Buyers and sellers of resale flats must use an HDB standard "Option to Purchase" as the form of contract for their resale transactions. The Option to Purchase provides buyers with an option period of two weeks to consider their prospective purchase. During this period, they can check on their eligibility, financing aspects, etc. before deciding whether to proceed with the purchase.

Upon exercising the Option to Purchase, a binding contract is entered into between the seller and the buyer for the sale and purchase of the flat. The buyer and seller can then submit their resale application to HDB for processing.

Note:

	Seller must have met the minimum occupation period to be eligible to sell the flat, before offering an Option to the buyer, otherwise the Option to Purchase will be considered null and void.
	Buyer and seller should not enter into any other forms of agreement or supplemental agreements.

For details on the Option to Purchase and the procedure in using the Option to Purchase, please click here.

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