Selling HDB Resale Procedures - Darren Ong 93839588 Couple secure dream home in 8 weeks with HDB resale portal My HDBPage is a personalised portal where you can view your transactions, correspondence, and details with HDB at a glance. Part of the country's Smart Nation push, the upgraded portal will also reduce the number of appointments needed to complete a deal from two to one, and will tap the Housing Board's (HDB) trove of resale transactions to do away with most professional valuations. There are 7,520 HDB For Sale in Singapore. After exercising the Option to Purchase (OTP), buyers and sellers must submit their respective portions of the resale application, together with the necessary documents, to HDB via the HDB Resale Portal. Step 1: Register Intent to Buy. You can only grant the HDB Option to Purchase after 7 days of registering the Intent to Sell. HDB | Getting Started you can use our elegant property search tool to find the right New HDB BTO Launch or resale 1-room flat, 2-room flat, 3-room flat, 4-room flat, 5-room flat, jumbo HDB, executive apartment, maisonette HDB, multi-generation HDB and HDB terrace with detailed information, including maps and photos. Property agent commission An HDB resale flat might just be the housing option to go for. If you engaged a real estate agent, he/she would be able to guide you . Launched in 2021, the HDB Flat Portal is an integrated platform that aims to ease the process of planning for the purchase or sale of an HDB flat. 1. HDB Resale Portal. Do note that only one flat owner needs to register the Intent to Sell. Selling my HDB Unit - DirectHome HDB will inform the buyers via email once the value of the flat is available in the HDB Resale Portal, typically within 10 working days. This is so that HDB can assess your eligibility to sell the flat and who is eligible to buy over your flat. From 1 January 2018 onwards, resale flat buyers and sellers will need to login to HDB's Resale Portal via their SingPass before they can buy or sell a HDB resale flat. This duration can be shorter or longer, depending on HDB backlog and available schedules. . All sellers and buyers who are Singapore Citizens or Singapore Permanent Residents need to use SingPass to login to the HDB Resale Portal. Through the portal, buyers will be guided on their buying journey, and get to track the progress of their transactions. It is important to work out and have consensus on when to submit with the other party. What is the Owner-Occupier Scheme for HDB? - SG Investor Hub Only non-resident Administrators/ Executors who are not eligible to apply for SingPass, can login to the HDB Resale Portal without SingPass. 3. Once these documents are ready, they will be posted on the HDB Resale Portal. Call +65 8800 9441 today. The application is valid for 12 months and can be re-applied again if expired. To do so, simply log into the HDB Resale Portal with your SingPass account. HDB | HDB Resale Portal The HDB Resale Portal provides a step-by-step guide on your buying journey. HDB to launch new resale portal in January 2018 - EdgeProp HDB | FlatPortal Buyers and sellers can login to the HDB Resale Portal with their SingPass to start their respective resale journeys. This is the very first step to do and a very simple application to register your intend to purchase a flat. Arrow down icon Find out more Financial Planning Tools. Here are Some Tips for DIY buyers & sellers for HDB resale flats: Resale Levy - The resale levy […] If you're shopping around for an HDB resale flat and you're not sure how much you should pay for a unit in your chosen estate, one handy tool is the HDB resale price index portal.. Search by HDB town, flat type and resale registration date, plus you . Submit Intent to Sell Submit Resale Application So what is this "new thing" happening for HDB Buyers & Sellers? HDB | HDB Resale Portal Welcome to the HDB Resale Portal Be guided through the process of buying and selling a resale flat. Find HDB resale flats from ProNex listings. Advisory. The purpose is to reduce the time to complete the transaction and to have a better and more efficient process in place. You'll need to pay the resale levy if you're buying a second subsidised flat or certain Executive Condos (EC). HDB | HDB Resale Portal Housing & Development Board Selling Process Note: This page is only applicable to non-resident administrator or executor (without Singpass) of an HDB flat. This new portal follows an earlier move by HDB last year. Not sure how to go about? Buyer's financial plan HDB will prepare a proposed financial plan based on what has been indicated in the resale application If buyers wish to make changes to the draft financial plan, buyers can revise the financial plan on the HDB Resale Portal, and endorse the revised financial plan. The . Salespersons can use the Estate Agent Toolkit or e-Resale to submit resale applications on behalf of their clients. You can login to the HDB Resale Portal to view your progress and status of your resale application. Find out more Resale Completion You will be required to attend an appointment with HDB for the purchase of your flat. Acknowledge Resale Documents. To check your eligibility to buy a resale flat, register your Intent to Buy through the HDB Resale Portal, accessible using your SingPass account. Previous HDB Resale System had longer waiting time. In this case, you will need to purchase as a sole owner and indicate that you (or your spouse) is the Sole Lessee.. Submitting Resale Application Via HDB Resale Portal. We have ready buyers looking for 3Room, 4Rooom, 5Room and Executive type HDB. Upon registration, the Sellers/ Buyers will be able to receive instantaneous assessment on the following: Your eligibility to sell/ buy Resale levy. There is no fee for registering and buyers will receive an instant assessment on not only their eligibility to buy, but also CPF housing grants and an HDB housing loan. Read more at The Business Times. You can find out if you need to do so when you register your Intent to Sell at the HDB Resale Portal. In May 2022, HDB will launch about 5,200 to 5,700 units of BTO flats in towns/ estates such as Bukit Merah (3-/ 4-room), Jurong West (2-room Flexi/ 3-/ 4-/ 5-room) , Queenstown ( 3-/ 4-room), Tampines (4-/ 5-room) , Toa Payoh (2-room Flexi/ 3-/ 4-room), and Yishun (2-room Flexi/ 4-/ 5 . Learn more about the resale levy here. The e-service streamlines the flat purchase steps and services. Find out more The time it takes to buy or sell a resale flat will be cut from 16 weeks to about eight from next year, with a revamped HDB resale portal. In case you are buying a resale flat with someone, only one of you needs to register the purchase intent. Looking to buy HDB in Singapore? Procedures It is important to understand and follow the resale procedures to ensure a smooth flat selling journey. Find out more about the streamlined resale process with the HDB Resale Portal. There were 2,505 HDB resale transactions, down 0.6 per cent from the 2,518 units sold in September, according to real estate portal SRX. Property agent commission Buyers and sellers can login to the HDB Resale Portal with their Singpass to start their respective resale journeys. The HDB Resale Portal will also check your eligibility to sell your flat upon registering the Intent to Sell. The 29 million-dollar flats made up 1.1 per cent . Using the HDB Resale Portal will benefit you in many ways: - Shortens resale transaction time by up to 8 weeks - Reduces manual entry of personal information Buying or selling your Resale HDB Flat? If you are not a non-resident administrator or executor of an HDB flat, please click here. Singapore property agent with 10+ years experience. You can only officially issue the HDB option to purchase after 7 days of registration. Use our calculators to work out your finances before buying your flat. There are 2 important time-specific requirements to observe when submitting your resale application: While most usually engage a real estate salesperson to save the hassle, some of them are actually planning to handle the property transactions on their own. HDB Resale Timeline: Week 8. The resale portal automatically retrieves your details from the Government's MyInfo service. Proceed Use the quick links to assist you in your flat purchase or sale Resale Portal Embark on a journey, step by step, to buy a resale flat or sell your flat. We focus at Bukit Panjang resale HDB. Starting first January 2018, HDB launched a new resale portal for both buyers and sellers to help facilitate the resale transactions. Revamped in January with streamlined processes, the portal promises to halve the time for resale transactions, and reduce the number of trips buyers and sellers have to make to HDB to sign papers. Aug 25, 2020. Resale levy. With the streamlined process on the HDB Resale Portal, managing the transaction on your own is easy and convenient. My HDBPage is a personalised portal where you can view your transactions, correspondence, and details with HDB at a glance. The 5-year Minimum Occupation Period (MOP) will apply for your second HDB flat. Day 1. Sellers will be able to list and advertise their flats on the portal, and continue to complete the resale application on the same platform. The HDB valuation will determine the amount of CPF savings, housing loan, and the cash over valuation (COV) to pay for your resale flat. A Step-By-Step Guide To Using HDB's Flat Portal To Find Your Perfect BTO Flat. HDB is launching a new resale portal on January 1, 2018, which it says will streamline the resale transaction process for HDB flats by integrating all eligibility checks into a single platform. In May 2022, HDB will launch about 5,200 to 5,700 units of BTO flats in towns/ estates such as Bukit Merah (3-/ 4-room), Jurong West (2-room Flexi/ 3-/ 4-/ 5-room) , Queenstown ( 3-/ 4-room), Tampines (4-/ 5-room) , Toa Payoh (2-room Flexi/ 3-/ 4-room), and Yishun (2-room Flexi/ 4-/ 5 . After you have submitted your resale application, HDB will compute your estimated sale proceeds, the buyers' financial plan, as well as the relevant forms and undertakings for the sellers and buyers to endorse. Home purchase is a long-term financial commitment. The payment will be via the payment modes provided in the HDB Resale Portal/e-Resale System/Estate Agent Toolkit. Attend your HDB resale completion appointment after receiving your approval letter. Financing To better manage the selling process, find out more about the financial matters and costs involved in an HDB flat sale. Aside from listings, the platform for new flats also includes financial calculators for would-be . Calculate your budget and choose the best financing option. 2. Your gateway to easier and faster resale transactionsFind out more at http://www.hdb.gov.sg© 2018 Housing & Development Board. Step 2: Plan your finances. Currently, resale flat buyers and sellers have to complete an online resale checklist and make two appointments with HDB - a first appointment to work . Before you start hunting for a resale flat, here's what you need to know about the HDB resale eligibility criteria. Available flat types: 2-Room Flexi, 3-Room, 4-Room, 5-Room. The amount of CPF savings, housing loan . 13 Sept : Bid Accepted @ 678K 13 Sept : Paid Deposit and Received OTP 14 Sept : Apply for Request of Valuation at HDB Resale Portal 19 Sept: Results of Valuation out, match Bided price , so there are no COV :) 20 Sept: Shortlisting Mortgage Loan with Redbricks 22 Sept: Submit Forms for Bank Loan. Steps. Login into the HDB resale portal to register HDB Intent to Buy. HDB e-Services will not be available during this scheduled maintenance period. With the HDB Resale Portal, buyers and sellers will enjoy a streamlined resale process in their respective resale journeys. 1. If you would like to estimate the potential value of your property . Pay resale fees online. Prior to the launch of the Resale Portal, a resale transaction took . Within 3 weeks of Registering Intent to Buy. The index is based on quarterly average resale price by date of registration. 2. Please note that if you are buying a home with other applicants like your family members or your partner (fiance), only one person needs to register. Estate Renewal/ Upgrading Plans. Clueless on the New HDB Resale Portal 2018? For example, you can check the status of your flat and Housing Loan Eligibility (HLE) . ️ Pauline Chua. Available flat types: 2-Room Flexi, 3-Room, 4-Room, 5-Room. This new portal follows an earlier move by HDB last year to revamp its online portal for HDB resale flats, resulting in the transaction time being halved to eight weeks when there are no hitches. You'll need to pay the resale levy if you're buying a second subsidised flat or certain Executive Condos (EC). Select fr studio, 1,2,3,4,5 room with balcony. Put your flat up for sale online. 5 Jun 2016 Many Singaporeans buy and sell their properties. Let's say that you and the seller have agreed on the selling price of $725,000. 3. Buyers and sellers must submit their resale applications via the HDB Resale Portal. OrangeTee & Tie senior vice-president of research and analytics Christine Sun said the new HDB flat portal makes it easier for users to obtain most of the essential information. HDB Resale Price Index Housing and Development Board / 19 Aug 2021 Tracks the overall price movement of the public residential market. The HDB Resale Portal streamlines all the resale of flats processes into a single platform, and provides a step-by-step guide for flat buyers and sellers throughout the resale transaction. Hi there, thanks for writing to us on AskGuru. If buyers submit their portion of the resale application first, the second party will have to do so within 7 days. Available flat types: 2-Room Flexi, 3-Room, 4-Room, 5-Room. Our services at the HDB Hub and Branches will continue to be via appointments only. To buy a resale HDB flat from the open market, you have to ensure that you meet the conditions of one of the eligibility schemes. Cancellation of resale application Take note of the factors that may cause your resale application to be cancelled. I have read and accept the Terms and Conditions for Registering Intent to Sell, and acknowledge that I have to register my Intent to Sell at least 7 days before I grant an Option to Purchase. All rights reserved.No part o. Buyers and Sellers are to submit the resale application respectively within 30 days from OTP exercise date via the HDB Resale Portal. Grant your buyer the HDB Option to Purchase (OTP) Submit a resale application to HDB. #1. This application is free. From 1 January 2018, buyers and sellers will enjoy a streamlined resale process with the introduction of the new HDB Resale Portal. Through the portal, sellers will be guided on their selling journey, and they can track the progress of their transaction. Calculators You submit the valuation request, and HDB decides that the flat is valued at $700,000. Currently, budgeting solutions are provided on the platform through three different types of calculators, 1) I am . Through the portal, buyers will be guided on their buying journey, and get to track the progress of their transactions. The resale portal cuts the transaction time from 16 weeks to eight weeks when there are no hitches in the process. Completing the process has never been easier. HDB is launching a new resale portal on January 1, 2018, which it says will streamline the resale transaction process for HDB flats by integrating all eligibility checks into a single platform. Learn more about the resale levy here. Resale transacted prices within 200 metres from any HDB Block or DBSS Site/Project; Resale transacted prices for all flat types in each block; All other related information to the block (EIP/SPR Quota, Upgrading Programmes and Distance Enquiry for CPF Housing Grant) The data is based on registered resale applications and is updated daily. Priority will be given to critical or time-sensitive appointments at our physical counters, to reduce person-to-person contact, and ensure the safety of our . Enjoy a faster and easier resale transaction with the HDB Resale Portal. With HDB for sale all around the country - whether new or resale HDB units, the HDB portal can be a good place to start looking for a new home. It gives you a preview on the localities, and will probably give you a better idea of what to look for. About HDB Resale Portal Singapore. It is also useful for those eyeing resale flats. 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