You can apply for the resale/ transfer of HDB sold shop premises via GoBusiness. This service is not applicable to units in HDB shopping and office complexes, which are managed by Managing Agents.

Due to recent surge in the number of requests for resale and change of use of sold shops, please expect a longer processing time of at least 4 weeks after all supporting documents/ payment are received. Therefore, do check and ensure that all supporting documents/ payments required for your application(s) are duly submitted. Please be assured that we will process your requests as quickly as we can.

Here are the criteria and required documents you need to fulfil and submit before you can purchase a shop from the open market.

Criteria for application

The criteria for application are:

You must be 21 years and above at the date of application
If the sellers/ buyers are undischarged bankrupts, the consent of the Official Assignee is needed for the resale
Applicants need to read through the Terms and Conditions (PDF, 140KB)
A person will not be allowed to concurrently own:

(a) an HDB flat (subsidised** or non-subsidised) within Minimum Occupation Period (“MOP”) plus any HDB shop with Living Quarters (“LQ”).

(b) a subsidised HDB flat within MOP plus more than one HDB shop (without LQ).

* Person also refers to a company owned by individual(s) who is/are listed as an applicant(s)/owner(s) or occupier(s) in a subsidised or non-subsidised HDB flat (which has not met the MOP).

** Subsidised flat, generally refers to the purchase of a flat from HDB, a resale flat with the CPF Housing Grant or an Executive Condominium (EC) unit from property developers (with or without the CPF Housing Grant).

For HDB shop with Living Quarters (LQ), the LQ component may be counted as a residential property for Additional Buyer’s Stamp Duty (ABSD) purposes. For ABSD and other tax enquiries eg Seller’s Stamp Duty, Buyer’s Stamp Duty and GST etc, please seek IRAS’ advice. You may access the IRAS’s website at www.iras.gov.sg. For any other matters under other relevant authorities, please also check with them directly.

Supporting documents

Photocopies of buyers’ NRIC
Latest business registration record from the Accounting & Corporate Regulatory Authority
Company's resolution (For Pte. Ltd. Co.)
Letter of Authorisation/ Power of Attorney (For Mortgagee Sale)
Letter of Undertaking for Mortgagee Sale
Grant of Probate/ Grant of Letters of Administration (For deceased cases)
Undertaking for proposed trade as stated in Clause 14 of the Terms and Conditions
- Unless the proposed trade is already operating in the premises, it must start within 2 months from the date of the resale/ transfer completion. If the proposed trade cannot be confirmed or is subject to tenancy, an undertaking signed by all the transferees must be submitted. The undertaking should state that the transferees will operate an approved service/ retail trade within 2 months of the resale/ transfer completion

Lodgement scheme

Under the lodgement scheme, those who would like to sell their shops only need to lodge or file their resale details via GoBusiness with an administrative fee of $109 (inclusive of GST).

The lodgement scheme is not applicable under the following scenarios:

Shops that have not been issued with leases. In this case, the owners need to sign a fresh Agreement for Lease with us
Exceptional cases that involve a material change of use requiring our evaluation. In this case, we will first assess whether the proposed use will cause any inconvenience to the surroundings. Examples of such cases are family restaurants and those who would like to change their living quarters to non-residential use

Requesting for inspection reports

When you purchase a shop, you can choose not to have an inspection of the premises during the resale/ transfer application. The alternative to us conducting a site inspection, is for you to engage a Qualified Person or accredited checker to make sure that any alteration and addition works carried out/ to be carried out in the premises meet all legal requirements. For this option, both transferors and transferees need to submit the Declaration and Undertaking form.

For works done before 1 October 2005, the shop owners can request for our renovation records/ inspection report for $327 (inclusive of GST). For works done after 1 October 2005, they can appoint their own Qualified Person to verify that the works meet the requirements of the Building & Construction Authority/ Fire Safety & Shelter Department.

Administrative fees

The following table lists the total fees payable based on the type of application and the options that are chosen:

Application Type		Administrative Fees Payable (Inclusive of GST)
Application Type		Breakdown	Total
Lodgement scheme	Lodgement (waiver of inspection)	$109	$109
Lodgement scheme	Lodgement (request for inspection)	$109 + $327	$436
Application (requires us to process)	Lease not issued	$545	$545
	Proposed trade that requires change of use
	Change of use of living quarters to non-residential use
	If proposed use of the trading area is not in the list
Additional fees for the transfer of the outdoor refreshment area	Lodgement (waiver of inspection) + transfer of the existing outdoor refreshment area	$109 + $218	$327
	Lodgement (request for inspection) + transfer of the existing outdoor refreshment area	$109 + $327 + $218	$654
	Application + transfer of the existing outdoor refreshment area	$545 + $218	$763

Application Guidelines for Buying an HDB Shop or Office from Open Market

Recommended

Pro-Business Schemes

Application Guidelines for Renting an HDB Shop or Office from Open Market