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HDB Seller Timeline – All about Resale Application - PropertyWiki

All about resale application

RESALE APPLICATION

The sellers have to submit their respective portion of the resale application to HDB with attachment of the required documents via the HDB Resale Portal.  Their agent (if any) can submit the application on their behalf via the e-Resale System or Estate Agent Toolkit.

The sellers will have to pay an administrative fee (inclusive of GST) of $40 (1/2-room flats) or $80 (3-room and bigger flats).  The payment will be via the payment modes provided in the HDB Resale Portal/e-Resale System/Estate Agent Toolkit.

Either the sellers or the buyers may submit their portion of the resale application first.  The second party will have to do so within 7 days.  If not, the submission by the first party will lapse and they have to re-start the process.  The administrative fee paid is non-refundable.

The resale application will be considered as complete upon the submission by the second party.  The date of resale application, which will be used to assess the seller’s and buyer’s eligibility to sell/buy the flat, will be the date of submission of the complete application by the second party,

Where the sellers are engaging their own solicitors to act for them in the resale, they have to provide the name and address of their solicitors in the resale application.

Where the sellers have given a Power of Attorney for the sale or purchase, a softcopy of the Power of Attorney must be attached with the resale application.

Sellers who are buying another resale flat concurrently and wishes to use the sale proceeds of the existing flat to pay for the second flat under the Enhanced Contra Facility must submit both applications for sale and purchase together.  However, if they are obtaining a housing loan from a bank/financial Institution to purchase the second flat, they will not be eligible for the Enhanced Contra Facility.

Documents to be uploaded to support the resale application will vary according to the individual seller, and may include softcopies of the following:

(a)       Identity Card – for identification of persons listed in the resale application.

(b)       Birth Certificate – for proof of relationship between persons listed in the resale application.

(c)       Passport (details and personal information page), Singapore Blue Identity Card, Entry/Re-Entry Permit, Employment/Residential Permit – for verification of residential status in Singapore.

(d)       Marriage Certificate, Deed of Separation, Divorce Certificate, Decree Nisi/Interim Judgement, Decree Nisi Absolute/Certificate of Final Judgement, Death Certificate (whichever is applicable) – for verification of marital status of the persons listed in the Application Form.

(e)       Grant of Probate/Letters of Administration with its Petition, Estates Duty Schedule and/or a copy of the Last Will (if applicable) – for proof of the right of representation or interest in an HDB flat/ private property by way of inheritance.

Click on the FAQ below to find out more

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’s portion of the resale application must be submitted within 7 days of each other’s. Both portions must also be submitted within the previously agreed number of days on page 4 of the OTP.

You and the buyers (or buyer’s salesperson) have to submit the respective portions of the resale application separately. A resale application is deemed complete only when the HDB receives both portions of the resale application. You and the buyers should ensure that all prevailing eligibility conditions and resale requirements are met, on the date the second party submits his portion of the resale application. Find out more on the submission of resale application.

Upon receiving the sellers’ and buyers’ portion of the resale application, HDB will verify the eligibility of the flat sellers and buyers, and review the supporting documents submitted. If the application is in order, HDB will notify the flat sellers and buyers of its acceptance of the application and process the application. On average, it takes about 8 weeks from the date of HDB’s acceptance of the resale application, to process the application.
 
During these 8 weeks, Sellers and Buyers are required to endorse the documents through the HDB Resale Portal and pay the necessary fees online. An in-principle approval for resale will be granted once the documents are endorsed. Following which, an appointment will be arranged for buyers and sellers to attend to complete the resale transaction.

The HDB will notify both buyers and sellers on the status of their application via their MyHDBPage. When one party has submitted his portion, both parties will be notified via their MyHDBPage. Nevertheless, you should also inform the other party once you have submitted your portion of the resale application.

Sellers and buyers are required to submit a scanned copy of the OTP (10 pages) when they submit their resale application using the HDB Resale Portal.

Upon receiving the sellers’ and buyers’ portion of the resale application, the HDB will verify the eligibility of the flat sellers and buyers, and review the supporting documents submitted. If the application is in order, HDB will notify the flat sellers and buyers of its acceptance of the application and process the application.
 
Sellers and buyers are required to endorse the documents prepared by HDB through the HDB Resale Portal and pay the necessary fees online. An in-principle approval for resale will be granted only after the documents have been endorsed and fees paid.

Documents to be uploaded to support the resale application will vary according to the individual seller and buyer, and may include softcopies of the following:

(a)       Identity Card – for identification of persons listed in the resale application.

(b)       Birth Certificate – for proof of relationship between persons listed in the resale application.

(c)       Passport (details and personal information page), Singapore Blue Identity Card, Entry/Re-Entry Permit, Employment/Residential Permit – for verification of residential status in Singapore.

(d)       Marriage Certificate, Deed of Separation, Divorce Certificate, Decree Nisi/Interim Judgement, Decree Nisi Absolute/Certificate of Final Judgement, Death Certificate (whichever is applicable) – for verification of marital status of the persons listed in the Application Form.

(e)       Grant of Probate/Letters of Administration with its Petition, Estates Duty Schedule and/or a copy of the Last Will (if applicable) – for proof of the right of representation or interest in an HDB flat/ private property by way of inheritance.

The sellers and buyers will each have to pay an administrative fee (inclusive of GST) of $40 (1/2-room flats) or $80 (3-room and bigger flats).  The payment will be via the payment modes provided in the HDB Resale Portal/e-Resale System/Estate Agent Toolkit.

If you do not have a SingPass or have forgotten your SingPass, you can submit a request for a new SingPass. Visit SingPass website for more information.

The solicitor letter is a letter drafted by the law firm to inform HDB that they will be acting for purchase and the bank.

Once the HDB receives the first party’s portion of the application, we will notify both the buyers and sellers via their MyHDBPage in the HDB InfoWEB. Buyers and sellers can check on the status of their resale application via MyHDBPage. In any case, buyers and sellers must be aware that the resale application will lapse if the HDB does not receive the second party’s portion within 7 days after the first’s party’s submission. Hence, they should discuss and update each other once either party has submitted his portion of the application.

The date of resale application will be based on the date the HDB receives the second party’s submission, when the application is complete. This means that buyers and sellers have to ensure that they meet the eligibility requirements at the point when the second party submits his portion of the application. For example, buyers will have to satisfy the Ethnic Integration Policy and SPR Quota when the second party submits his portion of the application.

Buyers and sellers should discuss on their submission dates such that:
– The second party submits his portion of the application within 7 days after the first party has done so; and
– Both portions can still be submitted within 30 days from the date the OTP was exercised