Browse New Launch Condos

Find new units for sale

Prefer to do-it-yourself?

Check out how our platform can help

Browse Resale Listings

Connect with sellers through our app

RESOURCES

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

Affordability Calculator

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Prefer to do-it-yourself?

Check out how our platform can help

Post a Listing for Free

Connect with buyers through our app

RESOURCES

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell my HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

HOME E-VALUATION

For tenants

Rent with an Agent

Dedicated experts at your service

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to selling condo/landed

For landlords

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

RESOURCES

How to Lease an HDB

A step-by-step guide to renting HDB

How to Lease a Private Property

A step-by-step guide to selling condo/landed

Do it yourself

Prefer to do-it-yourself?

Check out how our platform can help

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Proptech Agent Service from $2,888

Sell your HDB fast!
Share on facebook
Share on twitter
Share on email
Share on whatsapp

What the new HDB Changes Mean to You

Ohmyhome

Ohmyhome

Share on facebook
Share on email
Share on whatsapp

Buying and selling an HDB resale flat will be easier and faster with the introduction of the new HDB Resale Portal, or is it?

We have summarised the changes in the HDB resale transaction in five categories:

Seq. No. Categories Previous Current
1 Single Platform for Integrated Eligibility Checks You use the HDB InfoWEB to conduct a series of checks, such as:

  • Eligibility to buy or sell the flat;
  • Available quota in the block/neighbourhood for the different ethnic groups and citizenships under the Ethnic Integration Policy (EIP) and Singapore Permanent Residents (SPR) quota;
  • Status of flat upgrading and billing for upgrading works;
  • Recent transacted prices of nearby flats;
Using your SingPass, buyers and sellers of resale flats will submit their applications through the new portal and be guided step-by-step on their respective resale journeys.
2 Increased Convenience You need to enter your data manually in the HDB InfoWEB. Once you register your Intent to Buy or Intent to Sell a flat in the portal, your personal details from the Government’s MyInfo service will be used to auto-populate the application forms
3 Cheaper Valuation Fee
  • A processing fee of $199.25 (inclusive of GST) will be payable to HDB.
  • Buyers who intend to buy a resale flat by using their CPF moneys or a housing loan must submit a request to HDB to confirm the value that will form the basis for determining the housing loan and CPF usage.
  • A valuer will conduct a house visit.
  • A processing fee of $120 (inclusive of GST) will be payable to HDB.
  • The buyer will use the portal to request HDB to confirm the value of the flat to determine your housing loan and/or CPF usage.
  • No valuer will conduct a house visit.
4 Reduced Appointments

After you submit the resale application, you need to attend the HDB First Appointment to verify your documents, work out the sellers’ sale proceeds and assess the buyers’ financial plan.

Then you attend the second appointment 6-8 weeks after the first appointment to complete the resale transaction and sign the documents.

Flat buyers and sellers will need to attend only one appointment with HDB.

The first appointment will no longer be needed as all forms and checks will be completed via the portal. They will only need to attend the resale completion appointment, either at HDB Hub or at their solicitors’ office.

5 Shorter Resale Transaction Time The entire transaction time, from submission to completion of the resale application is 16 weeks.

The entire transaction time, from submission to completion of the resale application, will be shortened by up to 8 weeks from 16 weeks previously, if the buyers and sellers submit the necessary documents promptly.

Overall, the new HDB Resale Portal is part of the HDB’s continuous efforts to streamline its resale process, reduce transaction time and provide added convenience to flat buyers and sellers, compared with the old Timeline of an HDB Seller’s Journey.

With the technological advancements incorporated in the property sector, there is no doubt that what used to be a 16-week transaction is now an 8-week transaction and that a previous physical valuation can now be made online.


Related:


This is only part of the bigger changes that should excite us. Property Technology (Proptech) is on the rise, thus, we need to keep abreast with the process of home selling and buying transactions. For now, we can only imagine how far these breakthroughs could go, but surely, we are in the age that is primarily concerned about speed and efficiency. Brace yourselves for more to come!

You may engage Ohmyhome Agent Service in 4 Simple Steps:

Step 1– Request an Appointment

Step 2– Free Discussion with the Agent

Step 3– Completion of Sale

Step 4– Payment

Call us today at 6886 9009 to request an appointment with our agents, and get your free customised property report.


Related posts:

Subscribe Now

Get a notification every time we upload a new blog post.

Proptech Agent Service from $2,888

Sell your HDB fast!

Featured Blogs

Highlighting unique property views for every Singaporean

get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

Do it yourself

Browse New Launch Condos

Find new units for sale

Prefer to do-it-yourself?

Check out how our platform can help

Browse Resale Properties

Download the app and speak directly to sellers

RESOURCES

Affordability Calculator

Calculate required tax for selling

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

bUY OVERSEAS

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Prefer to do-it-yourself?

Check out how our platform can help

Post a Listing for Free

Download the app and connect with buyers

RESOURCES

Free Home E-Valuation

Know the value of your property in seconds!

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell an HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

get an agent

Rent with an Agent

Dedicated experts at your service

do it yourself

Prefer to do-it-yourself?

Check out how our platform can help

Browse Rental Listings

Download the app and connect with landlords

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to renting condo/landed

get an agent

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

do it yourself

Prefer to do-it-yourself?

Check out how our platform can help

Post a Listing for Free

Download the app and connect with tenants

RESOURCES

How to Lease my HDB

A step-by-step guide to renting out an HDB

How to Lease my Private Property

A step-by-step guide to renting out condo/landed

FEATURED ARTICLES

Ohmyhome Raises US$5M in Series A+ Funding

Ohmyhome, the leading Property 
One-Stop Shop Platform

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Social media

Other