The HDB Resale Portal is part of Housing & Development Board’s (HDB) continuous efforts to streamline its resale process, reduce transaction time and provide added convenience to flat buyers and sellers, under the initiatives of the Real Estate Industry Transformation Map. HDB to further streamline flat buying process. The HDB resale portal will guide you through the following steps: Register Intent to Buy; Search for Suitable Flat and Get Option to Purchase (OTP) Choose Mode of Financing; Submit Request for Value to HDB; Submit Resale Application; Acknowledge Resale Documents; Pay Fees (Online Payment) Approval of Resale ; Completion of Resale; Purpose of registering an Intent to Buy. Step 1: Register Your Intent to Buy Your journey to buying an HDB resale flat without a wizened property agent’s help starts with you registering an Intent to Buy on the HDB Resale Portal.. Do note that if you are purchasing the flat together with other applicants like your family or partner, only one of you needs to register. From 1 January 2018, buyers and sellers will enjoy a streamlined resale process with the introduction of the new HDB Resale Portal. If you’re shopping around for a 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. Clueless on the New HDB Resale Portal 2018? According to Mr Lee, the HDB Resale Portal has halved the time needed for resale flat transactions from 16 weeks to around eight weeks, and reduced the number of appointments with HDB … You can access the portal here. Otherwise, you will not be able to proceed to the subsequent steps and your resale application may not be processed. High Floor Can Contra Nice Garden View. There is so much in place for you to bond with your neighbours and create an active and cohesive community. Through the portal, buyers will be guided on their buying journey, and get to track the progress of their transactions. PAY RESALE FEES ONLINE. According to Mr Lee, the HDB Resale Portal has halved the time needed for resale flat transactions from 16 weeks to around eight weeks, and reduced the number of appointments with HDB from two to one. This portal is the second phase of the HDB Resale Portal that was launched in Jan 2018. Whether you are buying, selling, or already living in an HDB flat, everything you need to know about residential properties is housed here. Almost 21/2 months after the launch of a revamped HDB portal, resale transactions are being completed in as short as eight weeks - half the time taken in … Using the HDB Resale Portal will benefit you in many ways: – Shortens resale transaction time by up to 8 weeks If you do not require a housing loan from HDB or intend to get a housing loan from a financial institution (FI), you may proceed to look for a suitable flat within your budget and obtain an OTP from the sellers. The latest HDB Apartments for sale in Singapore. HDB intent to sell is done by … Whether you are buying, selling, or already living in an HDB flat, everything you need to know about residential properties is housed here. Upon registering an Intent to Buy, you will receive an instant assessment of your eligibility to buy a resale flat, as well as your eligibility for housing grant (s) and HDB housing loan. Recent Properties. Looking to buy a Hdb Resale? It must be valid when the sellers grant you an Option to Purchase (OTP). Log in; Register HDB will roll out new features on the HDB Flat Portal to improve the buying process, including a new document that consolidates the results on buyers’ eligibility assessment for a new or resale flat purchase, HDB loans and housing grants. HDB completion appointment; In total, it takes about 8 weeks. The process for buyer is similar. Get the information you need for any business involving HDB homes, properties, commercial spaces, or land under our management. 6. To comply with GDPR we will not store any personally identifiable information from you. HDB will continue to explore future enhancements to the portal as well as other initiatives to leverage technology … Here’s a quick flowchart to help you understand the various processes better. The HDB Resale Portal integrates the eligibility checks for buying a resale flat. The portal for new flats and the platform for resale flats will run in tandem on HDB’s website. Previous HDB Resale System had longer waiting time These include: Seller’s sale proceeds; Acknowledgement for Upgrading Programme (if applicable) Spouse Consent to Resale (if applicable) Sign up for our resale seminars to learn more about resale policies and procedures. Read more about New portal to cut resale HDB flat transaction time by half to 8 weeks from next Jan _Today 19.10.2017 1,394 flats up for sale in first ROF exercise draw keen interest _Today 02.08.2017 We have ready buyers looking for 3Room, 4Rooom, 5Room and Executive type HDB. These will be listed in the HDB Resale Portal when you submit your resale application. Log in to the HDB Resale Portal via your Singpass to register your “intent … HDB Resale Portal cut time for resale transactions by half. You can find out more about the types of HDB car parks, important car park information, and parking offences. 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. Endorse your resale documents via the HDB Resale Portal. MyNiceHome – Where you’ll always feel welcomed. Get the information you need for any business involving HDB homes, properties, commercial spaces, or land under our management. More than homes, our HDB towns are vibrant places to enjoy to the fullest. Your... 2. Step 11: Endorse Resale Documents & Pay Fees. HDB – Map Services; HDB – Resale Portal; HDB – Submission of Resale Application & Request for Value; HDB – Application for an HDB Loan Eligibility (HLE) Letter; HDB – Eligibility Check Buying HDB Flat and Applying for HDB Loan (New and Resale Flat) HDB – Submit electronic copies of your documents to HDB. Search for a flat and get an Option to Purchase (OTP) Once you have found a resale flat within your budget, you will... 3. The latest HDB Apartments for sale in Singapore. Check these resale statistics to get a better idea of the HDB resale market conditions and make a more informed decision. 3. Based on the information provided, you will be able to view your eligibility to buy the flat, the housing grants you are eligible for, and whether you are eligible for an HDB concessionary housing loan. Since its launch in 2018, the Housing and Development Board (HDB) Resale Portal has helped streamlined the buying and selling process of resale flats. Once HDB accepts your application, they’ll review the paperwork to make sure everything is OK. We will go in-depth on the key steps and what to take note of. The HDB Resale Portal is part of Housing & Development Board’s (HDB) continuous efforts to streamline its resale process, reduce transaction time and provide added convenience to flat buyers and sellers, under the initiatives of the Endorse resale documents . HDB – Map Services; HDB – Resale Portal; HDB – Submission of Resale Application & Request for Value; HDB – Application for an HDB Loan Eligibility (HLE) Letter; HDB – Eligibility Check Buying HDB Flat and Applying for HDB Loan (New and Resale Flat) HDB – Submit electronic copies of your documents to HDB. Step 2 Post your HDB. All flat sellers and buyers must switch to submitting their resale applications on the […] Afterwards, you’ll meet the Customer Relations Manager to sign a few documents and collect the keys from the seller. Endorsement of resale documents (acknowledge the documents on the HDB Resale portal) ; Payment of resale fees; Receive approval of resale application; and; Attend the Resale Completion appointment. 13 The HDB Resale Portal is part of HDB’s continual efforts to improve its resale procedures to better serve the needs of resale flat buyers and sellers. HDB flats are home to over 80% of Singapore’s resident population. In case you are buying a resale flat with someone, only … The e-service streamlines the flat purchase steps and services. Without further ado, let’s dive into the process! Source. The entire process from the acceptance of the resale application (step 2) to completion (step 6) takes about eight weeks. You will be required to indicate your mode of financing for your flat purchase in the portal, and submit a Request for Value of the flat you are buying. According to Mr Lee, the new portal is the 2nd phase of that portal. The next step is to register your Intent to Buy which can be done via the HDB Resale Portal.. The HDB Resale Portal integrates the eligibility checks for buying a resale flat. In addition, it also takes away the need for the need to engage HDB valuers separately, as the process is … Register your Intent to Buy. About the HDB resale price index portal. It is simple enough to register: Simply log in to the HDB Resale Portal and submit the relevant details. Plan Your Budget. Within 6 days, you’ll get an SMS from HDB telling you to log on to the Resale Portal and endorse the documents. Upon registering an Intent to Buy, you will receive an instant assessment of your eligibility to buy a resale flat, as well as your eligibility for housing grant(s) and HDB housing loan. The next step will be to figure out what kind of HDB flat you can really afford and … The resale portal automatically retrieves your details from the Government’s MyInfo service. This portal is the second phase of the HDB Resale Portal that was launched in Jan 2018. Purchasing a Resale Flat Step 4: Register Your Intent to Buy. Start searching for your ideal home now! With the HDB Resale Portal, buyers and sellers will enjoy a streamlined resale process in their respective resale journeys. You can access the portal here. 950,000 HDB households to receive U-Save rebates in AprilIn total, the regular U-Save and U-Save Special Payment for this financial year will amount to $460 million in rebates, to support families with their household expenses. Salespersons can use the Estate Agent Toolkit or e-Resale to submit resale applications on behalf of their clients. You can find out more about the types of HDB car parks, important car park information, and parking offences. 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. Finally, pay $80 resale fee. From 1 January 2018, resale flat buyers will need to login to the HDB Resale Portal using their SingPass, to start their buying journey. With nearly 30 percent of transactions in the first half of 2017 being completed without an agent, this is a step forward in the right direction and brings about many benefits for buyers and sellers in Singapore. "The HDB Resale Portal has halved the time needed for resale flat transactions from 16 weeks to around 8 weeks, and reduced the number of appointments with HDB from two to … Not sure how to go about? Once the documents are endorsed, both parties will be required to pay … You might also want to read the official lengthy HDB guide and their FAQ. Those who have bought or sold a resale flat in the last 2 years might remember that an HDB Resale Portal was launched in Jan 2018. Danny Teo able to help! Register Intent To Sell. Focusing on nurturing a strong family and community spirit, public housing policies and schemes are formulated to meet changing needs and aspirations. Note: This page is only applicable to non-resident administrator or executor (without Singpass) of an HDB flat. Come on in and be pleasantly surprised by interesting facts and finds about the heartland, renovation and decor tips, and more. Since its launch in 2018, the Housing and Development Board (HDB) Resale Portal has helped streamlined the buying and selling process of resale flats.The portal was hailed as a … Registering allows you to assess your eligibility to buy a resale flat, the grants you’re entitled to, and your eligibility to apply for a HDB housing loan. After determining your available budget, one useful tool to search for resale HDB … When HDB accepts your resale application, both you and the buyer will be required to endorse documents which HDB will prepare for you through the HDB Resale Portal. With the HDB Resale Portal, buyers and sellers will enjoy a streamlined resale process in their respective resale journeys. Buying a resales HDB or selling your HDB. 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. Pay resale fees online. I f you have always thought of buying or selling your own HDB, there is no better time to do that because as of 1st January 2018, the new HDB resale portal has been launched in Singapore. Once you have obtained your OTP from the sellers, you are required to login to the HDB Resale Portal to continue with the next step of your buying journey. Source: HDB resale price index portal, median transaction prices for 4-room resale flat in 2020 Q4. The … The HDB Flat Portal is the second phase of the HDB Resale Portal launched in January 2018. Lee's full Facebook post here: Top photo via Modern Affliction/Unsplash, HDB. The portal for new flats and the platform for resale flats will run in tandem on HDB’s website. A Guide to the HDB Resale Portal 1. HDB will verify the information provided and notify you of the acceptance of the application via SMS/E-mail. The e-service streamlines the flat purchase steps and services. Back before, there were many things to do such as submit a resale checklist and applying for a flat valuation. Buyers and sellers can login to the HDB Resale Portal with their SingPass to start their respective resale … There’s no catch! The HDB Flat Portal marks the second phase of the HDB Resale Portal, which was launched in January 2018. Register on HDB Resale portal. The index is based on quarterly average resale price by date of registration. Both buyer and seller must submit to HDB resale portal, within 7 days of both parties, providing quite many details. Pre-completion checklist. We focus at Bukit Panjang resale HDB. Copyright © 2021 Hdb Portalpowered by WordPress. If you’re planning to take on a HDB housing loan, the HDB Resale Portal will guide you through the application for your HDB Loan Eligibility (HLE) letter. You will need to register an Intent to Buy personally, even if you have engaged a salesperson for your flat purchase. The portal was hailed as a breakthrough for the HDB resale market, integrating all the eligibility checks on a single platform. The portal was hailed as a breakthrough for the HDB resale market, integrating all the eligibility checks on a single platform. Resale Application 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. According to Mr Lee, the new portal is the 2nd phase of that portal. There are a couple of miscellaneous todo before the final completion appointment: HDB will send a personnel for an inspection (I have nothing illegal done up so just 5 min) terminate any GIRO payment; ensure the … Ohmyhome has in-house tech capabilities that saves you both time and resources so that you can sell at the fastest speed with savings up to $18,000. Use our Map Services to obtain details such as lease commencement dates, resale prices, and more. About 950,000 Singaporean households living in Housing and Development B In case you are buying a resale flat with someone, only one of you needs to register the purchase intent. HDB Resale Price Index Housing and Development Board / 29 Jan 2021 Tracks the overall price movement of the public residential market. We have facilitated over 4,000 HDB resale transactions while helping our customers save at least $20 million in agent fees and commissions. 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 HDB Resale Portal provides a step-by-step guide on your buying journey. It is only an indication of your eligibility, and does not constitute an approval by HDB to buy a resale flat, or to take up an HDB housing loan or receive housing grant(s). (ST Photo: Kevin Lim) The HDB resale portal – a site that streamlines the buying and selling resale flats – launched on Monday (Jan 1) at 1pm, marking one of the biggest transformations to the HDB resale market processes in decades. The Housing & Development Board (HDB) is Singapore's public housing authority and a statutory board under the Ministry of National Development. Print out a copy of the payment advice from the HDB Resale Portal: you’ll need this to pay off the remaining balance for the flat. We have a variety of flats available to cater to different household sizes and needs. To start your journey of buying a resale flat, you will need to register an Intent to Buy by logging in to the HDB Resale Portal using your Singpass. These will be determined when you submit the resale application subsequently. There is … The results generated from the Intent to Buy are based on information you have provided. You must have a valid HLE letter when the sellers grant you the OTP. The new HDB resale portal will enable transactions to be shortened considerably from 16 weeks to 8 weeks instead. Input your flat address. 6. The portal will guide you through the following steps: Search for Suitable Flat and Get Option to Purchase (OTP). If there is more than one buyer for the resale flat, only one of you need to register. To assist you in your planning and preparation for your flat purchase, you may also wish to read up on the following information: Find out how to start looking for an HDB flat and handle the purchase yourself. Since its launch in 2018, the Housing and Development Board (HDB) Resale Portal has helped streamlined the buying and selling process of resale flats. Do ensure that the information provided is accurate when registering your Intent to Buy, and will remain the same throughout your buying journey. The HDB Flat Portal marks the second phase of the HDB Resale Portal, which was launched in January 2018. In general, there must be at least one Singapore Citizen or two Singapore Permanent Residents listed in the resale flat application. Here’s a nice overview provided by HDB. You can submit an application, submit an online enquiry, or make an appointment with us. It’s best to head over earlier and settle the bill at the Payment Office (level 3 of the HDB Hub). Transact with us at your convenience. 1. After receiving the results of the valuation, you’ll need to pay an option … Buying or selling your Resale HDB Flat? Start searching for your ideal home now! This is so that HDB can assess your eligibility to sell the flat and who is eligible to buy over your flat. MyNiceHome is a website by HDB where you can learn more about buying an HDB flat and other home-related content delivered in a refreshing way. Browse HDB directory for the most complete information on Singapore HDB flat, HDB news and guide, HDB estates, HDB towns, HDB resale, HDB flat for sale and for rent. After you send in the resale documents for verification, HDB will once again evaluate them to match resale conditions with buyer & seller eligibility before giving the final stamp of approval. The resale portal cuts the transaction time from 16 weeks to eight weeks when there are no hitches in the process. Its launch took place after a series of engagement sessions with industry players and stakeholders, he said. Wondering whether you are eligible to buy an HDB resale flat? If you intend to get a housing loan from an FI, you must have a valid Letter of Offer (LO) before you exercise the OTP. This is because the portal integrates all eligibility checks within a single platform. The resale portal automatically retrieves your details from the Government’s MyInfo service. Should you need to change any of the information provided, you will have to cancel your Intent to Buy and register a new one. Completing the process has never been easier. Focusing on nurturing a strong family and community spirit, public housing policies and schemes are formulated to meet changing needs and aspirations. Click "Post a Property", choose "For Sale". HDB | HDB Resale Portal Welcome to the HDB Resale Portal Be guided through the process of buying and selling a resale flat. 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