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What is the procedure for selling my 5-room HDB and buying a 4-room HDB
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Below is a general outline of the process:
Selling Your 5-Room HDB:
1. Register the intent to sell through the HDB Resale Portal.
2. Submit the resale application once you have a buyer.
3. Endorse required resale documents (within 6 days from notification).
4. Pay the necessary resale fees online by credit card.
5. Await HDB’s approval of the resale application.
6. Attend HDB’s resale completion appointment.
1. Register the intent to sell through the HDB Resale Portal.
2. Submit the resale application once you have a buyer.
3. Endorse required resale documents (within 6 days from notification).
4. Pay the necessary resale fees online by credit card.
5. Await HDB’s approval of the resale application.
6. Attend HDB’s resale completion appointment.
Buying a 4-Room HDB:
1. Register the intent to buy in the HDB Resale Portal.
2. Obtain an Option to Purchase (OTP) from the flat’s seller (ensure valid financing approval if needed).
3. Decide on the mode of financing (cash, CPF savings, housing loan) for the purchase.
4. Submit a Request for Value to HDB.
5. Submit the resale application through the portal.
6. Endorse the resale documents (within 6 days from the notification).
7. Pay fees online (credit card).
8. Receive approval of the resale application from HDB.
9. Attend the resale completion appointment.
1. Register the intent to buy in the HDB Resale Portal.
2. Obtain an Option to Purchase (OTP) from the flat’s seller (ensure valid financing approval if needed).
3. Decide on the mode of financing (cash, CPF savings, housing loan) for the purchase.
4. Submit a Request for Value to HDB.
5. Submit the resale application through the portal.
6. Endorse the resale documents (within 6 days from the notification).
7. Pay fees online (credit card).
8. Receive approval of the resale application from HDB.
9. Attend the resale completion appointment.
Planning and timing may vary depending on your financial arrangements (such as loan eligibility and CPF use). Ensure all documents are submitted accurately and review HDB requirements to complete the transactions promptly.