7 Steps from Start till You Sell HDB Flat


Updated on 29 Mar 2019

  • 1

    Register Intent To Sell

    Log in to the HDB Resale Portal using your SingPass to start your selling journey.

    If you’re a couple who own the HDB flat, just need one of you to register will do.

  • 2

    Start Marketing Your HDB Flat

    It’s not easy to arrange the time to match your sale and buy part seamlessly.  Plan it timely so that you can fund your sales proceeds for the next purchase.  It’s best to let the professional assist you in marketing.

    2

  • 3

    Grant OTP

    You can only grant an OTP to buyers at least 7 days after registering your Intent to Sell.  When you agree on the resale price, you may accept the buyer’s Option Fee upto $1,000.

    You may download the OTP here. Each OTP comes with its unique serial number. So you can’t reuse the same OTP for another house.

    You have to fill in Page 1, 2, 4 and 8.

  • 4

    Submit HDB Resale Application

    After OTP granted, the buyer will do the valuation request and secure the financial. Within 21 days, the buyer will have to exercise and pay for “Option to Exercise Fee” upto $4,000.

    Then both you and the buyer have to submit HDB resale application.  It doesn’t matter who to submit first, however, the later one must submit within one week after the first one submitted.   Otherwise, the application will be cancelled, and there will be no refund.

    If your flat is 3-room or bigger, you have to pay $80 for the submission.

    4

  • 5

    Wait for HDB Approval

    After the resale submission, just wait for HDB approval. HDB will verify the eligibility of flat sellers and buyers, and review the supporting documents submitted.

  • 6

    Acknowledgement

    If the application is in order, HDB will notify you via SMS and emails within 10 working days, and post the application progress update in the HDB Resale Portal. The date of HDB’s acceptance of the resale application marks the beginning of the 8-week processing time.

    During these 8 weeks, you are required to endorse documents which HDB have prepared for you through the HDB Resale Portal and pay the necessary fees online.  Following which, an appointment will be arranged for buyers and sellers to attend to complete the resale transaction.

    6

  • 7

    HDB Completion

    Before that, you should your service & conservancy fee (SNCC) at your town council.

    You must bring along your original receipt and property tax bill.  If your flat was fully paid, bring along your title deed if you ever redeemed it from HDB.  Remember to cancel your utilities account at SP Service.

    Congrats and you will receive cash proceed (if applicable) on the completion date and CPF proceeds within 2 weeks.

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    7 Steps from Start till You Sell HDB Flat
    0.0 rating based on 12,345 ratings
    Overall rating: 0 out of 5 based on 0 reviews.
    Name
    Email
    Review Title
    Rating
    Review Content
    Stephen Chong
    Stephen Chong
    Lim Ming Hwee
    Lim Ming Hwee
    2022-02-26
    Stephen is a very good agent who goes beyond his way to ensure that his clients are happy. He is very patient and helpful, and will always give good advice.
    Joseph Sze
    Joseph Sze
    2021-12-24
    Stephen is a professional & responsible person who has provided good quality customer services to our recent Condo housing purchase & related matters. I found he has put in great efforts and gone for extre miles to assist us in the whole process and related purchase issues. Excellent work, Stephen!👍🏼👍🏼👍🏼
    SZ Lim
    SZ Lim
    2021-07-20
    Was going thru Stephen's video when I noticed he had a google review panel up. Going to copy paste my review on his FB page from 2019. I still stand by my review. Stephen was very professional throughout our engagement process. I first engaged Stephen as his effort could be seen thru the videos he made. The videos were informative, detailed, yet easy to understand from a beginners point of view. Could also see the improvement of his videos as time passes, and that speaks volumes about one's character on his eagerness to improve and share. During my engagement with him, Stephen was very professional. Since I was very new in the scene, I required alot of guidance and honesty. Stephen was very upfront with me on many items and did not try to hide any facts from me. As a first time buyer, both good and bad prospects were laid out after his detailed analysis on my current financial condition and also on the projects we went to see. Comparing to other agents who will just blab anything that benefits their sales point, Stephen was straightforward and truthful on the issue. I have met quite a few agents but would highly recommend Stephen to people who are looking for properties, be it looking for a place to stay, or looking for a property to invest.
    YingYu Tan
    YingYu Tan
    2021-07-11
    Stephen handled both my HDB sale and new condo purchase. The whole process was fuss-free and smooth. What impressed me was his willingness to go the extra mile for his client, from analyzing every detail and being there for me and my wife every step of the selling/buying process.
    陳若芸
    陳若芸
    2021-07-04
    Cannot believers Mr Stephen posting my rental unit less than 10 mins ? Yes, can't believed it ? but please believed it. 1st day open ..more then 8 enquiry. Mr Stephen was very professional, patient and knowledgeable, he shares all the information i needed, excellent service 💪💪 Rent out my unit within 2 days highly recommended ..BINGO
    Jade Bai
    Jade Bai
    2021-06-30
    We came across Stephen YouTube video and appreciated the tips he is providing. We decided to engage Stephen when we were house hunting. Most people may feel that you can DIY resale hdb buying process. Personally we feel its money well spent engaging Stephen. The whole buying process is swift. Stephen is very prompt in his reply. He did alot of detailed analysis and recommend us the units we can explore. He is very detailed anf meticulous. This process saved alot of time. He also gave us helpful advice on the units we viewed. No hard selling or rush you into hasty decisions 😊
    Adrian Tay
    Adrian Tay
    2021-06-30
    Knowledgeable and professional, Stephen is not the typical agent you will meet. Ever so patient, he will help provide his genuine feedback and never pushy unlike most sales agents. Fortunate to have Stephen walk with me in my property investment journey. Will recommend Stephen to anyone who is looking for a trustworthy agent to walk the mile with.
    michael tan
    michael tan
    2021-06-29
    Very patient and give good advise. I bought ec under him and he sold my hdb.
    CY Goh
    CY Goh
    2021-06-05
    I believe every property investors or home buyers have encounters with numerous property agents. However, how many of you ever met someone with passion and enthusiasm to sit down and analyze each property based on your criteria (budget, requirements like location, size, etc)? Having watched Stephen's videos in YouTube, decided to ping him and the rest is unspoken of. Not only did he helped to narrow down our search, he also analyzed which project has higher prospect and which unit (level, facing, etc) fits our living habits. No complaints, except for not knowing Stephen earlier. Good job Stephen, thank you.
    Esther Cheh
    Esther Cheh
    2021-04-30
    Stephen was the agent assisting us in the purchase of our condo and now to market them for rental. He is extremely helpful, open, transparent and reliable throughout the entire time. He went above and beyond to help us set things up while we are not in Singapore.He is also very professional and knowledgeable about the property market in general. I am confident to leave our condo in his care to find us a good tenant and to manage them in future.