Once sellers have expressed their interest to sell their flat, you will need to check if they have fulfilled the Minimum Occupation Period (MOP).
You should also keep your sellers informed of the Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) Quota. The limits should be checked before:
- Sellers grant the Option to Purchase (OTP)
- Buyers exercise the OTP
- Submitting the resale application
The EIP and SPR quota requirements have to be met on the date of the resale application, which is the date when both buyers and sellers have submitted their respective portion of the application.
Guide your sellers to register an Intent to Sell via the HDB Resale Portal. Upon registering, sellers will be able to view their eligibility to sell, the EIP/SPR quota for the flat, the status of upgrading, billing status of upgrading costs, as well as recent transacted prices of flats nearby.
Read on to find out more information on eligibility to sell and additional requirements.