Bishan

Pinnacle

HDB Resale 

Eligibility

You must fulfill a set of eligibility conditions before you can sell your HDB flat. Do note the Minimum Occupation Period (MOP), Ethnic Integration Policy (EIP), and Singapore Permanent Resident (SPR) quota for your block/ neighbourhood. HDB have also compiled additional requirements that may have to be met in the event of bankruptcy, divorce, or death.

Minimum Occupation Period (MOP)

The MOP is the period of time, you are required to phyiscally occupy your HDB flat before you can sell it in the open market.

The MOP is calculated from the date you collect the keys to your HDB flat. It excludes any period where you do not occupy the HDB flat, such as when the whole flat is rented out or when there has been an infringement of the flat lease.

 

MOP Type of Purchase
5 years
  • Flat bought from HDB
  • Design, Build and Sell Scheme (DBSS) flat bought from a developer
  • Flat bought under the Selective En bloc Redevelopment Scheme (SERS) with portable SERS rehousing benefits
  • Resale flat bought from the open market with the CPF Housing Grant
  • 2-room or bigger resale flat bought from the open market without the CPF Housing Grant
  • Flat bought under SERS*

* Or 7 years from the date of selection of the replacement flat, whichever is earlier

N/A
  • 1-room resale flat bought from the open market without the CPF Housing Grant

 Ethnic Integration Policy and Singapore Permanent Resident Quota

Need to ensure that your HDB resale flat is within the EIP and SPR quota for your block/neighbourhood.

Ethnic Integration Policy (EIP)

The EIP ensures a balanced ethnic mix in HDB estates, thereby helping to promote racial integration and harmony.

Singapore Permanent Resident (SPR) quota

If you belong to a non-Malaysian SPR family (i.e. households with no Singapore Citizens (SCs) or Malaysian SPRs), you can purchase a particular HDB resale flat if the EIP and SPR quotas have not been reached. The SPR quota ensures that SPR families can better integrate into the local community. Malaysians are excluded from this quota because of their close cultural and historical similarities with Singaporeans.
 
Citizenship SPR Quota in Neighbourhoods SPR Quota in Blocks
  • Non-Malaysian SPRs
5% 8%
  • Malaysian SPRs
  • SCs
N/A N/A

How the EIP and SPR quota work

You will not be able to purchase a particular HDB flat if the purchase causes your block/ neighbourhood’s EIP and/ or SPR quota to exceed.
 
Buyer Household’s Citizenship Quota to Meet
SC household (At least 1 SC listed as buyer) EIP
Malaysian SPR household (No SC listed as buyer and at least 1 Malaysian SPR listed as buyer) EIP
Non-Malaysian SPR household (All buyers are non-Malaysian SPRs) EIP and SPR
 
There is no restriction on the sale and purchase of an HDB flat if:
  • The proportion of the buyer’s ethnic group/ SPR quota is within the prescribed block/ neighbourhood limits
  • The buyer and you are of the same ethnic group and/ or citizenship type

Eligibility enquiry service

You can check a buyer’s eligibility to buy a HDB flat under the EIP and SPR quota using HDB e-Service. The ethnic proportions and SPR quota are updated on the 1st of every month. They are applicable for resale applications submitted to HDB for that same month. 

 

Additional Requirements

In cases of bankruptcy, divorce, or death, additional requirements may have to be met before the HDB flat can be sold off.

Bankruptcy

Under the Housing and Development Act, as long as 1 of the HDB flat owners is a Singapore Citizen, you will not be compelled to dispose of your flat in the event of a bankruptcy. However, if your flat has been financed with a mortgage loan and you are unable to repay your mortgage either to a bank or to HDB, the bank can seize and sell your flat through a mortgagee sale. HDB can also acquire your flat compulsorily.
The Official Assignee (OA)’s consent is not required if you would like to sell your flat, as long as 1 of the flat owners is a Singapore Citizen. Otherwise, you will need a letter of consent from the OA before you grant your prospective buyer an Option to Purchase.

Divorce

If you go through a divorce after meeting the MOP, you can sell the HDB flat if all eligibility conditions are met.

You need to produce the following documents:

  • Writ for Judicial Separation (previously known as Deed of Separation); or
  • Interim Judgment (previously known as Decree Nisi) and Certificate of Making Interim Judgment Final (previously known as Certificate of Making the Decree Nisi Absolute); or
  • Divorce Certificate (for Muslims); and
  • Order of Court (if any).

An official English translation of these documents by an interpreter of the Supreme Court or Subordinate Courts is required if the documents are not in any of the 4 official languages. Find out more on how to retain your flat after a divorce.

 

Important Note

You (or your salespersons) and your buyer have to submit your respective portions of the HDB resale application separately. A HDB resale application is considered complete only when HDB receive both portions.
You and your buyer should each ensure that all the current eligibility conditions and HDB resale requirements have been met on the date the second party submits his/ her portion of the HDB resale application.
Do check out more details on the submission of resale application.

HDB Resale Policies and Updates

From time to time, HDB update our policies to ensure they remain relevant and continue to meet your housing needs.

Revision of fees for valuations and HDB Resale applications

Check out the revised fees for valuation requests and HDB resale applications. From the effective dates, some fees for valuation requests and HDB resale applications are as follows:

Effective From Revised Fee(s)
1 December 2014 Administrative fee for valuation request : $12
1 December 2014 Application and administrative fees for resale applications : $40 or $80
1 January 2015 Valuation fee : $120 or $175

 

Administrative fee for valuation request (from 1 December 2014)

The fee is revised to $12. From 1 December 2014, up to 31 December 2014, valuation request charges are:

Flat Type Amount Payable by the Buyer
1- and 2-room $135.05

  • Valuation fee: $115
  • GST: $8.05
  • Revised administrative fee: $12
3-room and bigger $193.90

  • Valuation fee: $170
  • GST: $11.90
  • Revised administrative fee: $12

 

Application and administrative fees for HDB resale applications (from 1 December 2014)

For HDB resale applications, the fees are revised as follows:

Flat Type Amount Payable by the Buyer and Seller
1- and 2-room $40
3-room and bigger $80

 

Valuation fee (from 1 January 2015)

The valuation fees are revised as follows:

Flat Type Amount Payable by the Buyer
1- and 2-room $140.40

  • Revised valuation fee: $120
  • GST: $8.40
  • Administrative fee: $12
3-room and bigger $199.25

  • Revised valuation fee: $175
  • GST: $12.25
  • Revised administrative fee: $12

  

HDB Resale – Temporary extension of stay by sellers

In effect from 22 July 2014, the Temporary Extension of Stay allows for a seller to continue staying in the flat for a maximum of 3 months after the legal completion of the HDB flat sale, i.e. by the time of the completion appointment. The Temporary Extension of Stay by Sellers is subject to the agreement of the buyer.

Learn more about the temporary extension of stay.

Additional Information

When considering whether to sell your HDB flat, be sure to plan for your next home and assess the financial matters relating  to the HDB flat sale. You should also review this additional information, which gives details on matters that might apply to you in future.

 

Resale Levy

If you previously bought a new HDB flat from HDB, Design, Build and Sell Scheme (DBSS)flat or Execuitve Condominium (EC) from  developer, or received a CPF Housing Grant, find out if you need to pay a resale levy when you purchase your next home

The resale levy maintains a fair allocation of public housing subsidies between first-timers and second-timers by reducing the subsidy enjoyed for the second HDB flat or EC.

Half-resale levy for Singles Grant recipients

If you are Singles Grant recipient, you only need to pay half the resale levy amount when you subsequently form a family and buy/ take over ownership of a second subsidised flat.

Situations in which a resale levy is payable

You need to pay a resale levy in either of these cases:

  • You sell your subsidised flat after meeting the Minimum Occupation Period (MOP), and then buy a second subsidised flat from HDB or take over ownership of a subsidised HDB flat
  • You sell your subsidised flat after meeting the MOP, and then buy an EC from a developer where the land sale was launched on or after 9 December 2013, including those where tenders were not closed, i.e. Westwood Avenue, Canberra Drive and Anchorvale Crescent

You need not pay a resale levy if you are buying any of these:

  • Design, Build and Sell Scheme (DBSS) flat from a developer
  • EC from a developer; where the land sale was launched before 9 December 2013
  • HDB resale flat
  • Private residential property

Resale levy amount: first subsidised HDB flat sold on or after 3 March 2006

This fixed resale levy amount gives greater certainty for financial planning, be it for upgrading to a larger flat, or right-sizing to a smaller HDB flat.

First Subsidised Flat Type Resale Levy Amount
Households Singles Grant recipients
2-room $15,000 $7,500
3-room $30,000 $15,000
4-room $40,000 $20,000
5-room $45,000 $22,500
Executive $50,000 $25,000



Resale levy amount: first subsidised flat sold before 3 March 2006

For cases where the first subsidised HDB flat was sold before 3 March 2006, a graded resale levy applies.

First Subsidised Flat Type Resale Levy Amount Based on resale price of the sold flat, or 90% of its market valuation, whichever was higher
Households Singles Grant recipients
2-room 10%* or 15% 5%* or 7.50%
3-room 20% 10%
4-room 22.50% 11.25%
5-room and Executive 25% 12.50%

*Only applicable to 2-room flat sellers that upgrade to a larger flat type.

If the graded resale levy was not paid when you sold the first subsidised HDB flat, i.e. you opted to defer the payment until you purchase/ take over another HDB flat, interest at a prevailing rate of 5% per annum is charged.

Waiver of Interest for Elderly

If you have sold your first subsidised HDB flat before 3 March 2006 and right-size to a new 2-room or 3-room HDB flat from November 2015 sales launch onwards, you will pay only the percentage resale levy, with the interest waived, if you and your spouse are aged 55 and above at the point of the new flat application. The resale levy payable is subject to a minimum payment of $15,000 for 2-room, $30,000 for 3-room, $40,000 for 4-room, $45,000 for 5-room, and $50,000 for Executive flat. These amounts are the resale levy payable by second-timers who sold their first subsidised HDB flat on or after 3 March 2006.

Paying the resale levy

The resale levy payable is determined at the point you book your second subsidised HDB flat.
It applies regardless of ownership type (joint-tenancy or tenancy-in-common) or shared interest in the flat. Payment can only be made by way of your flat sale proceeds and/ or cash. HDB mortgage financing will not be extended to the payment of a resale levy.

When and how payment is made

Flat Sale Timeline Resale Levy Payment
First subsidised flat sold after taking possession of the second subsidised flat
  • Resale levy deducted from the sale proceeds upon the sale of the first subsidised flat
  • Any shortfall to be paid in cash
First subsidised flat sold before taking possession of the second subsidised flat
  • Resale levy paid in cash upon taking possession of the second subsidised flat

 


 

 

Power of Attorney

When buying or selling a flat, you may need a Power of Attorney if you are unable to attend to certain matters personally.

When is the Power of Attorney required?

A Power of Attorney (PoA) is a legal document that allows a person (‘donor’) to appoint another person (‘attorney’) to act on his behalf and in his name on matters specified in the PoA.

When buying or selling an HDB flat, certain matters must be attended to at different stages of the process. For example, signing of documents, such as:

  • Option to Purchase
  • Agreement for Lease
  • Deed of Assignment
  • Lease-in-Escrow
  • Mortgage-in-Escrow

The PoA is required if you are unable to attend to these matters personally. You are advised to consult a private solicitor in Singapore to prepare the PoA.

What must you and your private solicitor do?

Step 1: Preparing the PoA

You must get a solicitor to prepare the PoA.

Step 2: Signing the PoA

The PoA has to be signed by you in the presence of your solicitor. If you are already overseas, you must sign the PoA in the presence of one of the following parties:

  • Notary Public
  • Singapore High Commission
  • Singapore Ambassador in the country of your stay

Step 3: Registering the PoA

After your PoA has been signed, your solicitor will register the PoA with the High Court Registry.

Step 4: Submitting required documents to HDB

Once the PoA has been registered, you need to submit any one of the following documents to HDB:

  • Original PoA + 1 photocopy
  • Certified true copy from the High Court + 1 photocopy
  • 2 certified true copies of the PoA by an Advocate and Solicitor
  • A letter from the solicitor confirming that the standard format for PoA provided by HDB has been used
  • Certified true copy by an Advocate and Solicitor together with the computer printout with the High Court seal. This is required in cases where PoA has been registered through the Electronic Filing System

Important points to note:

  • If you are going overseas, you are advised to obtain the PoA before leaving the country
  • The PoA cannot be used for the signing of the following documents, which you must personally sign:
    • Application Form
    • Statutory Declarations (you must sign in the presence of a Commissioner of Oaths or Notary Public)
    • Any undertakings
  • If you have submitted an original PoA or a certified true copy of the PoA from the High Court to HDB, it will be returned to your solicitor. This is after the Lease & Mortgage document has been registered with the Singapore Land Authority
  • However, certified true copies of the PoA by your solicitors will be retained by HDB

 

Options for Your Next HDB Flat

Planning for your next HDB flat should go hand in hand with the flat you are intending to sell. Here are some pointers on how you can begin searching for your next home. 

From HDB

You may be able to purchase your next HDB flat directly from us. Check out the following information:

From the open market

Another option is to purchase a HDB resale flat from the open market. Check out the following information:

If you intend to buy a resale flat using the sale proceeds and refunded CPF money from your current HDB flat, you can apply for the Enhanced Contra Facility

From private developers

Private developers offer Design, Build and Sell Scheme (DBSS) flats and Executive Condominium (EC) units. The eligibility conditions are similar to that for buying an HDB flat. 

DBSS flats

DBSS flats offer greater design options as developers are free to decide the designs, finishes, as well as size and unit configurations. Check out the following information:

ECs

ECs offer design and facility options similar to private condominiums, at competitive prices. Check out the following information:

 Financial considerations

Financial planning is important and should be done before your next purchase. To help you better plan your finances, you may refer to:

 


 

Taking a second HDB loan

If you plan to apply for a second HDB concessionary rate loan, do note that the loan amount has to be reduced by using your full CPF proceeds and part of the cash proceeds from the sale of your current or immediate past HDB flat.

You may keep $25,000 or half of the cash proceeds, whichever amount is more. We will take into account the remaining part of the cash proceeds when determining the amount of the second loan to be granted to you.

The right-sizing of loan amount ensures that you do not take a larger second concessionary loan than necessary, and can help to reduce the likelihood of subsequent mortgage arrears.

Check out the following 2 scenarios you can find yourself in:

If you are buying a resale flat after selling your current flat

You have to use up to half of the cash proceeds from the sale of your current or immediate past HDB flat, and all of the CPF balance to finance the purchase of your next flat. This applies regardless of when you sold your previous HDB flat.

If you are buying a flat before selling your current flat

As you would not have received the proceeds from the sale of your existing HDB flat when you apply for an HDB loan, HDB will grant you a bigger loan at commercial interest rates.

The commercial interest rate is pegged to the 3-month average non-promotional interest rate for purchase of HDB flats offered by the 3 local banks. Currently, the rate is 3.38%.

After the sale of your currentHDB  flat, you will have to redeem this loan with the full CPF refund and part of the cash proceeds from the sale of your existing flat. Upon redemption, the loan will be converted to a concessionary rate loan.

Costs and Fees

When you sell your HDB flat, you should also take into account the costs and fees that you may need to pay:

  • Resale application administrative fees
  • Legal fees
  • Property tax
  • Service and conservancy charges

HDB Resale application Administrative fees

For the submission of the HDB resale application, both the buyer and seller will need to pay an administrative fee of $40 or $80, depending on the HDB flat type.

Flat Type
Resale Application Administrative Fee*
(Payable by buyer and seller)
1 and 2-room
$40
3-room and bigger
$80
* Fees paid are non-refundable and include GST. Payments are made via credit card when using the e-Resale system, and via GIRO when using the Estate Agent Toolkit.

Legal fees


If you engage HDB’s solicitor to act for you in the purchase, you can get an estimate of the cost using our Legal Fees Enquiry e-Service. If you engage your own solicitor, they will advise you on the fees. More information on the breakdown of legal fees is detailed below.

 

If HDB’s solicitor is acting for you

 

Type of Fee Amount
Conveyancing fees To HDB (Subject to GST) For transfer (Based on selling price and subject to a minimum fee of $20; fee is rounded up to the nearest dollar)

  • First $30,000: 6.75 cents per $100 or part thereof
  • Next $30,000: 5.40 cents per $100 or part thereof
  • Remainder: 4.50 cents per $100 or part thereof

For total discharge of mortgage

  • 1-room flat: $22
  • 2-room flat: $33
  • 3- room flat: $44
  • 4-room flat: $55
  • 5-room flat: $66
  • Executive flat/ maisonette: $77
Registration and microfilming To Registry of Land Titles and Deeds For title search fee

  • $10.40

For total discharge of mortgage

  • $38.30
Miscellaneous fees To HDB (Subject to GST)
  • $5

 

If HDB’s solicitor is not acting for you

 

Type of Fee Amount
Conveyancing fees To HDB (Subject to GST) For transfer

  • Not applicable

For total discharge of mortgage

  • 1-room flat: $22
  • 2-room flat: $33
  • 3- room flat: $44
  • 4-room flat: $55
  • 5-room flat: $66
  • Executive flat/ maisonette: $77
Registration and microfilming
  • Not applicable
Miscellaneous fees
  • Not applicable

 

Seller’s Stamp Duty

Most HDB flat owners would not have to pay the Seller’s Stamp Duty when they sell their HDB flats as they would have met the minimum occupation period before they do so.  However, those who have recently become the flat owners by way of transfer may be affected by it.  You may check with IRAS to find out more about Seller’s Stamp Duty.

Property tax

As the seller, you need to pay the HDB flat’s property tax up to the end of the year. Please submit the official tax payment receipt to us at your HDB flat sale completion appointment.

For the amount due, please check the Inland Revenue Authority of Singapore’s myTax Portal.

Service and conservancy charges

Your service and conservancy charges are to be paid up to the date of completion (i.e. completion appointment date). Please submit the receipt for this payment to HDB at your flat sale completion appointment.

For the amount due, please check with your Town Council.

Other payments

You may also have to pay the following:

 


 

Legal Fees

If yours is a mortgage loan from HDB, we can provide legal services for your HDB flat sale. These include:

  • Acting in the flat sale
  • Discharging of the HDB loan

You can use our Legal Fees Enquiry to find out the estimate cost for these legal services. Please note that:

  • Legal fees are subject to GST
  • The figures provided are only an estimate
  • The figures do not include stamp fees, registration fees, and other disbursement

 


 

Planning

Here is some useful information on your HDB flat sale proceeds. Do plan the financing for your next home and manage your sale proceeds accordingly.

Computation of sale proceeds

Your final sale proceeds from selling your HDB flat is the purchase price minus the following:

  • Outstanding mortgage loan
  • Return of CPF funds used with accrued interest
  • Earlier-received deposit (up to $5,000; from option fee and deposit)
  • Any other amounts payable, e.g. resale levy, upgrading costs, etc.

For an estimate of your final amount, try our Sale Proceeds Calculator.

Outstanding mortgage loan

When sold, the sale proceeds from your existing HDB flat must be used to pay off that existing flat’s mortgage loan (if it is not yet fully paid for).

If the purchase price from your flat sale is less than your outstanding mortgage amount, you need to:

  • Give the deposit received in cash from your buyer to HDB; the amount will be used to offset/ settle the shortfall and any CPF refund
  • Pay any remaining shortfall in cash to the lending party, i.e. HDB or your lending bank

To find out your outstanding loan amount:

  • Check My HDBPage; at ‘My Flat > Purchased Flat > Financial Info’ (for housing loans from HDB)
  • Ask the lending bank (for housing loans from a bank)

CPF monies used

Any CPF monies used for the purchase of your existing HDB flat are to be returned with accrued interest to your CPF account when you sell that flat. Please check with the CPF Board for more information on the CPF refund and note the further conditions for those aged 55 and above.

AHG/ SHG Recipients

The first $60,000 of housing grants will be credited to your CPF Ordinary Account. Any excess grant amount will be credited to your CPF SA and MA.

Resale levy

A resale levy is payable when buying a second subsided HDB flat or certain Executive Condominiums. You might thus want to set aside the resale levy amount using the sale proceeds you receive.

Upgrading costs

Upgrading costs are to be paid by the HDB flat owner as of the date the bill is issued. This means that you need to pay the cost for any upgrading programme works at your flat/ block if the billing date of the invoice is earlier than the completion of your flat sale (completion appointment).

You can check the upgrading status of an HDB block using our e-Service.

Upgrading Levy

If your existing flat is in an upgraded precinct, you may have to pay an upgrading levy after you sell that HDB flat. The 10% upgrading levy is calculated based on the higher of either:

  • The declared selling price of the flat, or
  • 90% of the market value of the flat.

Who needs to pay the upgrading levy?

  • Singapore Citizen (SC) households who have benefitted from the previous Main Upgrading Programme (MUP) (discontinued from August 2007) 2 times or more
  • Singapore Permanent Resident (SPR) households whose flats were upgraded under MUP (Batch 6 and before)

As of 11 April 2005

The following flat owners need not pay any upgrading levy:

  • SC owners who sell their second or subsequent MUP flat (Batch 7 onwards)
  • SPR owners who sell their MUP flat (Batch 7 onwards)

SPRs who do not wish to pay the full upgrading cost cannot sell their flats back to HDB if they have already met the Minimum Occupation Period for the flat, i.e. the flat is to be sold in the open market.

There will be no refund for the following households:

  • Those already billed as second-timers
  • Those who paid the upgrading levy (in full or by instalment) before 11 April 2005

 


 

Estimated Sales Proceeds

Before you decide on whether to sell your flat, use our Sales Proceeds Calculator to evaluate your financial position and get an estimate of the cash proceeds you might receive. The information will be useful in your financial planning, and when budgeting for your next flat.

To get a better estimate of the cash proceeds from your flat sale, please prepare the following details:

  • Estimated resale price (check past resale prices to gauge the current resale market)
  • Outstanding mortgage amount (check My HDBPage or with your lending bank)
  • CPF monies utilised (check your CPF account)
  • Any other outstanding payments due to HDB

Timeline

When selling your HDB flat, you should do some planning to ensure that you have enough time to make the necessary preparations to move out of the flat.

Overview

Generally, a smooth resale transaction takes about 6 to 8 weeks to complete, from the date of the First Appointment.

Estimated time taken to complete the sale

The transaction time depends on several factors:

  • Eligibility of both buyers and sellers
  • Mortgage housing loan obtained by buyers
  • Withdrawal of CPF monies for buyers and refund of CPF monies for sellers
  • Liaison with solicitors (if applicable)

Preparation

You need to check your eligibility to sell your flat and estimate the sales proceeds to plan for your next home.

Regularising unauthorised renovation works (if any)

After we receive the sellers’ application, an inspection of the flat will be carried out by an officer from the HDB Branch. The purpose of the inspection is to check for unauthorised renovation works in the flat that may damage HDB property and affect the structural stability of the flats or building.

The inspection is not to find out the value of the flat, the condition and safety of the renovation works, or compliance with any legislation for any installation of fittings or fixtures in the flat.

You will be informed of the inspection date in the resale First Appointment letter.

If there are any unauthorised renovation works in the flat, you must make sure that they are rectified before the completion of the resale transaction.

Attend appointments

The buyers and the sellers must personally attend 2 appointments at HDB.

  • The First Appointment usually takes place between 4 to 5 weeks from the date of submission of the resale application. We will mail the approval letter for the resale purchase transaction to the sellers and buyers within 2 weeks after the First Appointment
  • The Completion Appointment is generally scheduled about 6 to 8 weeks from the date of the First Appointment

Important Note

If the sellers are unable to attend personally to matters relating to the sale of their flat, they will need a Power of Attorney (PoA). These documents must be signed by the sellers, and cannot be signed by an attorney:

  • Resale Checklist for Sellers
  • Application form
  • Statutory declarations (must be signed in the presence of a Commissioner of Oaths or Notary Public)
  • Undertakings

Deliver vacant possession of flat upon HDB resale completion

You have to vacate the flat by the resale Completion Date. You cannot continue to stay in the flat after the completion of the sale, as you are no longer the flat owners.

If you need more time to vacate the flat, you can arrange with the buyers to extend your stay temporarily in the flat for up to 3 months after the legal completion. In order to do so, you must have committed to buy a completed housing unit in Singapore (another HDB flat or private residential property).

More details on temporary extension of stay for flat sellers.

 


 

Documents & Checklists

When selling your flat, you will need to provide certain documents to HDB.

Appointments with HDB

Please provide us with these documents during your First Appointment:

  • Original along with 1 photocopy of Identity Cards of sellers or Passports, if Identity cards are not available
  • Duplicate Lease, if it has been issued
  • Wife/ husband’s endorsement on the resale application form and Spouse Consent to Resale form if she/ he is the occupant of the flat
  • Power of Attorney, if applicable
  • Original Serialised Resale Checklist for sellers if you have used the hardcopy Resale Checklist and have deposited it in the Resale Checklist Repository on or before 30 November 2013

Additional documents needed, if seller is deceased:

  • Death certificate of sellers and 3 photocopies
  • Grant of Letter of Administration/ Probate, if applicable
  • Last will of the deceased, if applicable
  • Order of Court to sanction the sale, if applicable

If the documents to be submitted are in languages other than English, Chinese, Malay or Tamil, an official translation in English of these documents is required.

Additional documents needed if the sellers are divorced or separated

  • Deed of separation or Interim Judgment (previously known as Decree Nisi) and Certificate of Making Interim Judgment Final (previously known as Decree Nisi Absolute)
  • Order of Court, if any
  • Any other documents of the divorce

If the above documents are in languages other than English, an official translation in English of these documents by a sworn interpreter of the Supreme Court or Subordinate Courts is required.

Additional documents needed, for Singapore Permanent Resident households where seller is bankrupt

  • Letter from the Official Assignee to consent to resale

Additional documents needed if the sellers are requesting temporary extension of stay

Sellers need to submit one of the following documents as proof of purchase of a completed residential property in Singapore that is ready for occupation:

  • An Option to Purchase which has been exercised
  • A Sales and Purchase Agreement which has been executed
  • Other evidence of purchase, e.g. letter by solicitor confirming the taking possession or date of taking possession of property

HDB Resale Checklist

You must complete the Resale Checklist using the Resale Checklist for Sellers/ Buyers e-Service at least 7 days before you exercise the Option to Purchase to buyers.

Find out more about Resale Checklist for Sellers here.

 


 

Downloadable Forms

Application for Enhanced Contra Facility

Application for Enhanced Contra Facility in the Resale of HDB flats.


Application for Enhanced Contra.pdf (PDF, 36 KB)

Request for Temporary Extension of Stay by Flat Sellers

This form is to be completed if both flat sellers and buyers wish to request for the temporary extension of stay by flat sellers and had not indicated the request in their resale application. The completed form (with supporting documents) has to be submitted to and signed in the presence of the HDB’s Customer Relations Manager before the resale completion date.


Request for Temporary Extension of Stay (4 May 2015).pdf (PDF, 98 KB)

Salesperson Statutory Declaration for resale applications

Salesperson Statutory Declaration for resale applications.


SalespersonSD _1 May 2012_.pdf (PDF, 20 KB)

Spouse Consent to Resale

This form is to be completed if the seller(s)’ spouse is not an owner of the flat. Spouse must attend the first appointment and sign this form in the presence of our Customer Relations Manager (Resale). If the occupier spouses are not in Singapore or residing overseas, we will require the spouses to sign this form in the presence of a Notary Public.


spouse consent to resale.pdf (PDF, 41 KB)

Standard Option to Purchase

Standard Option to Purchase, the contract used in a resale transaction.


[Click Here]

HDB Resale Checklist for Sellers

Before you start to market your HDB flat for sale, you should go through the Resale Checklist first. It highlights the key policies and procedures that you should take note of before you commit to selling your flat, that is, before you grant the Option to Purchase. You need to complete and submit the checklist to HDB online via the Resale Checklist for Sellers/ Buyers e-Service at least 7 days before you grant the Option to Purchase to the flat buyer.

How to submit the HDB Resale Checklist:

For sellers who have engaged the services of a salesperson

Completion of Resale Checklist by Salesperson
Step 1 Salesperson Log In If you have engaged the services of a salesperson, your salesperson needs to go through and complete the checklist with you and your co-sellers (if any). The salesperson logs in to the Resale Checklist for Sellers/ Buyers e-Service using his SingPass and clicks on the ‘Submit New Checklist’ button.
Step 2 Provide Personal Particulars The salesperson provides his particulars, the particulars of all the sellers, and the email address of one of the sellers.
Step 3 Complete Checklist The salesperson will then go through every item in the checklist with all the sellers. You need to provide the address of your next housing. If you are planning to buy another HDB flat, the salesperson will have to work out the estimated sale proceeds from selling your flat and the estimated financial plan for your next flat purchase. The salesperson may use the following e-Services to do the calculations: • Sale Proceeds Calculator e-Service (Proceeds from the sale of your flat) • Sales Financial Plan e-Service (To buy a flat from the HDB) • DBSS Financial Plan e-Service (To buy a DBSS flat) • Resale Financial Plan e-Service (To buy a resale flat)
Step 4 Review Data and Submit Checklist for Seller The salesperson can review the information entered before he clicks on the ‘Submit’ button, for one of the sellers to endorse the checklist. An acknowledgement page with a checklist serial number will be displayed and a copy will be sent to the email address provided.
Endorsement of Resale Checklist by Seller (This should be done by one of the sellers, latest by the next day from the date the salesperson completes the checklist)
Step 5 Seller Log In Upon successful submission of the checklist, you, as the seller who is endorsing the checklist, needs to log in to the Resale Checklist for Sellers/ Buyers e-Service using your SingPass and click on the ‘Retrieve Completed Checklist’ button. You need to provide the serial number of the checklist that the salesperson had completed.
Step 6 Review Data and Submit Checklist You can review the information in the resale checklist completed by the salesperson, and confirm that the salesperson has gone through the checklist with you and all your co-sellers before clicking the ‘Submit’ button to submit the checklist to the HDB. An acknowledgement page with the same checklist serial number will then be displayed and a copy will be sent to your email address.

Sample copies of the checklist (for reference)

Important Notes
  • Sellers can only grant the Option to Purchase at least 7 days after completing and submitting the checklist to 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 are aware of the latest policies on selling an HDB flat
  • All sellers and their salesperson, if any, will have to sign on the completed checklist during the First Appointment. We will print the completed checklist for you

 


 

Option to Purchase

You and the buyers must use the HDB-prescribed Option to Purchase (OTP) as the form of contract in the transaction. Any other agreements and supplementary agreements relating to the sale or purchase of the HDB flat are not valid under the Housing and Development Act. You can download a copy of the HDB-prescribed OTP form. Please print only 1 copy of the OTP as each form has a unique serial number. You must state the serial number of the OTP when you submit a HDB resale application to HDB. All OTP granted must be in the new prescribed OTP form. More details in thepress release dated 10 March 2014 or in our Frequently Asked Questions.

Steps to enter into a contract using the OTP

Do read these documents before entering into a contract:

Step 1: Negotiate and agree on the HDB resale price

You and the buyers have to negotiate on the HDB resale price of the flat and decide on the price willingly. You can make use of the Resale Flat Prices e-Service to check the resale transacted prices for the past 2 years to assist you in making an informed decision. All resale transacted prices are updated daily based on HDB’s registration of the resale applications received. When entering the OTP:

  • You and the buyers must declare the true resale price of the flat to HDB
  • Salespersons must also declare all relevant information relating to the resale transaction in the Salesperson Statutory Declaration.

The penalty for false declaration includes a fine and/ or up to 3 years’ imprisonment. You and the buyers must not enter into any of the following:

  • Supplementary/ other agreements
  • Arrangements that may cause the true resale price as declared to be inflated or understated

The penalty for false information includes a fine of up to $5,000 and/ or up to 6 months’ imprisonment.

Step 2: You grant the OTP to the buyers

You can only grant an OTP to buyers at least 7 days after going through the HDB Resale Checklist. You should use this cooling-off period wisely and consider the housing options available to you. If you decide to sell your flat, you may grant an Option to the buyers, to sell the HDB resale flat at the agreed resale price. You or the buyers must fill in these sections in the OTP:

Page 1

  • Option Date
  • Flat address
  • Purchase price (resale price of the flat)
  • Option Fee (between $1 to $1,000)
  • Option Expiry Date (21 calendar days from the Option Date [including Saturday, Sunday and public holidays]. E.g. If seller grants Option to you on 1 Apr, the Option will expire on 22 April at 4pm)
  • Names and NRIC numbers of all the sellers and buyers

Top half of page 8

  • Option Date
  • Flat address
  • You and all the co-owners of your flat must sign on the OTP
  • A witness must sign on the OTP (your salesperson or any person who is a Singapore Citizen or Singapore Permanent Resident aged 21 years or above and not involved in the resale transaction)

You are required to sign on the OTP in exchange for an Option Fee from the buyers. The Option Fee should be a sum between $1 to a maximum of $1,000, to be negotiated between you and the buyers. Once you have granted the Option to the buyers, you cannot grant an Option to another buyer until it expires.

Important Note:

  • Only flat buyers or their salespersons can submit a request for valuation. The request can only be submitted after the sellers have granted the buyers an OTP
  • More details in the Press Release dated 10 March 2014

Step 3a: Buyers exercise the OTP if they wish to proceed with the purchase

The Option period is 21 calendar days (including Saturday, Sunday and public holidays) from the date of granting the OTP (refer to Step 2). It expires at 4pm on the 21st calendar day. If the flat buyers wish to purchase the flat, they have to exercise the Option within the Option Period. To exercise the Option, you or the buyers must fill in:

  • Clause 6.1 (c) on page 2 of the OTP: Option Exercise Fee
  • Clause 12 on page 4 of the OTP: Number of days from the date of exercising the Option that you and the buyers have agreed to submit the resale application to HDB
  • Bottom half of page 8 of the OTP: All buyers must sign on the “ACCEPTANCE” section in the OTP. A witness must sign on the OTP (their salesperson or any person who is a Singapore Citizen or Singapore Permanent Resident aged 21 years or above and not involved in the resale transaction)

When the buyers exercise the OTP, the buyers will need to pay a deposit to you. The deposit, including the Option Fee previously paid in Step 2, must not exceed $5,000 in total. The amount of deposit is negotiated between you and the buyers.

Step 3b: Let the OTP expire if the buyers do not wish to proceed with the purchase

If the buyers do not wish to proceed with the purchase, that is, exercise the OTP, you need not do anything but wait for the Option Expiry Date to lapse. The buyers will forfeit the Option Fee previously paid in Step 2; you may keep the Option Fee.

Step 4: Decide when to submit the HDB resale application

After the buyers have exercised the Option, you and the buyers have to decide when both of you wish to submit a HDB resale application to HDB. Your portion of the resale application and the buyer’s portion of the resale application must be submitted 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.
Important Note:

You and the buyers (or their salesperson) have to submit the respective portions of the resale application separately. A resale application is deemed complete only when the HDB receives both portions of the resale application. You and the buyers should ensure that all the prevailing eligibility conditions and resale requirements are met, on the date the second party submits his portion of the resale application. More on submission of resale application.

 


 

HDB Resale Application

You and the buyer must submit your resale application online via the e-Resale service. Salespersons can use the Estate Agent Toolkit to submit resale applications on behalf of their clients. On receiving the resale application from both parties, HDB will assess the eligibility of the buyer and the seller. You and the buyer should ensure that both of you meet all the eligibility conditions and resale requirements before the second party submits his portion of the resale application.

How do I submit a HDB resale application?

If you have not engaged the service of a salesperson, you can submit your application using the the e-Resale service. The buyer’s and seller’s portions of the resale application do not need to be submitted using the same service.

When must the resale application be submitted to HDB?

You and the buyer (or the salesperson) can proceed to submit the resale application after you have exercised the Option to Purchase (OTP). There are 2 important time-specific requirements to observe when submitting your resale application:

(i) Submission by the second party within 7 calendar days

Either you or the buyer can submit your portion of the resale application first. After the first portion is submitted, the second party must submit his portion within 7 calendar days. If this is not done, the application will lapse and both parties will have to restart the process.

(ii) Submission of application to HDB (according to Clause 12 of the OTP)

Under Clause 12 of the OTP, you and the buyer will agree on the time frame to submit your HDB resale application to us, as shown below:

Clause 12 of Terms and Condition for Sale and Purchase:

The Seller and Buyer will within ________ calendar days from the date of exercise of this Option, jointly apply to the HDB for its approval for the sale and purchase of the Flat. This is a contractual agreement between you and the seller. The time frame can be extended with mutual consent.

Who has to submit the HDB resale application?

You and the buyer will have to submit your respective portions of the resale application. If you have engaged the services of a salesperson, the salesperson may submit the application on your behalf.

What are the information and documents to be provided? Is any payment required for the HDB resale application?

In the application, you will have to provide information relating to your flat purchase as well as your personal particulars. If you have submitted your Resale Checklist via the Resale Checklist for Sellers/ Buyers service, you will have to provide the serial number of the Resale Checklist. You and the seller must each pay a non-refundable administrative fee.

How can I book the HDB Resale First Appointment?

The second party who submits his portion of the resale application can book the First Appointment. Both parties must agree on the appointment date and time. You and the buyer may use the Enquiry on Available Dates for Resale First Appointment service to check the available dates and time slots for the First Appointment. You should discuss and agree on the date and time before making the appointment. You can make changes to the First Appointment date and time online via My HDBPage, after you have received the First Appointment letter from HDB. The buyer and you should agree to the change before submitting the request.

Where can I check the status of my HDB Resale Application and First Appointment?

You can check the status of your resale application and view the date of the First Appointment on My HDBPage. The buyer and you will also each receive a notification of the resale application on this page once the first party submits his portion of the application.

 


 

Temporary Extension of Stay for Sellers

You and your co-sellers need to move out of the flat after the sale of the flat is legally completed. The buyers, being the new owners of the flat, will start a Minimum Occupation Period (MOP) from this legal completion date. If you are not be able to move out immediately upon the legal completion of the sale, you can arrange with the flat buyers, to extend your stay temporarily in the flat, for a period of up to 3 months after the legal completion.

Conditions for HDB flat sellers

To be eligible for the temporary extension, you must:

  • Have committed to buy a completed housing unit (can be another HDB flat or private residential property) in Singapore at the time of the resale application, i.e. exercised an Option To Purchase or signed a Sale and Purchase Agreement
  • Not be subletting the whole flat at the time of resale application
  • Be the contra party if the transactions are under the Enhanced Contra Facility

Conditions for HDB flat buyers

As legal owners of the flat, flat buyers must pay the following during the period of extension (the list may not be exhaustive):

  • Monthly instalments for housing loan
  • Service & Conservancy Charges (without rebates)

The start point for the computation of MOP will be set back by the period of the temporary extension of stay.

Administrative fee and submission procedure

The temporary extension of stay is subject to the flat buyers agreement and the request is to be submitted to HDB at the time of the resale application. An administrative fee of $20 (inclusive of GST) is payable by the flat buyers during the First Appointment. Buyers and sellers may formalise their agreement on the terms of the extension of stay (the period of stay must not be more than 3 months after legal completion) and any monetary compensation by the flat sellers to the buyers. This will be a private arrangement and they do not have to show their agreement to HDB.

Expiry and termination of Temporary Extension of Stay

The extension of stay will be terminated automatically at the end of 3 months. Flat buyers must inform HDB via My HDBPage or contact a HDB Branch if they terminate the extension earlier. The computation of the MOP for the new owners will commence after the extension of stay is terminated.

Additional Information

 

Application Status

You can check your resale application status via My HDBPage.
 
 
 

 
 
 

Appointment with HDB

You will need to attend the First Appointment, and Resale Completion to finalise the sale of your flat.

Flat inspection by HDB Branch

Prior to the First Appointment, Technical Executives from the HDB Branch will inspect your flat. You will be informed of the inspection date via the Letter of Appointment. The purpose of the inspection is to check for unauthorised renovation works in the flat that may damage HDB property and affect the structural stability of the flats/ building. The inspection is not to ascertain the value of the flat, the condition and safety of the renovation works, or compliance with any legislation in respect of any installation of fittings/ fixtures in the flat.

First Appointment

HDB will schedule a First Appointment date with the buyers and sellers, based on the date indicated during the submission of the resale application. Both you and the buyer must mutually agree on the date booked. A letter will be sent to you and the buyer to confirm the date and time of the First Appointment. If you or the buyer does not turn up for the First Appointment, the resale transaction will be cancelled. If needed, either party can later change the First Appointment slot online via their own My HDBPage, but he/ she must obtain the consent from the other party and state so in the request. You can check the available dates and time slots for the First Appointment using the Enquiry on Available Dates for Resale First Appointment e-Service.

Purpose of the First Appointment

The First Appointment is for us to meet you and the flat buyers to:

  • Discuss administrative matters
  • Verify your eligibility to sell the flat
  • Explain the resale procedures to you
  • Obtain your authorisation for HDB to act for you in the conveyancing (Note: You may engage your own solicitor if you wish to)
  • Fix the Completion Date
  • Calculate the amount of conveyancing fees that needs to be paid for the  transaction

Payments to be made by seller during the First Appointment

Approval for your HDB Resale Transaction

You will receive an approval letter from us within 2 weeks from the date of the First Appointment. You can also check the status of your resale application at My HDBPage.After you have logged in to My HDBPage, the information can be found under ‘My Flat > Application Status – Resale’.

HDB Resale Completion

Resale Completion Date is scheduled about 6 to 8 weeks from the date of the First Appointment.

Purpose of the Completion Appointment

The appointment is for us to witness:

  • Signing of the transfer document by the seller of the resale flat
  • Signing of the mortgage document/ agreement by the buyer (if buyer is taking an HDB loan)
  • Handing over of keys from the seller to the buyer (or to the buyer’s lawyer if the buyer took a bank loan and engaged the bank’s lawyer to act for the purchase)
This is after:
  • Buyer confirms that the flat has been vacated and the conditions are acceptable (buyer should arrange for a final inspection of the flat with the seller before the date of completion)
  • Seller has paid the service and conservancy charges and property tax up to date and are able to produce the official receipts
Important Note:
  • Buyers and sellers are reminded not to enter into any supplementary agreements/ arrangements with regard to the sale/ purchase
  • After the signing of the transfer documents, the flat is legally under the buyers’ names and as the new owners, they will be responsible for all lease matters related to the flat

Sellers’ sale proceeds

  • You will receive your cheque for the net sales proceeds, if any
  • HDB will arrange to refund the CPF monies to your CPF account. CPF refund will take place within 10 – 14 working days from the date of the completion appointment

What you should do before the Resale Completion

  • Rectify any unauthorised renovation work carried out in the flat and inform the HDB Branch to confirm the rectification, if applicable
  • Terminate any GIRO arrangements for all payments pertaining to the flat
  • Settle any outstanding payments as advised by us:
    • Service and conservancy charges up to the day of resale completion
    • Property tax up to the end of the year
  • Vacate the resale flat before the Date of Completion so that buyers can take possession of the resale flat after the Completion Appointment
  • Invite the buyers to inspect the resale flat
  • Ensure that the keys to the resale flat are available for handover to the buyers

Cancellation of resale application

The application will be cancelled if any of the following happens:

  • The resale is abortive for any reason whatsoever
  • Buyer and seller withdraw their application by giving notice in writing to HDB
  • Buyer does not have sufficient CPF monies or cash to finance the purchase of the resale flat on the resale appointment date or fails to pay up the 10% of the purchase price in cash within 10 days from the resale appointment date and the balance at the date of completion
  • Information given in the Application Form by the seller/ buyer is incorrect or the buyer/ seller has suppressed any information required
  • Buyer/ seller is ineligible to retain the application under the prevailing HDB’s policies

Temporary Extension of Stay for sellers

After the sale of the HDB resale flat is legally completed, you have to move out of the flat.  If you are unable to do so immediately, you can arrange with the flat buyers to extend your stay temporarily in the HDB flat, for a period of up to 3 months after the legal completion.

 
 
HDB RESALE Registration Form: Selling Resale HDB Flat

Your Name: (Required)

Your Mobile No: (Required)

Your Email: (Required)

Your Property Address: (Required)

Your Intention:
 Sell First Then Buy Buy First Then Sell Contra Sell Only

Price Range Of Property or Psf Of Property?

Type of Flat? e.g 5I Model, 5 Room Flat

Size of Your Flat> e.g 1313sqf

Unique Details of The Property That You Are Selling? e.g. Original Condition, 17 Years Old, North-South Orientation, 1Km From Reputable School

Have You Completed Your 5 Years Minimum Occupation Period For HDB Flat If Any?
 Yes No

Do You Need to Pay Resale Levy?Date of Your Last Dispose of Your Subsidized HDB Flat?

Is There Any Upgrading Fee To Be Paid?

Do You Have Any Outstanding Loan?

List All The Specific Details Needed:


Consent Given To Contact You

 
HDB RESALE Registration Form: Buying Resale HDB Flat

Your Name: (Required)

Your Mobile No: (Required)

Your Email: (Required)

Nationality Of All Buyers: e.g. Singaporean+Singapore Permanent Resident

Select the Scheme?
 Public Fiance Fiancees Single Joint Single Non-Citizen Spouse Non-Citizen Family Orphan Conversion Scheme

Your Intention:
 Contra Sell First Then Buy Buy First Then Sell Sell Only Buy Only Buy Landed Buy Condo Buy EC Buy Shop, F&B, Office, Industrial Lease Rent

Level Of Interest:
 Ready to Place A Cheque Exploring Options

Price Range Of Property or Psf Of Property?

Do You Need CPF or Additional CPF Housing Grant, Please State Your Average Gross Monthly Household Income? e.g. Gross Monthly Income of You and Your Wife

Do You Need to Pay Resale Levy?Date of Your Last Disposed Subsidized HDB Flat?

Specify BLK/Street/Area You Are Looking For: e.g. Blk 100-200/Tampines Ave 10/East

Type of Property That You Are Looking For?: e.g 5 room HDB Flat/No. of Bedrooms

Additional Requirements of Property That You Are Looking At? e.g North-South Orientation/Not Facing Road/HDB Shop House With Living Quarters

When Do You Need To Move In?

Are You Taking A Loan From The Bank or HDB Loan? Has The Loan Been Approved?
 Bank Loan HDB Loan Yes Approved No Not Done Yet No Need Loan Processing Not Approved

Have You Completed Your 5 Years Minimum Occupation Period For HDB Flat If Your Are Selling First Then Buy?
 Yes No I do not own HDB or EC

Do You Have Any Existing Residential Loan if You Are Buying Private Residential Property?
 1 Existing Loan 2 Existing Loan 3 & Above Existing Loan No Loan

Number Of Residential Properties Owned Include HDB Flat, if Any, If You Are Buying Private Residential Property?
 1st Property 2nd Property 3rd Property or More

What Are The Properties That You Have Seen?

Reasons You Did Not Take Up The Unit You Saw?

List All The Specific Details Needed:


Consent Given To Contact You

HDB RESALE SHOP, RESTAURANT, OFFICE Registration Form: Buying/Selling/Renting Commercial Shop

Your Name: (Required)

Your Mobile No: (Required)

Your Email: (Required)

Seller/Landlord: Your Property Address To Sell/Lease: (Required)

Seller: Selling With Tenancy, State The Rental Amount and Expiring Date

Seller/Landlord: Unique Details of The Property That You Are Selling/Leasing? e.g. Restaurant, Grease Trap, Toilet, High Human Traffic, Bare or Fitted, Renovated, Suit Certain Type Of Business

Tenant: Particulars of All Tenants: (Required) e.g. Business Name, Business Trade, Individual Name, Age, Gender, Nationality

LandLord/Tenant: Lease Term and Starting Date: e.g. 3 Year Lease Term, 1st Jan

Your Intention:
 Sell Only Buy Only Buying Shop Buying F&B Buying Office Lease Rent

Level Of Interest:
 Ready to Place A Cheque Ready to Sell/Lease Exploring Options

Price Range Of Property or Psf Of Property?

Size of Property? e.g. 1000sqf

Buyer/Tenant: Specify BLK/Street/Area You Are Looking For: e.g. Blk 100-200, Tampines Ave 10, East

Buyer/Tenant: Type of Property That You Are Looking For?: e.g Buying Coffee Shop, Shop House With Living Quarter

Buyer/Tenant: Business Trade: e.g Wellness Centre, Travel Agency

Buyer/Tenant: Additional Requirements of Property That You Are Looking At? e.g Facing Road, High Human Traffic, Car Park

Buyer/Tenant: or Stay, Investment or Commercial Use?
 Stay Use Investment

Buyer/Tenant: When Do You Need To Move In/Sell/Lease?

Buyer: Have Your Loan Been Approved For This Purchase?
 Yes No No Need Loan Processing Not Approved

Buyer/Tenant: What Are The Properties That You Have Seen?

Buyer/Tenant: Reasons You Did Not Take Up The Unit You Saw?

List All The Specific Details Needed:


Consent Given To Contact You

 

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