HDB Buy Sell Rent - BUYING A RESALE FLAT

BUYING A HDB RESALE FLAT

login to your hdb.gov.sg portal

Search:  "Intent to buy"

CEA Practice Circular
MND HDB Annex A     Revised HDB Resale Procedure

CEA
APPOINTMENT OF AN ESTATE AGENT

CEA      Form 6     Exclusive Estate Agency Agreement - Purchase of  Residential Property

IRAS  /   INLIS     Proof of ownership

QUICK SUMMARY - BUYER  :

Step 1 Access Loan Eligibility - Get HDB HLE or Private Bank's Letter of Offer (AIP)

Step 2 log in to the HDB portal with Singpass
Buyer submits Intent to Buy

Seller Submits Intent to Sell
Forward both documents to the Agent for preparation of OTP.

Step 3 Buyer confirms intention by paying to the seller a non-refundable  S$1,000/=   Option Fee.

Step 4 Seller Accept buyer's offer,  Sign, and Issue a 21 days Option to Purchase.

Step 5 Buyer arranges for a valuation and HLE or Bank loan AIP/Letter of Offer.

Step 6 Buyer exercises Option within 21 days from Step 3 by paying another S$4,000/= to the seller. 

                 TOTAL OPTION FEE DEPOSIT:  S$5,000

( if this step is not completed,  the whole case is void, and S$1,000 will be forfeited by the seller.)

( if the same buyer comes back a few days later and wishes to proceed,  it will be considered a fresh brand new case.)

Step 7 Proceed for HDB Registration. 

Step 8 Inspecition:  one day before completion, Passover keys if without extension.

Step 9 Completion at Toa Payoh HDB Hub:

All The agents are NOT allowed to attend.

SELLER submits Town Count stamped last bill settlement  (*IMPORTANT:  without this cannot take cheque)
SELLER takes the Final  Cashier Order.

BUYER buy Fire Insurance, Pay to HDB  pay HDB Legal Fee and all necessary calculations by HDB
BUYER takes keys.

Accessing Buyer's Financing Comfortability

The Buyer will need a TOTAL of  S$
in Cash and CPF to buy this flat at

FINANCING - HDB Calculator

HDB - Loan Monthly Repayment Plan Calculator

     BUYING PRICE                

    HDB VALUATION PRICE  

    HDB Registration Fee   $80.00

     Buyer Stamp Duty 

    Additional Buyer Stamp Duty 

     1% Buying Commission

     Legal Fee S$


UTILISE OF FUNDS

     Cash Savings

     All CPF Ordinary Account

           CPF Housing Grant     for First Time Citizen Buyer

Citizen First Timer HDB CPF Enhance Housing Grant (EHG) ($5,000 to $80,000)

Citizen First Timer HDB CPF Family Grant (EHG)

$50K for 4 rooms or smaller flats (monthly household income < $9,000 for past 12 months)

$40K for 5 room or bigger flats   (monthly household income < $9,000 for past 12 months)

$30K for E Condominium (monthly household income < $12,000 for past 12 months)

Citizen Proximity Housing Grant (PHG)

$30,000  - Live with Parent/Child 

$20,000  - Live near Parent/Child 

Citizen First Timer HDB CPF Single Grant

with past 12 months employment condition

$25,000 - Single Grant 

$40,000 - EHG

$15,000 - PHG

1:16 Resale Flat

    Maximum Loan  75% HDB Loan 2.6% ( Citizen ) / Bank Loan 1.9% ( Citizen / PR )

    CPF Ordinary Account 20% 

    Cash 5% or Balance and other fees.

RESALE FINANCIAL PLAN

hdb     Buyers have valid HDB Loan Eligibility / Bank Letter of Offer or Approval in Principle

hdb     Eligibility Check for purchase of new or resale HDB flat

         HDB Eligibility Schemes 

         GETTING  READY WITH  FINANCING

hdb      HDB loan eligibility       Application for HDB Loan Eligibility (HLE)

hdb     getting a Letter of Offer from Private Bank

cpf      CPF Ordinary Account Balance

cpf      CPF Section C "My Statement" 
         to find out your CPF Used and accrued interests used in your current unit
         that you need to return back to your own CPF Ordinary Account
         before 1st Appointment after purchasing a new unit

SEARCHING FOR UNIT

Further Restrictions on PR’s Ownership of HDB Flats

PR’s have to fulfill 3 full years of PR before they are allowed to purchase a HDB property on the resale market. This rule applies to all owners as well as occupiers.

Once you found an ideal unit, you need to confirm carefully the following :

HDB      Ethnic Integration Policy and SPR Quota

           Ethnic Group Eligibility       EIP and SPR Quota

hdb      Eligibility to Sell

hdb       BEFORE issuing a deposit in exchange for an OTP,  login to your HDB portal with your SingPass,  submit the 'Intent to buy"

hdb       Resale Checklist  ( valid for 6 months )  for Buyer  

                  Agent's Login with Singpass to Submit New Resale Checklist

                  Please get ready the following items for registration:

                             ■ Resale flat address

                             ■ All sellers'/ buyers' NRIC numbers

                             ■ Email addresses of all sellers'/ buyers'

                             ■ Contact details of one seller/ buyer

                             ■ Salesperson's NRIC number,
                                CEA registration number,
                                Estate Agent license number and
                                contact information.

                             ■ A scanned copy of the
                                Estimated Sale Proceeds Calculation
                                ( for seller )

                                 and

                                Sales Financial Plan    or      Resale Financial Plan
                                for the next purchase     ( for buyer )
                                (applies only to sellers who plan to buy another HDB flat
                                  Obtained an HLE   HDB Loan Eligibility   Letter   
                                  or LETTER OF OFFER / APPROVAL IN PRINCIPLE if private bank loan ).

                                 IMPORTANT:

                                 Resale Checklist serial number
                                 will be sent to the Seller/Buyer's e mail address
                                 after Agent's Submission.

                                 IMPORTANT: 

                                 SELLER/BUYER  to Login with Singpass On the NEXT DAY
                                 RETRIEVE COMPLETED CHECKLIST
                                 Review, Confirm All information are correct,
                                 Endorse and SUBMIT the Resale Checklist 
                                 IMMEDIATE WITHIN NEXT DAY
                                 with Resale Checklist serial number
                                 that will be sent to the Seller/Buyer's e mail address
                                 on the next day after Agent's Submission.

hdb       Resale Checklist Repository 

                                  Important Notes:

                                  Sellers can only grant the Option to Purchase
                                  at least 7 days after completing and submitting
                                  the checklist to the HDB.

                                  Buyers can only Exercise the Option to Purchase
                                  at least 7 days after completing and submitting
                                  the checklist to the HDB.

                                  The checklist serial number is required
                                  when submitting the resale application.

                                  If you are not able to submit your resale application
                                  within 6 months
                                  after the date the checklist is completed,
                                  you will need to resubmit a new checklist.

                                  This is to ensure that
                                  sellers/buyers are aware of the latest policies
                                  on selling an HDB flat.


                                  All sellers/buyers and their salesperson, if any,
                                  are required to sign on the completed checklist
                                  during the First Appointment.

                                  The completed checklist will be
                                  printed by the HDB for your signing
                                  during 1st Appointment.

                         

                                  Buyers are to discuss with sellers
                                  on attendant issues (if any) of the flat
                                 (  e.g. renovations made,
                                    illegal money lending problems etc.)
                                 and abide by the terms and conditions
                                 for the sale and purchase of the flat.

• The Purpose of the valuation is for buyer to apply for a housing loan or use CPF monies for the flat purchase.   
• Buyers who have sufficient cash to pay for a flat purchase in full do no need a valuatiion.

hdb      Online Submission of  Valuation Request

	Fees Payable for processing of Valuation Request
	Flat Type Payable by buyers 1 & 2-room S$140.40   Valuation Fee: $120   GST : $8.40   Administrative Fee: $12      3-room & larger S$199.25   Valuation Fee: $175   GST : $12.25   Administrative Fee: $12      - Fees payable comprises Valuation Fee and Administrative Fee - Fees paid are non-refundable and includes Goods and Services Tax (GST)

hdb     Online Submission of  Resale Application and VALUATION REQUEST

hdb     Online Submission of  Valuation Request

hdb     BUYER Enquiry on Maximum Loan  (HDB Loan)

hdb     BUYER Resale Financial Plan

hdb     Resale Flat Prices

hdb     Median Resale Prices by town






CLOSING A SALE TRANSACTION

hdb          Option to Purchase             pdf     OTP Form

hdb   pdf      Important Note to Option to Purchase

hdb              Procedure to OTP






ADMINISTRATION

hdb     pdf     Download Saleperson Statutory Declaration for resale application 1st May

hdb            Submission of Resale Application

hdb          Online Submission of RESALE APPLICATION and Valuation Request

hdb          Online Submission of RESALE APPLICATION



hdb    e-Resale Online Submission of Resale Application and Valuation Request

Fees Payable for processing of Resale Application
	Flat Type Administrative Fee payable by buyer and by seller 1 & 2-room S$40 3-room & larger S$80 Fees paid are non-refundable and includes Goods and Services Tax (GST)

hdb           Enquiry on Available Dates Completion Appointment

 hdb          Procedure to submit for Resale Application

hdb             HDB Completion

hdb             HDB Info Web

hdb             HDB Branch Office and Contact List

            

BUYING  A HDB RESALE FLAT

SELLING A HDB RESALE FLAT

RENTING OUT A HDB FLAT