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<p><a rel="noopener noreferrer" href="https://services2.hdb.gov.sg/webapp/BB33RTIS/BB33PReslTrans.jsp" target="_blank">Check the recent transacted resale flat prices</a> to help you make an informed decision on how much to pay for the flat. The figures are updated daily based on HDB&rsquo;s registration of the resale applications received.</p>
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            <td style="width: 20%;"><strong>Before entering into an OTP</strong></td>
            <td style="width: 80%;">
            <p>Ensure that you have obtained a valid <a rel="noopener noreferrer" href="https://services2.hdb.gov.sg/web/bp27/PrelimHFE/" target="_blank">HDB Flat Eligibility (HFE) letter</a> via <a rel="noopener noreferrer" href="https://services2.hdb.gov.sg/web/bp28/TimeLine/my-flat-dashboard" target="_blank">My Flat Dashboard</a>.</p>
            </td>
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            <td><strong>When entering the OTP</strong></td>
            <td>
            <p>You and the flat sellers must declare the true resale price of the flat to HDB, and must not enter into any supplementary/ other agreements or arrangements that may cause the resale price as declared to be inflated or understated.</p>
            <p><strong>Note:</strong> It is an offence to give false information relating to the resale application - HDB may take the necessary action(s) as stated in the <a href="/-/media/managing-my-home/selling-a-flat/process-for-selling-a-flat/option-to-purchase/Resale-Terms--Conditions-6-Feb-2026.pdf" target="_blank">Terms &amp; Conditions</a>, Option to Purchase and Application Form(s).</p>
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Step 1: Negotiate and agree on the resale price 

<h2>Completing the OTP</h2>
<p>The flat sellers must fill in these sections in the OTP:</p>
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            <th style="width: 16%;">Page</th>
            <th style="width: 84%;">Sections</th>
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            <td><strong>1</strong></td>
            <td>
            <ul>
                <li>Option Date</li>
                <li>Flat address</li>
                <li>Purchase price (resale price of the flat)</li>
                <li>Option Fee (between $1 to $1,000)</li>
                <li>Option expiry date (21 calendar days from the option day, including Saturdays, Sundays and Public Holidays. For e.g., if the flat sellers grant an Option to you on 1 April, the Option will expire on 22 April at 4pm)</li>
                <li>Names (as in NRIC) and NRIC numbers of all the flat sellers and buyers</li>
            </ul>
            </td>
        </tr>
        <tr>
            <td><strong>2</strong></td>
            <td>Clause 6.1(c): Option Exercise Fee</td>
        </tr>
        <tr>
            <td><strong>4</strong></td>
            <td>Clause 12: Number of days from the date of exercising the Option that you and the flat sellers have agreed to submit the resale application to HDB</td>
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        <tr>
            <td><strong>8 (top half)</strong></td>
            <td>
            <ul>
                <li>Option Date</li>
                <li>Flat address</li>
                <li>All flat sellers must sign on the OTP</li>
                <li>A witness may sign on the OTP (seller's salesperson or any person, aged 21 years or above, and not involved in the resale transaction)</li>
            </ul>
            </td>
        </tr>
        <tr>
            <td><strong>9 (optional)</strong></td>
            <td>Inventory list of the flat</td>
        </tr>
        <tr>
            <td><strong>10 (optional)</strong></td>
            <td>Authorisation for another person to receive the Acceptance of the flat buyers when they exercise the OTP</td>
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<h2>Option Fee</h2>
<p>At this stage, you do not have to sign on the OTP. However, you must pay an Option Fee to the flat sellers. The Option Fee should be a sum between $1 and $1,000, to be mutually agreed between you and the flat sellers.</p>
<p>Once the flat sellers have granted the OTP to you, they cannot grant another OTP to other flat buyers until the OTP granted to you has expired.</p>

Step 2: Sellers grant the OTP to you 

<p>The Option Period is 21 calendar days (including Saturdays, Sundays, and Public Holidays). It is given to you by the flat sellers, from the date of granting the OTP (refer to Step 2).</p>
<p>You should use the Option Period wisely and not rush into exercising the OTP. During this period, you must log in to <a rel="noopener noreferrer" href="https://services2.hdb.gov.sg/web/bp28/TimeLine/my-flat-dashboard" target="_blank" title="My Flat Dashboard">My Flat Dashboard</a> to:</p>
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            <td style="width: 25%;"><strong>Confirm mode of financing</strong></td>
            <td style="width: 75%;">Confirm your <a href="/buying-a-flat/resale-flats/process-for-buying-a-resale-flat/resale-flat-planning/mode-of-financing">mode of financing</a> (i.e., cash, CPF savings, and/ or a housing loan) for your flat purchase in My Flat Dashboard.</td>
        </tr>
        <tr>
            <td><strong>Request for Value of Flat</strong></td>
            <td>
            <p>You must submit a <a href="/buying-a-flat/resale-flats/process-for-buying-a-resale-flat/option-to-purchase/request-for-value">Request for Value</a> for the flat if you are using your CPF savings and/ or taking up a housing loan to finance your flat purchase. You may submit the request via My Flat Dashboard after the flat sellers have granted you the OTP.</p>
            <p>Once you have made the request, you can log in to My Flat Dashboard to view the progress and outcome.</p>
            </td>
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Step 3: Review purchase during Option Period 

<h2>Proceed with flat purchase: Exercise the OTP</h2>
<p>To proceed with the flat purchase, you must exercise the OTP during the Option Period. If you are taking a housing loan or using your CPF savings to pay for the flat, ensure that the flat value* is available before you exercise the OTP.</p>
<p class="Footnote">* Read <a href="/buying-a-flat/resale-flats/process-for-buying-a-resale-flat/option-to-purchase/request-for-value">request for value</a> for more information.</p>
<h4>Housing loan from HDB</h4>
<p>If you are taking a housing loan from HDB, ensure that you have a valid <a href="/buying-a-flat/flat-grant-and-loan-eligibility/application-for-an-hdb-flat-eligibility-hfe-letter">HDB Flat Eligibility (HFE) letter</a>.</p>
<h4>Housing loan from a financial institution (FI)</h4>
<p>If you are taking a housing loan from an FI, ensure that you have a valid Letter of Offer (LO). The date of issue of the LO must be on or before you exercise the OTP. You may concurrently request an In-Principle Approval and LO from participating financial institutions when <a rel="noopener noreferrer" href="https://services2.hdb.gov.sg/web/bp27/PrelimHFE/" target="_blank">applying for the HFE letter</a> on <a rel="noopener noreferrer" href="https://services2.hdb.gov.sg/web/bp28/TimeLine/my-flat-dashboard" target="_blank">My Flat Dashboard</a>.</p>
<h4>Signing and returning the OTP</h4>
<p>To exercise the Option, you must sign on the OTP and return it to the flat sellers:</p>
<table style="width: 100%;">
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            <th style="width: 16%;">Page</th>
            <th style="width: 84%;">Sections</th>
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            <td><strong>8 (bottom half)</strong></td>
            <td>
            <ul>
                <li>You and all your co-buyers must sign on the &ldquo;ACCEPTANCE&rdquo; section</li>
                <li>A witness may sign on the OTP (your salesperson or any person, aged 21 years or above, and not involved in the resale transaction)</li>
            </ul>
            </td>
        </tr>
    </tbody>
</table>
<h4>Option Exercise Fee</h4>
<p>When you exercise the OTP, you need to pay an Option Exercise Fee to the flat sellers. The amount, as stated in Step 2, is to be mutually agreed upon between you and the flat sellers.</p>
<h2>Not proceeding with flat purchase: Allow OTP to expire</h2>
<p>If you do not wish to proceed with the purchase, you need not take any further action. Upon expiry of the OTP, you will forfeit the Option Fee and you do not need to continue with Step 5.</p>

Step 4: Exercise the OTP or allow OTP to expire

<p>You and the flat sellers must both submit the respective portions of the resale application separately within both timeframes:</p>
<ul style="list-style-type: lower-roman;">
    <li>Within the agreed number of days as stated on page 4 of the OTP, and</li>
    <li>Within 7 days of each other&rsquo;s submission</li>
</ul>
<p>A resale application is only complete when HDB has received both you and the flat sellers' respective portions of the resale application and the necessary supporting documents.</p>
<p>Read about <a href="/buying-a-flat/resale-flats/process-for-buying-a-resale-flat/resale-flat-application/application-process">submitting a resale application</a>&nbsp;and what you need to do before the application is <a href="/buying-a-flat/resale-flats/process-for-buying-a-resale-flat/resale-flat-application/approval-of-application">accepted and approved</a>.</p>
<p><strong>Important note:</strong></p>
<p>The applicant(s) and occupier(s) listed in your resale flat application must remain the same as those in your HFE letter application.</p>
<p>If you need to make any changes to your HFE letter, e.g. addition/ removal of household member(s), change in status from an applicant to an occupier or vice versa, marital status, citizenship, ownership of private properties, etc., please follow the steps below:</p>
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            <th style="width: 22%;">Submitted a resale application</th>
            <th>Steps to take</th>
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            <td><strong>No</strong></td>
            <td>
            <ol>
                <li><a rel="noopener noreferrer" href="https://services2.hdb.gov.sg/web/bp27/HFEeService/cancel" target="_blank">Cancel</a> your HFE letter</li>
                <li>After cancellation, apply for a fresh HFE letter (i.e. complete Step 1 and Step 2 of the buying process again) via <a rel="noopener noreferrer" href="https://services2.hdb.gov.sg/web/bp28/TimeLine/my-flat-dashboard" target="_blank">My Flat Dashboard</a>
                </li>
            </ol>
            </td>
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            <td><strong>Yes</strong></td>
            <td>Write to us via <a rel="noopener noreferrer" href="https://services2.hdb.gov.sg/webapp/BE15AWMyRequest/BE15PMain" target="_blank">MyRequest@HDB</a> with your resale case number. We will advise you further.</td>
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Option to Purchase When Buying a Resale Flat

Next steps

Request for Value for a Resale Flat

Resale Flat Application for Buyers

Resale Flat Completion for Buyers

Conditions After Buying a Resale Flat