Sellers to log in to HDB Resale Portal to register Intent to Sell (valid for 12 months)
HDB
Private Property
Application forms will auto-populate the relevant fields using data from Myinfo, to minimise manual data entry
You have to meet the 7 days cooling-off period before we can grant the buyer an OTP
HDB will verify the information provided and notify you of the acceptance of the application via SMS. The application status will also be updated in the portal.
We will be notified via SMS to endorse the documents on the portal within 6 days from SMS notification
Fees can be paid by Credit Card,
You will be notified via SMS when HDB’s approval letter is posted on the portal.
You will be informed via SMS on the appointment to complete the transaction.
1% Option Fee to be paid by Buyers
4% Option Monies to be paid by Buyers
Payment of Buyer’s Stamp Duties &/or Additional Buyer’s Stamp Duties
Sellers to log in to HDB Resale Portal to register Intent to Sell (valid for 12 months)
Ensure eligibility to sell via the Intent to Sell (e.g. MOP met. Buyers comply with the (EIP) and Singapore Permanent Resident (SPR) Quota for your block)
Settle any outstanding upgrading cost in full
Find out estimated sales proceeds
Plan for next accommodation
Set a realistic selling price
Ensure that the OTP is signed by all the sellers (on page 8 of the OTP) before it is granted to the buyers.
Engage a solicitor
Financial calculation to find out sales proceeds
Legal fees and potential bank penalty if any for loan cancelation.
Sources of prospecting buyers and hence suitable channels for marketing.
Plan for next accommodation
Set a realistic selling price
Engage a solicitor
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