Managing the Sale of Your Flat

You can manage the sale on your own, or engage the services of a salesperson.


Managing the sale by yourself

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

Can I Sell My Flat?

Register your Intent to Sell via the HDB Resale Portal to view your eligibility to sell your flat, 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.

Where Am I Going to Stay Next?

You should plan your next accomodation, before putting your current flat on the market for sale. Otherwise, your family may be left without a home. Have you bought another flat or property? Or are you planning to rent a place or live with your relatives before buying another flat? 

How Much Should I Sell My Flat For?

You can refer to the resale flat prices of flats in your neighbourhood to set a realistic price. These prices reflect the market conditions at the time of the transactions.  

When selling your flat, you need to settle your financial obligations. This includes paying off the outstanding housing loan, refunding the CPF you have used to your CPF Ordinary Account, and off-setting any payments due to HDB. You also have to make sure that you have no outstanding service and conservancy charges, and property tax. Use this calculator to work out the estimated sale proceeds.


How Do I Market and Prepare My Flat for the Sale?

You can advertise your flat for sale in the Classifieds section of the newspapers, online property portals, social media etc.

We recomment that you find out the differences in cost and advertising of the various modes. Choose the advertising mode which best suits your needs and budget. 

Essential information

Remember to include the basic 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

And 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/ school/ town centre
• Amenities available

Things to expect

You may receive calls from prospective buyers or salespersons, asking for more information about your flat.

You may also be approached by salespersons offering to act for you. You can decline their assistance, if you wish to continue to handle the sale yourself.

Showing documents

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

Documents such as a printout from your My HDBPage, property tax statement, town council statement, or title deed are examples of documents that can confirm your ownership of the flat. If you have applied for a confirmation letter from your HDB Branch, it will indicate your ownership and whether you have met the minimum occupation period to sell your flat.

What Do I Negotiate With The Prospective Buyers?

Besides the price, there are other matters to negotiate with your buyers. For example, what amount is the deposit?  What suits you?  What is necessary for the buyers?

If there is any furniture or fittings which you are willing to leave behind, you can offer them in your negotiation and put the items in the inventory list of the Option to Purchase.

Check if the prospective buyers have any deadline to meet. When will you need to move out? It is worthwhile to consider everything in your negotiation.

What Are The HDB Resale Procedures?

Make sure you start off by registering your Intent to Sell using the HDB Resale Portal. You will need to wait out the 7-day cooling-off period after registering, before you grant an Option to Purchase (OTP) to the buyers. 

Once the price is agreed upon, you can grant an OTP to the buyers. They will pay you an option fee of not more than $1,000 and have an option period of 21 calendar days to consider whether they wish to proceed with the purchase.

If your flat buyers decide to:

  • Proceed with the flat purchase, they will exercise the OTP and pay you an option exercise fee. The total of the option fee and option exercise fee must not exceed $5,000.


  • Give up the flat purchase, they will forfeit the option fee paid to you earlier.

Please note that once you have granted an OTP to the buyers, you cannot grant an OTP to another buyer until the option period of 21 days has lapsed.

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

Engaging a salesperson

If your are engaging a salesperson to manage the sale of your flat, do take note of the following:

  • Read the Council for Estate Agents' (CEA) Consumer Guide and their educational materials for practical tips for engaging the services of a salesperson.
  • Check the CEA’s Public Register to make sure that the salesperson is registered with CEA as a licensed salesperson
  • Ensure that you discuss with the salesperson and mutually agree on: 
    • The terms of service
    • The commission payable
    • The period of representation
    • Any exclusivity (if agreed upon)
    • Any other terms, such as payment for advertising, etc.
  • Engaging a salesperson is a private matter between you and the salesperson. Seek clarification from CEA if you have issues relating to estate agents or their salespersons.