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You may manage the flat purchase on your own or engage the services of a salesperson.
The following guide will better prepare you for the flat purchase.
Start your journey by registering an Intent to Buy via the HDB Resale Portal. After registration, you will know your eligibility for the purchase of a resale flat, CPF housing grant(s) and an HDB housing loan.
If you wish to obtain a housing loan from HDB, apply for an HDB Loan Eligibility (HLE) letter. You must have a valid HLE letter before the sellers can grant you the Option to Purchase (OTP).
If you intend to get a housing loan from a financial institution, you must have a valid Letter of Offer before you exercise the OTP.
You may use a combination of cash, savings in your CPF Ordinary Account, and a housing loan from HDB or a financial institution (FI) regulated by the Monetary Authority of Singapore to buy a flat.
To plan for your flat purchase, you may use the budget calculator to estimate your budget and compare the information on housing loans offered by HDB and the participating FIs.
With an estimated budget, use HDB Map Services, resale flat prices and resale statistics in your search for an HDB flat and in setting your offer price.
Before you proceed with the flat purchase, have your HLE letter ready if you wish to take a housing loan from HDB, or approach an FI for an in-principle approval for a housing loan.
Make sure you set aside some cash savings for renovation and other necessary expenses to settle into your new home.
Check online portals, social media or Classifieds section of the newspapers. In shortlisting flats for viewing, please consider:
You may be approached by salespersons offering to act for you. If you are handling the purchase yourself, please tell them so.
* CPF usage and HDB housing loan limits will depend on the extent the remaining lease can cover the youngest buyer to the age of 95. You can check the maximum amount of CPF savings and loan that can be used for housing by using CPF Board's e-service and HDB housing loan using our payment plan calculator.
You may arrange for viewings at different times of the day and week to better gauge if a flat is suitable for you. During a viewing, do consider the following:
If you have any doubts, clarify with the flat sellers or their salesperson. Take note of the answers and observe their reactions.
Request the flat sellers to show proof that they own the flat and are eligible to sell it.
Documents such as a printout from the flat sellers’ My HDBPage at HDB InfoWEB, property tax statement, town council statement, or title deed are examples of documents that can confirm the owners of a flat.
Price negotiation is not simply about offering the lowest price and haggling with the sellers. Here are some useful tips.
Be mindful of your budget. Set a realistic asking price, and the upper limit, based on your budget and your perceived value of the flat.
You are in a better position to negotiate when you have:
Do not rush into your flat purchase. Give yourself time to look around and assess your choices.
When you see a flat that suits your needs and budget, take your time to inspect the flat and its condition before deciding on the purchase.
Other than the flat price, there are other matters you would need to consider when you negotiate with the flat sellers:
You have to pay the sellers an Option Fee when they grant you an OTP. You also have to pay the sellers an Option Exercise Fee when you exercise the OTP.
The Option Fee (amount of $1 to $1,000) and Option Exercise Fee make up the deposit, which must be between $2 and $5,000 in total.
Under Clause 12 of the OTP, you and the sellers will agree on the timeframe to submit the resale application to HDB.
This is a contractual term between you and the sellers. Once it is agreed upon, it may be varied only with mutual consent.
To ease sellers’ transition to their next home, sellers may arrange with you to extend their stay temporarily in the flat, for up to 3 months after the resale completion.
The temporary extension of stay is subject to your agreement. If you agree, the minimum occupation period that you have to fulfil after the flat purchase will start only when the sellers have moved out of your flat.
The HDB Resale Portal provides a step-by-step guide on your buying 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.
You may engage a salesperson to help you manage the flat purchase. However, you still need to know your eligibility to buy a resale flat and the financing of the flat purchase. You may read the information in ‘Manage the purchase on your own’, and also:
Engaging a salesperson is a private matter between you and the salesperson. If you have any issues relating to estate agents or their salespersons, please seek clarification from CEA.
Find out about the mode of financing, registering an Intent to Buy and entering into an Option To Purchase.
Learn about submitting a resale application and what to expect after you have submitted one.
Obtain details on the resale completion appointment and the actions to take before and during the appointment.
Learn about the conditions that flat buyers have to follow after moving into their flat.