How to Sell my HDB
1st Step – Register Your Intent to Sell (HDB) using SingPass
Check your eligibility to sell by registering Intent to Sell by logging on to the HDB Resale Portal using your Singpass.
Upon successfully registering an Intent to Sell, you will be informed of when you may start to grant an Option to Purchase (OTP) to potential buyers.
You will also receive information about the Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) Quota for your block, status of upgrading, billing of upgrading costs, and recent transacted prices of nearby flats. There is no fee payable for registering an Intent to Sell.
Your Intent to Sell is valid for 12 months. It must be valid when you grant the OTP to the buyer(s) and during the submission of the resale application.
Important notes:
- If there are any personal matters that may affect the flat ownership, such as divorce or estate issues, it is advisable that these matters are settled before you register the Intent to Sell.
- The results generated from the Intent to Sell are based on information you have provided. It is only an indication of your eligibility and does not constitute an approval by HDB to sell your flat. This will be determined after we receive your resale application
- You must provide accurate information when you register an Intent to Sell and cannot change the information provided throughout your selling journey. If you need to make changes, you have to cancel your Intent to Sell and register a new one. Otherwise, you will not be able to proceed to the subsequent steps and your resale application may not be processed
2nd Step –List Your Property with PGproperty
Post your property for sale at PGproperty & start your selling journey with us.
Some Tips to assist you before posting your property for sale. Before you create your own listing to post, take some time to read through. Doing It Yourself (DIY) helps you to save on commissions and DIY has never been easier.
Home Staging
Many owners fear hassles, thinking home staging is a difficult task. However, they do not know that home staging has always makes it easier for buyers to visualize a property as their future home. Home owners who took the efforts to do so sell faster than homeowners that don’t. So what is home staging?
Home staging is designed to showcase your home’s best assets, impress buyers, and sell it quickly for the highest possible price. Not all sellers take the time and effort to stage their homes therefore you’ll be at an advantage if you could take the extra step of staging your own property.
Most homeowners thought that they need to spend a lot money on that. Contrary, you do not need to spend a single cent if you are willing to make these efforts and follow these few pointers recommended.
Clean up the house
Everyone likes to enter a clean home. A clean home shows potential buyers that you’ve taken good care of the property. Recall and visualize how show flats are staged to create the emotions so comfortable to the extent of making then wanting to own a unit and make buyers commit readily. .
Declutter
Decluttering is one of the most important steps to staging a home for sale. Decluttering your home will make it seem larger and more appealing to home buyers. It is a simple step yet create a major impact on how your house shows. Knowing how to effectively and efficiently declutter your home means you ready to host your open house like a show flat.
Beautify
Houses that are too run down may need a fresh coat of paint in order to create a fresh looking property to make buyers feel welcome with great vibes. If you are willing to repaint the whole house to create a brand new aura like most people does for selling second hand cars, chances are offer prices will fetch higher and get sold faster. The lower cost as compared to hiring workers to paint is to opt for DIY. If you are lazy to do up the whole unit, focus on areas that need to touch up most.
A plus point to beautify a house and makes one call home is to add a few potted plants that cost merely a few dollars is to the bathrooms and some living hall spaces. You can also roll up some new towels on your own neatly like some 5 stars hotel does and place them on toilet bowl with cover lid down. You get to hide any unpleasant smell or stains too.
A Picture Tells a Thousand Words
The DIY journey to sell on your own has allowed savings on thousands of commissions without the services of a property agent. So the next step is take a few great shots of your home to create a great impression after home staging to attract potential buyers because pictures are what make potential buyers to come to view your property.
Do take note when taking a photograph of your beautiful home, it is advisable to remove all personal items such as family pictures, sports memorabilia or religious items so as to allow buyers to visualize and feel for themselves the space that they can eventually call their home.
So start taking beautiful pictures of your home and capture the hearts of your potential buyers now.
3rd Step – Expecting Calls & Conduct Viewings
Start expecting potential buyers to call and arrange for viewings.
On the day of the viewing of your home, do a quick tidy up and switch on the air-conditioning (if any) for a better presentation of your home.
Recall how developers show cases their show flat units. Most of the times, it makes one feel so good when stepping into a show flat and create an instant adrenalin rush to own or buy the property. With that, objective is to create the same feel for your potential buyers when stepping into your unit and have that impact too.
Slowly guide the buyers around your home and share with them what amenities the estate enjoys. Remember to share only what the potential buyers requires. As the saying goes, sometimes less is more. Good luck!
4th Step – Review Offers & Negotiate
Before negotiation with the potential buyer, do your homework by making use of the Resale Flat Prices e-Service to check the resale transacted prices for the past 2 years to assist you in making an informed decision. The figures are updated daily based on HDB’s registration of the resale applications received.
Negotiate and agree on the resale price of the flat as well as other terms like temporary extension of stay if needed.
You and your co-sellers need to move out of the flat after the sale of the flat is legally completed. The buyers, being the new owners of the flat, will start a Minimum Occupation Period (MOP) from this legal completion date
If you are unable to move out immediately upon the legal completion of the sale, you can arrange with the flat buyers, to extend your stay temporarily in the flat, for a period of up to 3 months after the legal completion.
5th Step – Grant Option To Purchase (OTP)
The buyers have to pay a deposit to you, comprising the Option Fee and Option Exercise Fee, which are payable at different points during the OTP process.
| Option Fee | Granting of OTP | $1 to $1,000 |
| Option Exercise Fee | Exercising of OTP | An amount, which when including the Option Fee, does not exceed $5,000 |
To grant an Option to Purchase (OTP) to a potential buyer, you need to have a valid Intent to Sell registered on the HDB Resale Portal and meet the 7-day cooling-off period after registration.
After you have registered your Intent to Sell, you will be prompted to download a copy of the HDB-prescribed OTP. You and the buyers must use the prescribed OTP for the resale transaction. Any other agreements and/or supplementary agreements relating to the sale or purchase of the flat are not valid under the Housing and Development Act.
The OTP is a legally binding contract between you and the flat buyers. Read the Important Notes of the OTP and the Terms and Conditions of Resale carefully before entering into it.
After the buyers have exercised the Option, you and the buyers have to decide on a date to submit the resale application to HDB. Both you and your buyer portion of the resale application must be submitted within 7 days within each other’s.
Important Notes
- Please print only 1 copy of the OTP as each form has a unique serial number at the bottom of each page. You must state the serial number of the OTP when you submit a resale application to HDB.
- Sellers must register an Intent to Sell in the HDB Resale Portal at least 7 days before granting an Option to Purchase to the buyers.
- Buyers must register an Intent to Buy before being granted an Option to Purchase by the sellers.
- The resale application for the sale and purchase of the flat will not be accepted by HDB if the sellers and buyers do not register their Intent to Sell/Buy or the timelines for registering their Intent to Sell/Buy are not adhered to.
6th Step – Submitting Resale Application & Resale Fees
*Submission of resale application & resale application fees to be within 7 calendar days.
After the buyers have exercised the Option to Purchase (OTP), you and the buyers must submit the respective portions of the resale application and the necessary supporting documents via the HDB Resale Portal.
Upon receiving the resale application and supporting documents, HDB will verify the information provided by you and the buyers. Both parties must ensure that they are eligible for the transaction.
If the application and documents are in order, we will notify you and the buyers of HDB’s acceptance of the application via SMS or email. Thereafter, it will take about 8 weeks to process the application and complete the transaction.
HDB will prepare the necessary documents for you and the buyers to endorse, which will be ready about 3 weeks after the application have been accepted.
Once the documents are ready, both you and the buyers will be notified via SMS to log in to the HDB Resale Portal to endorse the documents.
If you or the buyers do not endorse the documents within the given timeframe, the resale application may be cancelled.
Buyers and sellers must submit their respective portions of the resale application to HDB via the HDB Resale Portal. You will each pay an administrative fee (inclusive of GST) of $40 or $80, depending on the flat type.
| Flat Type | Resale Application Administrative Fee*
(Payable by buyer and seller) |
| 1 and 2 room | $40 |
| 3 room and bigger | $80 |
Payments can be made online via credit card (Visa or MasterCard) when using the HDB Resale Portal.
Last Step – HDB Resale Completion
Upon receipt of the resale application and supporting documents, HDB will verify the information provided and assess the eligibility of both the buyer and the seller.
If the application is in order, HDB will notify you and the buyer of the acceptance of the application via SMS or email.
Buyers and sellers will attend only 1 resale appointment at HDB.
The resale completion is about 8 weeks from the date of HDB’s acceptance of the resale application. You will notified via SMS on the actual date and time of your resale completion once it is scheduled.
If you have appointed HDB as the solicitors for the sale of the flat, you need to attend the appointment in person at the HDB Resale Office, HDB Hub.
If you have appointed private solicitors, your solicitors’ representative may attend the appointment on your behalf. You need to confirm with your solicitors on the arrangement.
Time of appointment
| Depend on Buyers’ Mode of Financing | Time of Appointment |
| HDB housing loan | Between 10am to 12pm |
| Housing loan from a financial institution | Between 2pm to 5pm |
| Not taking a housing loan | Between 10am to 12pm or 2pm to 5pm) |