HDB | FlatPortal You'll need to pay the resale levy if you're buying a second subsidised flat or certain Executive Condos (EC). 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. Attend your HDB resale completion appointment after receiving your approval letter. The amount of CPF savings, housing loan . HDB Valuation: What HDB Resale ... - Daniel Lee Property Selling my HDB Unit - DirectHome 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. Find out more Resale Completion You will be required to attend an appointment with HDB for the purchase of your flat. 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. 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. 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. 12 steps to buying a resale HDB flat in ... - Auctionjia Cancellation of resale application Take note of the factors that may cause your resale application to be cancelled. You can login to the HDB Resale Portal to view your progress and status of your resale application. Buying or selling your Resale HDB Flat? Types include 3gen, adjoined, double storey exec maisonette & apartment. The new portal is the second phase of the HDB Resale Portal launched in January 2018, and was created "after a series of engagement sessions with industry players and stakeholders", he added. 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. What are the Benefits of HDB Resale Portal? Buyers and sellers can login to the HDB Resale Portal with their SingPass to start their respective resale journeys. About the HDB Resale Price Index Portal. You need to activate your SingPass to access the portal. Day 1. Around 40 per cent of the units sold in October were four . This application is free. Submit Intent to Sell Submit Resale Application This is the very first step to do and a very simple application to register your intend to purchase a flat. Find out how through this video. Close alert bar. Step 1: Register Intent to Buy. 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. 5 Jun 2016 Many Singaporeans buy and sell their properties. Endorse the resale documents via the HDB Resale Portal. Within 3 weeks of Registering Intent to Buy. Resale levy. It is also useful for those eyeing resale flats. Read more at The Business Times. Here are Some Tips for DIY buyers & sellers for HDB resale flats: Resale Levy - The resale levy […] Register your intent to sell via the HDB Resale Portal. Buyers and sellers can login to the HDB Resale Portal with their Singpass to start their respective resale journeys. With the streamlined process on the HDB Resale Portal, managing the transaction on your own is easy and convenient. Prior to the launch of the Resale Portal, a resale transaction took . Completing the process has never been easier. You can only grant the HDB Option to Purchase after 7 days of registering the Intent to Sell. Aug 25, 2020. Before you start hunting for a resale flat, here's what you need to know about the HDB resale eligibility criteria. 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. Join our Telegram channel and follow our Facebook for the latest update. You can find out if you need to do so when you register your Intent to Sell at the HDB Resale Portal. 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. Available flat types: 2-Room Flexi, 3-Room, 4-Room, 5-Room. Register Intend to Buy. HDB Resale Timeline: Week 8. The HDB Resale Portal will also check your eligibility to sell your flat upon registering the Intent to Sell. Singapore property agent with 10+ years experience. We focus at Bukit Panjang resale HDB. Arrow down icon Find out more Financial Planning Tools. 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 . 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. You can work out and plan your finances with our various financial tools. 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. 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. 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. HDB e-Services will not be available during this scheduled maintenance period. In this case, you will need to purchase as a sole owner and indicate that you (or your spouse) is the Sole Lessee.. The transaction could take as little as 8 weeks! 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. The 5-year Minimum Occupation Period (MOP) will apply for your second HDB flat. Many buyer / sellers , whether DIY or with agents, are always confused on the timeline of a resale flat after signing OTP . There are 7,520 HDB For Sale in Singapore. All rights reserved.No part o. Call +65 8800 9441 today. From 1 January 2018, buyers and sellers will enjoy a streamlined resale process with the introduction of the new HDB Resale Portal. If your family member is a Singapore citizen or Singapore permanent resident, he/she can apply for a SingPass at the SingPass service link on the login page of the HDB Resale Portal or at the SingPass website at www.singpass.gov.sg.If your family member is a non-resident, he/she may sign the documents in person at HDB's office. 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. Buying a resales HDB or selling your HDB. All sellers and buyers who are Singapore Citizens or Singapore Permanent Residents need to use SingPass to login to the HDB Resale Portal. It is simple enough to register: Simply log in to the HDB Resale Portal and submit the relevant details. 2. This new portal follows an earlier move by HDB last year. Through the portal, buyers will be guided on their buying journey, and get to track the progress of their transactions. It gives you a preview on the localities, and will probably give you a better idea of what to look for. Submitting Resale Application Via HDB Resale Portal. Find out more 3. The purpose is to reduce the time to complete the transaction and to have a better and more efficient process in place. Use our calculators to work out your finances before buying your flat. 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 can even drill down into finer details such as street name, block number and even the range of the . You can find out if you need to do so when you register your Intent to Sell at the HDB Resale Portal. HDB Resale Price Index Housing and Development Board / 19 Aug 2021 Tracks the overall price movement of the public residential market. 2. The resale portal cuts the transaction time from 16 weeks to eight weeks when there are no hitches in the process. Through the portal, sellers will be guided on their selling journey, and they can track the progress of their transaction. 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. 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. Buyers and sellers must submit their resale applications via the HDB Resale Portal. A short summary is about 2 months after both side submit their documents onto HDB resale portal. So what is this "new thing" happening for HDB Buyers & Sellers? 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. Near MRT stations. The index till 3Q2014 was computed using stratification method, while that from 4Q2014 onwards is computed using the stratified . My HDBPage is a personalised portal where you can view your transactions, correspondence, and details with HDB at a glance. It is crucial for you to assess your budget carefully before you buy a flat. Estate Renewal/ Upgrading Plans. The first step in the resale buying process is to register your intent to buy a resale HDB flat. 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 . If you engaged a real estate agent, he/she would be able to guide you . The Intent to Buy registration is valid for 12 months. Guide to HDB Resale Application (Without Agent) 1. 1. With the HDB Resale Portal, buyers and sellers will enjoy a streamlined resale process in their respective resale journeys. Financing To better manage the selling process, find out more about the financial matters and costs involved in an HDB flat sale. 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. For example, you can check the status of your flat and Housing Loan Eligibility (HLE) . To check your eligibility to buy a resale flat, register your Intent to Buy through the HDB Resale Portal, accessible using your SingPass account. Starting first January 2018, HDB launched a new resale portal for both buyers and sellers to help facilitate the resale transactions. The resale portal automatically retrieves your details from the Government's MyInfo service. Acknowledge Resale Documents. Property agent commission About HDB Resale Portal Singapore. Currently, resale flat buyers and sellers have to complete an online resale checklist and make two appointments with HDB - a first appointment to work . Enjoy a faster and easier resale transaction with the HDB Resale Portal. Available flat types: 2-Room Flexi, 3-Room, 4-Room, 5-Room. Procedures It is important to understand and follow the resale procedures to ensure a smooth flat selling journey. The other spouse can thus be put as an essential occupier, which helps you towards meeting the eligibility criteria by HDB to purchase a flat. It is important to work out and have consensus on when to submit with the other party. Do note that only one flat owner needs to register the Intent to Sell. Not sure how to go about? 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