Option to Purchase
After regstering your Intent to Sell, the HDB Resale Portal will prompt you to download a copy of the Option to Purchase (OTP).
You and the buyers must use the HDB-prescribed Option to Purchase (OTP) as the form of contract in the 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.
You can download a copy of the HDB-prescribed OTP form. Please print only 1 copy of the OTP as each form has a unique serial number.
Please read the Important Notes of the OTP and the Terms and Conditions of Resale carefully before entering into a contract. Print only 1 copy of the OTP as each form has a unique serial number. You must state the serial number of the OTP when you submit a resale application to HDB.
For OTPs that have been granted before 1 January 2018, the former Terms & Conditions for Resale applies.
Procedures to enter into a contract using the OTP
There are 4 steps to enter into a contract using the OTP.