Sale of HDB flats (Procedures)

Question 1

resale process for seller [7]

Answer 1

1. register intent to sell (7 day cooling period)
2. grant OTP to buyer
3. submit resale application
4. endorse resale document
5. pay resale fees online
6. receive approval for resale application
7. attend resale completion appointment

Question 2

resale process for buyer [12]

Answer 2

1. register intent to buy
2. get HLE (HDB loan eligibility) if want to take HDB loan - valid for 6 months
3. Get OTP from seller, pay option fee
4. Request value of flat from HDB
5. choose mode of financing
6. get Letter of Offer (LO) from bank if taking bank loan
7. Exercise OTP, pay deposit (

Question 3

how long will the entire resale process take and from when does it start?

Answer 3

8 weeks from the submission of the resale application

Question 4

the duration between seller and buyer submission of resale application must not exceed __ days

Answer 4

7

Question 5

how long is the option period for resale and when does it expire?

Answer 5

21 days including weekends and PH.

4pm on the 21st day

Question 6

what happens if the HDB buyer is a bankrupt?

Answer 6

• they can still buy up to 5 room
• letter of consent from official assignee (OA) not required unless buying exec flat or 3-gen or if purchase price >$500k

Question 7

what happens if the HDB seller is a bankrupt?

Answer 7

• letter of consent from OA not required if seller is SC
• if seller is a SPR, need letter of consent
• not allowed to use sale proceeds as payment for debt

Question 8

what are the eligibility conditions for seller a flat? [4]

Answer 8

1. MOP
2. EIP
3. SPR Quota
4. Additional Requirements (bankrupt / divorce)

Question 9

what are the types of grants available to both first and second timers?

Answer 9

First timers

• new flat - EHG
• resale - EHG, PHG, Single/Family grant

Second timers

• new flat - Step-up CPF Housing Grant
• resale - PHG

Question 10

eligibility for EHG

Answer 10

first timer families, joint singles, orphans

- income

Question 11

eligibility for Step-up CPF Housing Grant

Answer 11

• currently staying in a 2 room flat or public rental flat
• upgrading to new 3 room flat / 2 room flexi (for those in rental)
• income ceiling

Question 12

eligibility for family grant?

Answer 12

• married/engaged first timer couples
  resale flats only
• 2-4rm 5 rm and above
  SC+SC $50,000 $40,000
  SC+SPR $40,000 $30,000
• eligible for citizen top up grant (+$10,000) if SPR becomes SC / gives birth to SC child, notify HDB within 6 months

Question 13

what is PHG and who is eligible?

Answer 13

Proximity Housing Grant

• eligible if staying with parents / within 4 km
• families and singles

living w parents

• family : $30,000
• Single : $15,000 (any flat)

Living within 4km

• Family : $20,000
• Single : $10,000 (2-5rm)

Question 14

what grant(s) are available for a Single first timer? [3]

Answer 14

1. EHG (singles)
2. Proximity Housing Grant
3. Singles Grant
   
   • 2-4 room resale = $25,000
   • 5 room resale = $20,000

Question 15

Is there a grant for EC?

Answer 15

yes, if income is below $12,000 (for SC)

      Income                    Grant