23 August 2019

This page does not cover new HDB flats, which can only be bought directly from the HDB.

What should I be aware of as a buyer?

?

The resale of HDB flats is highly regulated by the government and rules are subject to change without prior notice.

Here is a summary of the eligibility rules:

Financing is then a very important part of the buying process:

More details about financing can be found here.

When visiting apartments, you are encouraged to check recently transacted prices from the official HDB website.

Once you have found a flat you like and made sure you could finance the purchase, you must submit the Resale Checklist for Buyers to the HDB.

After this, the seller will grant you an Option To Purchase (OTP), valid for 21 days.

In return, you will pay the Option Fee (of up to S$1,000).

Since 10 March 2014, it is now up to the buyer to request for a valuation of the flat from the HDB by the next working day:

If you decide to proceed with the purchase (within 21 days), you must pay the Option Exercise Fee (of up to S$5,000).

At this point, you will have to submit your part of the Resale Application and schedule the First Appointment with the HDB at a date mutually agreed with the seller.

Recently listed HDB resale flats

4-room HDB photo
For sale
YouTube Video Available
No Agent Fee

4-room HDB

99-y Leasehold

Bedok North Avenue 4 (D16)

S$

sqft / S$ psf

3 Beds / 2 Baths

Keith

90232569

2-room HDB photo
For sale

2-room HDB

99-y Leasehold

Segar Road (D23)

S$

sqft / S$ psf

1 Bed / 1 Bath

Evan Loke

81385620

5-room HDB photo
For sale
No Agent Fee

5-room HDB

99-y Leasehold

854 Yishun Ring Road (D27)

S$

sqft / S$ psf

3 Beds / 2 Baths

Jasline Lee @OrangeTee

85221218

5-room HDB photo
Sold
No Agent Fee

5-room HDB

99-y Leasehold

Ang Mo Kio Avenue 9 (D20)

S$

sqft / S$ psf

3 Beds / 2 Baths

97905580

What should I be aware of as a seller?

?

Have a look at our guide to learn more about the selling process in Singapore, including the regulations and costs linked to the sale.

On top of this, HDB flats are subject to the Minimum Occupation Period (MOP), meaning the minimum time you must occupy your flat before being allowed to sell it:

  • The MOP is generally 5 years;
  • Be careful that the MOP applies to new flats but also to resale flats;
  • If you bought your flat before 30 Aug 2010 and you did not get a CPF grant, you can sell your flat now.
  • All details about the MOP can be found here.

In order to set your asking price, you may no longer ask for a valuation of your flat (since 10 March 2014). However you are encouraged to check recently transacted prices from the official HDB website.

If you bought your flat from the HDB or if you benefited from a CPF grant, you may have to pay for a resale levy.

Next, you will need to submit the Resale Checklist for Sellers.

It's now time to advertise your flat, and good news, you can do that for free with EZ Property.

Once you have found a buyer, you will grant him an Option To Purchase (OTP). The buyer will request for a valuation and you will have 4 working days to allow HDB valuers to inspect your flat. If the buyer exercises the OTP (within 21 days), you will need to submit your part of the Resale Application and set the First Appointment with the HDB at a date mutually agreed with the buyer.

Advertise your HDB resale flat for free