Buying Procedures (HDB)

For whatever reason you are buying HDB; from outgrowing your home and need more space for your family to an upgrade of lifestyle, lets' go through the procedures and process.

Let run you through all the requirements, from the very start of understanding finances to the completion of the sale.

Step
01

Eligibility & Intent To Buy

The very first step is to know whether you can sell. Minimum Occupation Period (MOP) needs to be observed. You may visit 

https://www.hdb.gov.sg/cs/infoweb/residential/selling-a-flat/eligibility

to find out more.

Step
02

Knowing The Finances (HLE or API)

If you are planning to get a HDB loan. It will best to get the HLE, as it is need for OTP to be granted. If you are using bank loan, getting a AIP will speed up the overall process.

Step
03

Draft The Overall Timeline

With step 1&2 known and with reference to your needs and requirement, we will be able to work out a timeline for the purchase. 

Step
04

Shopping

Matching your needs to the available units in the market. 

Step
05

Negotiation And Receiving Of OTP

Negotiation is part of buying a property. Upon agreement of the price, we will exchange the OTP with maximum of $1,000 options fees.

Step
06

Submit For Valuation 

You can do so https://services2.hdb.gov.sg/webapp/BB31ERESALE3/BB31SMain

The value of the flat will be available on the Portal within 5-7 working days; an email will be sent to notify you.

Step
07

Exercise of Option To Purchase (OTP)

If the value is within expectation, you may proceed with exercising of the OTP by signing on the exercise portion of the OTP, deliver the original OTP and payment of not more that $5,000 (Option fee & Exercised fees combined) to the seller

Step
08

HDB Resale Application Submission

Once exercised, we may proceed with the resale submission.

https://services2.hdb.gov.sg/webapp/BB31ERESALE3/

Any extension application agreed upon during negotiation will also be made in this step.

Step
09

Receive AIP & Endorsement of HDB Forms

HDB will send an SMS to show acceptance of application, date of completion will be known. Endorsement of the documents. Payment of the application fees will be also done at the end of endorsement.

Step
10

Payment Of Buyer Stamp Duties

Upon HDB AIP and endorsement of documents, you will be required to pay the BSD.

Step
11

HDB Approval & Fix Of Completion Date

HDB will send a SMS to notify of approval and a completion date with timing. 

Step
12

Pre Completion Inspection

Nearing the completion date, the new buyers will inspect the unit before the final completion. This is to ensure that there is no changes to the items agreed upon and you have moved out.

Step
13

Completion Day

Finally to the big day.

If you’ve got a solicitor acting on your behalf, you won’t have to attend the HDB Resale Completion Appointment yourself. Otherwise, you and the buyer will have to head over to HDB Hub.

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Source: HDB Website