Managing the Sale of Your Flat

You can either manage the sale on your own or engage the services of a salesperson for a fee..

Manage the sale on your own

The following guide will help you manage the sale of your flat.

Check your eligibility to sell your flat

You must have a valid Intent to Sell for at least 7 days before you may grant an Option to Purchase to flat buyers.

Start your journey by registering an Intent to Sell via My Flat Dashboard. After registration, you will be informed of when you may start to grant an Option to Purchase (OTP) to potential flat buyers.

You will also receive information about the Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) Quota for your block, status of upgrading, billing of upgrading costs, and recent transacted prices of nearby flats.

Consider your next housing before selling your flat

You must plan your next housing before you commit to sell your flat.

Please plan your next housing, before putting your current flat on the market for sale. Otherwise, your family may be left without a home.

Read our guide on planning for your next housing.

Determine the asking price of your flat

Use our available services to help you set a reasonable price.

Check the recent transacted resale flat prices and use our HDB Map Services and resale statistics to help you set a reasonable price.

If you are listing your flat for sale on the Resale Flat Listing (RFL) service on the HDB Flat Portal, refer to available information on the recent transacted prices of nearby flats of the same flat type to guide you in setting the listing price.

Compute your estimated net proceeds

When selling your flat, you have to pay off the outstanding housing loan, refund the CPF monies with interest you have used to your CPF Ordinary Account, and off-set any payments due to IRAS, HDB, town council, etc. Hence, please make sure that you have no unpaid property tax, service and conservancy charges, etc.

Financial planning is important, especially if you need to buy your next home after selling your current flat.

Calculate the estimated net proceeds you may receive. The information will be useful when you budget for your next home purchase. Read our guide to understand how your proceeds will be computed.

Advertise your flat for sale

List your flat for sale on HDB’s Resale Flat Listing service.

After you have registered an Intent to Sell, you may list your flat for sale on the Resale Flat Listing (RFL) service on the HDB Flat Portal and/ or elsewhere.

Listing your flat on the HDB Flat Portal is simple – just upload photos and a description of your flat. Key flat details such as the address, flat type and floor area will be automatically populated using HDB’s data.

Read our guide for more information on the RFL service.

You may also advertise your flat for sale through property portals, newspaper advertisements or social media. We recommend that you find out the differences in cost and details of the various advertising platforms and choose one or more depending on your budget and needs.

Essential information

Remember to:

  • Include details, such as:
    • Flat address (block number and street name)
    • Flat type
    • Floor level (Low/ Mid/ High floor)
    • Floor area
    • Asking price
    • Contact information
    • Photos
  • Highlight the attractiveness of your flat, for example:
    • Flat orientation, e.g., north, south, east, or west
    • Conditions of the flat in terms of renovation and upkeep
    • Proximity to MRT station/ school/ town centre
    • Amenities available

Important note

You are responsible for the accuracy of the information provided in your listing on the RFL service on the HDB Flat Portal. HDB will follow up on any feedback regarding inaccuracies in your listing and take the necessary actions, including but not limited to removing the listing and restricting your future use of the HDB Flat Portal.

Things to expect

You may receive calls from prospective flat buyers or their appointed salespersons, asking for more information about your flat. You may also be approached by salespersons offering to act for you for a fee. You can decline their assistance, if you wish to continue to manage the sale on your own.

Proof of flat ownership

Some prospective flat buyers may request for evidence of your flat ownership and eligibility to sell the flat.

You may show them any one of the following documents:

  • Printout from your My HDBPage to show that you have met the minimum occupation period to sell your flat
  • Property tax statement
  • Town council statement
  • Title deed

Negotiate with potential flat buyers

Other than the flat price, there are other matters you will need to consider when you negotiate with the flat buyers.

Deposit

comprising Option Fee and Option Exercise Fee

Flat buyers must pay you an Option Fee when they grant you an Option to Purchase (OTP), and an Option Exercise Fee when you exercise the OTP.

You may negotiate the amount for the Option Fee and the Option Exercise Fee with the flat buyers, which will form part of the resale price.

Payment by flat buyers to sellers Stage of OTP Amount to pay
Option Fee Granting of OTP Between $1 and $1,000
Option Exercise Fee Exercising of OTP An amount, which when including the Option Fee, will not exceed $5,000

You are encouraged to make payment using digital payment modes to secure independent proof of payment.
Submission of resale application

Under Clause 12 of the OTP, you and the buyers must will agree on the timeframe to submit your resale application to HDB.

This is a contractual agreement between you and the buyers. Once it is agreed upon, it may be varied only with mutual consent.

Please submit the resale application as soon as possible to minimise unforeseeable changes, e.g. EIP and SPR quotas, untoward events, etc.
Extension of Stay

If you have committed to buy a completed property in Singapore and need more time to move out, you may arrange with the flat buyers for a temporary extension of stay in the flat for up to 3 months after the resale completion.

The temporary extension of stay is subject to the flat buyers’ agreement.

If you require this arrangement, please secure the flat buyers’ agreement before you grant the OTP to them.
Enhanced Contra Facility

If you are planning to sell your existing HDB flat and buying another resale HDB flat, you may consider applying for the Enhanced Contra Facility (ECF). This facility allows you to use the cash proceeds and refunded CPF savings from the flat sale and complete the purchase of your next flat at the same time.

Take note that if you are applying for the ECF when buying your next flat, the buyers of your existing flat and the flat sellers of your intended flat purchase will not be able to apply for ECF for their respective flat purchases.
Any other matters For example, will you leave behind any furniture or appliances? You may offer these items to your flat buyers and include the items in the inventory list of the OTP.

Understand the HDB resale procedures

The HDB Flat Portal provides a step-by-step guide on your flat selling journey. You may also read the following for more details of the resale procedures:

To better understand the resale process, you may sign up for a resale seminar conducted by HDB.

Engage a salesperson

You may engage a salesperson for a fee to help you manage the sale of your flat. Your salesperson may also assist you to list your flat on the Resale Flat Listing service on the HDB Flat Portal. Nevertheless, you still need to know your eligibility to sell your flat and settle your next housing. You may read the information in 'Manage the sale on your own', and also:

Engaging a salesperson is a private matter between you and the salesperson. If you have any issues relating to property agency or their salespersons, you can find out more on how to resolve the dispute.