Singapore - Buy a Resale HDB flat

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Procedure

To Buy a Resale HDB flat, the applicant has to approach the Housing and Development Board in Singapore contact link

Pre-purchase
Step 1: Check your eligibility to buy a resale flat that is given in the eligibility section of this page.

Step 2: Calculate your finances Before you purchase a HDB flat, you’ll need to work out your budget and consider the following:

• The amount of cash savings you have
• The amount you have in your CPF account
• How much of your take-home salary you’re willing to set aside to pay for a home loan
• The amount of debt you owe
• Miscellaneous expenses such as stamp duty and home insurance

Step 3: Choose the type of loan If the applicant intend to get a HDB housing loan, he/she need to apply for a HDB Loan Eligibility (HLE) HLE Application letter before the OTP can be granted.

Step 4: Register intent to buy

• The next step is to register your Intent to Buy which can be done via the HDB Resale Portal link.
• Registering allows you to assess your eligibility to buy a resale flat, the grants you’re entitled to, and your eligibility to apply for a HDB housing loan.

Step 5: Receive option to purchase from the seller After the applicant and the flat seller agree on the resale flat price, the seller (and their salesperson, if any) is required to fill up a standard HDB option to purchase (OTP) form and hand it to the applicant. In exchange, the applicant needs to pay a negotiable option fee to the seller. This option fee can range from $1 to a maximum of $1,000.

Step 6: Request a valuation report Apply for a valuation form of the flat by the next working day after the applicant have been granted the OTP.
The applicant will need a valid valuation report if he/ she are,

• Taking an HDB loan;
• Taking a housing loan from a bank;
• Using CPF funds to buy the flat or service monthly loan instalments.

The valuation report will be used by the HDB, the CPFB or the bank to calculate:

• How much the applicant can withdraw from your CPF savings
• How much housing loan can be granted to you; and
• The minimum cash payment you must make.

Step 7: Complete the resale checklist for buyers If the applicant decides to go ahead with the purchase, he/she must complete or endorse the resale checklist for buyers before you exercise the OTP.

Step 8: Exercise your option to purchase (OTP) If choose not to buy: Sign the OTP within 21 calendar days. After signed the OTP, hand it to the flat seller or their salesperson.
Note: The option fee that you paid to the flat seller will not be refunded.

Step 9: Submit the resale application The applicant and the flat seller must submit your resale applications within 7 days of each other. Besides that, both portions must be submitted within the previously agreed number of days on page 4 of the OTP.

Step 10: Attend the first and second appointment
First appointment: The second party to submit their portion of the resale application will book a first appointment at HDB. The appointment date must be mutually agreed on by both parties as both parties are required to be present at the resale first appointment.
Second appointment If the resale application is approved, the HDB will schedule the second appointment 6 to 8 weeks later.

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Required Documents

For the Resale Application:

• For a buyer a scanned copy of completed resale checklist should attach
• A valid HDB loan eligibility (HLE) letter or a letter of offer and acceptance from your bank (if you are taking a housing loan).
• Applicant NRIC

Office Locations & Contacts

Housing and Development Board in Singapore
Sale/resale customer service (counters)
HDB Hub, 480 Lorong 6 Toa Payoh,
Atrium 1st Storey,
Singapore 310480
Sale/resale customer service (telephone)
Tel: 1800 866 3066
Fax (Sales): 6854 3592
Fax (Resale): 6854 3590
Contact details Link

Eligibility

Public Scheme

• You are buying the resale flat with:
• your husband/wife and children (if any) or
• your parents and siblings (if any) or
• your children under your legal custody, care and control (if you are a widowed or divorced)

Fiancé/Finance Scheme

• Buying the resale flat with the fiancé/finance (intending to get married)

Single Singapore Citizen Scheme

• Buying the resale flat on own as a single, that is:
  • An unmarried person,
  • A widowed person or
  • An orphan, or
  • A divorce

Joint Singles Scheme You, and a few others (up to a maximum of 4 applicants), are buying the resale flat as singles, that is:

• unmarried person/s, or
• widowed person/s, or
• orphan/s, or
• divorce/s

Non-Citizen Spouse Scheme

• Buying the resale flat with your wife/husband who is not a Singapore Citizen or a Singapore Permanent Resident

Non-Citizen Family Scheme

• Buying the resale flat with your family members, e.g. parents, who are non-citizens and non-Singapore Permanent Residents

Orphans Scheme

• An orphan are buying the resale flat with your single siblings

Conversion Scheme

• Buying one unit of 3-room or smaller resale flat (adjoining your current 3-room or smaller flat); or
• Buying two adjoining units of 3-room or smaller resale flats (if you currently do not own any flat)

Fees

• The processing fee for each Request for Value is $120

Validity

• The validity is forever.

Documents to Use

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Sample Documents

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Processing Time

• The processing time for this procedure takes up to 12 to 15 weeks.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant must complete the application form before submitting. Incomplete applications will not be accepted.
• Applicant must provide genuine information while applying for this procedure.

Required Information

• Name
• Nationality
• Resident Status
• NRIC/FIN/Passport No
• Employment Pass
• Date of Birth
• Gender
• Residential Address
• Residential No
• Mobile No
• Email Address
• Educational Qualifications
• Work Experience

Need for the Document

• Housing and Development Board (HDB) flats provides affordable housing for the masses. With the help of Central Provident Fund, purchasing these flats can be a possibility.

Information which might help

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Other uses of the Document/Certificate

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e.g. Birth Certificate can be used as proof of identity.

External Links

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Others

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