### HDB Resale Procedure

#### Register Intent to Buy
1. Register Intent to Buy on the HDB Resale Portal using SingPass.

#### Buying Process
2. Check eligibility to buy an HDB resale flat (must fall within approved family nucleus scheme).
3. Ensure sufficient funds (CPF, cash, housing loan) to buy a flat.
4. Verify eligibility for an HDB loan and obtain an HDB Loan Eligibility (HLE) Letter or get a bank loan and obtain a Letter of Offer (LO) from a bank/financial institution.
5. Meet the requirements of the Ethnic Integration Policy.
6. Check if the resale flat is affected by any Upgrading/Estate Renewal Programme (seller pays the upgrading cost).
7. Verify if there is any recess area fronting the flat.
8. Ensure sellers are selling the flat as owners or legal representatives and have met HDB's requirements to sell the flat.

#### After Registering Intent to Buy
9. Apply for an HDB Loan Eligibility (HLE) letter if intending to get a housing loan from HDB.
10. If not requiring an HDB loan or getting a loan from a financial institution, proceed to look for a suitable flat within budget and obtain an OTP from the sellers.
11. If getting a loan from a financial institution, have a valid Letter of Offer (LO) before exercising the OTP.

#### Finalise Buyer's Resale Financial Plan
12. Verify eligibility for HDB loan and determine the amount of mortgage loan that can be granted.
13. Process application to withdraw CPF savings for the purchase.
14. Set aside CPF Ordinary Account (OA) amount for payment of stamp duty, conveyancing fee, and Home Protection Scheme (HPS) premium (if any).
15. Determine the amount of cash needed to pay for the flat.
16. Inform buyer of the amount of stamp and conveyancing fees to be paid.
17. Arrange for use of GIRO for monthly instalments.

#### Procedure for Entering into a Binding Contract Using OTP (7 Steps)
18. Negotiate and agree on the price of the resale flat.
19. Sellers grant the OTP to the buyers (at least 7 days after Intent to Sell).
20. Fill in the Option to Purchase form with all required information.
21. Seller(s) sign the top half of the OTP form.

Steps include: register intent to buy, check eligibility and finances, secure HDB loan or bank loan, meet Ethnic Integration Policy, verify flat and seller status, obtain OTP, plan finances for CPF/cash, negotiate and sign Option to Purchase.

when buying hdb flat what the step to take note ?

What are the steps to take note of when buying an HDB flat

To apply for an HFE letter, visit the HDB website and submit your application online. Ensure you and/or your co-applicants have worked continuously for at least 12 months, and your household income will be assessed for this period. At least one applicant must be working at the time of application.

Apply for an HFE letter on the HDB website, ensuring all applicants have worked at least 12 months and meet income criteria; at least one must be employed during application.

can explain how to apply hfe in short message .

Can you explain how to apply for an HFE application in a short message

Factory (all types) refers to various industrial buildings for manufacturing, production, or storage, including detached, semi-detached, terrace, and flatted factories/warehouses, each catering to different operational needs.

For a buyer purchasing a $5 million condo under the progressive payment scheme, the typical payment schedule and fees would look like this:

1) **Exercising the Option / Paying the Booking Fee:**
   - **Timeframe:** Upon exercising the option
   - **% of Purchase Price:** 5%
   - **Amount:** $250,000
   - **Payment Mode:** Cash, cannot be supplemented using CPF or a bank loan.

2) **Signing the Sale and Purchase (S&P) Agreement to exercise the OTP:**
   - **Timeframe:** Within 3 weeks of receiving the agreement

3) **Buyer's Stamp Duty (BSD):**
   - **Timeframe:** Within 14 days of signing the S&P Agreement
   - **% of Purchase Price:** 1% of first S$180,000, 2% of next S$180,000, 3% of the next S$640,000, 4% of the remaining amount
   - **Amount:** $179,600
   - **Payment Mode:** Cash/CPF

4) **Downpayment:**
   - **Timeframe:** Within 8 weeks of exercising the option
   - **% of Purchase Price:** 15%
   - **Amount:** $750,000
   - **Payment Mode:** Cash/CPF

5) **Legal Fees:**
   - **Amount:** ~$3,500
   - **Payment Mode:** Cash/CPF

6) **Valuation Fee:**
   - **Amount:** ~$400
   - **Payment Mode:** Cash/CPF

Next are the construction milestones:

7) **Foundation of Work:**
   - **Timeframe:** ~6 – 9 months from launch
   - **% of Purchase Price:** 10%
   - **Amount:** $500,000
   - **Payment Mode:** Cash and/or bank loan

8) **Reinforced Concrete Framework:**
   - **Timeframe:** ~6 – 9 months later
   - **% of Purchase Price:** 10%
   - **Amount:** $500,000
   - **Payment Mode:** Cash and/or bank loan

9) **Brick Walls of Unit:**
   - **Timeframe:** ~3 – 6 months later
   - **% of Purchase Price:** 5%
   - **Amount:** $250,000
   - **Payment Mode:** Cash and/or bank loan

10) **Ceiling of Unit:**
    - **Timeframe:** ~3 – 6 months later
    - **% of Purchase Price:** 5%
    - **Amount:** $250,000

11) **Door and Window Frames, Wiring, Internal Plastering and Plumbing:**
    - **Timeframe:** ~3 – 6 months later
    - **% of Purchase Price:** 5%
    - **Amount:** $250,000

12) **Car Park, Roads and Drains Serving the Project:**
    - **Timeframe:** ~3 – 6 months later
    - **% of Purchase Price:** 5%
    - **Amount:** $250,000

Lastly, the completion milestones:

13) **Notice of Vacant Possession (TOP Date):**
    - **Timeframe:** TOP Date
    - **% of Purchase Price:** 25%
    - **Amount:** $1,250,000

14) **Legal Completion (CSC Date):**
    - **Timeframe:** Date of legal completion/certificate of statutory completion (CSC)
    - **% of Purchase Price:** 15%
    - **Amount:** $750,000

In summary, the initial outlay in cash would be:

- Booking Fee: $250,000
- Buyer's Stamp Duty: $179,600
- Downpayment: $750,000
- Legal Fees: ~$3,500
- Valuation Fee: ~$400

**Total Initial Outlay:** ~$1,183,500

Purchasing a $5M condo involves an initial outlay of ~$1,183,500 (booking fee, stamp duty, downpayment, legal and valuation fees), with remaining payments staggered based on construction and legal milestones. Click for more.

if purchase a 5 million condo what the outlay?

What is the outlay for purchasing a 5 million condo

To purchase a million-dollar condo, the typical outlay under the progressive payment scheme would include the following:

1. **Booking Fee**:
   - **Amount**: 5% of Purchase Price
   - **Payment Mode**: Cash
   - **Outlay**: $50,000

2. **Buyer's Stamp Duty (BSD)**:
   - **Amount**: 1% of first $180,000, 2% of next $180,000, 3% of the next $640,000
   - **Outlay**: $24,600

3. **Downpayment**:
   - **Amount**: 15% of Purchase Price
   - **Payment Mode**: Cash/CPF
   - **Outlay**: $150,000

4. **Legal Fees**:
   - **Amount**: ~$3,500
   - **Payment Mode**: Cash/CPF
   - **Outlay**: $3,500

5. **Valuation Fee**:
   - **Amount**: ~$400
   - **Payment Mode**: Cash/CPF
   - **Outlay**: $400

6. **Foundation of Work**:
   - **Amount**: 10% of Purchase Price
   - **Payment Mode**: Cash and/or bank loan
   - **Outlay**: $100,000

7. **Reinforced Concrete Framework**:
   - **Amount**: 10% of Purchase Price
   - **Payment Mode**: Cash and/or bank loan
   - **Outlay**: $100,000

8. **Brick Walls of Unit**:
   - **Amount**: 5% of Purchase Price
   - **Payment Mode**: Cash and/or bank loan
   - **Outlay**: $50,000

9. **Ceiling of Unit**:
   - **Amount**: 5% of Purchase Price
   - **Payment Mode**: Cash and/or bank loan
   - **Outlay**: $50,000

10. **Door and Window Frames, Wiring, Internal Plastering and Plumbing**:
    - **Amount**: 5% of Purchase Price
    - **Payment Mode**: Cash and/or bank loan
    - **Outlay**: $50,000

11. **Car Park, Roads and Drains Serving the Project**:
    - **Amount**: 5% of Purchase Price
    - **Payment Mode**: Cash and/or bank loan
    - **Outlay**: $50,000

12. **Notice of Vacant Possession (TOP Date)**:
    - **Amount**: 25% of Purchase Price
    - **Payment Mode**: Cash and/or bank loan
    - **Outlay**: $250,000

13. **Legal Completion (CSC Date)**:
    - **Amount**: 15% of Purchase Price
    - **Payment Mode**: Cash and/or bank loan
    - **Outlay**: $150,000

**Total Outlay**: $1,028,900

This includes the initial booking fee, downpayment, stamp duty, legal fees, valuation fee, and subsequent payments at various construction milestones.

To buy a $1M condo, expect a total outlay of $1,028,900, including booking fee, buyer's stamp duty, downpayment, legal/valuation fees, and progressive payments at construction milestones. Click for more.

to purchase millions condo what is the outlay ?

What is the outlay to purchase a millions condo

The rental market in Singapore in 2025 is characterized by shifting tenant preferences towards properties with modern amenities, constrained inventory despite new completions, regional variations in demand and pricing, growing long-term rental demand due to global mobility, and the impact of new property launches. Rental rates may trend slightly downward.

how is the rental market for properties in singapore now

What is the current rental market like for properties in Singapore

To find your 2024 property tax receipt in Singapore, log in to the IRAS myTax Portal using your SingPass or IRAS unique account. If opted for electronic billing, check your email; otherwise, check your mail for a hard copy. Alternatively, check the payment method used for the receipt.

No, once granted the Option to the buyer, you cannot grant another option to a different buyer until the Option granted earlier has expired.

You cannot grant a new HDB OTP to another buyer within the 21-day validity if the previous buyer has not exercised or the option has not expired.

if the buyer chose not to exercise, can i issue a new hdb otp within 21 days ?

Can I issue a new HDB OTP within 21 days if the buyer chose not to exercise

Different types of easements include:

1. **Easement of support**
2. **Easement of shelter**
3. **Easement for passage of water, sewerage, drainage, and other services**
4. **Easements for light, over-hanging leaves, and other projections**
5. **Easement by necessity**
6. **Easement by prescription**
7. **Express easement**
8. **Implied easement**
9. **Affirmative easement**
10. **Negative easement**
11. **Easement appurtenant**
12. **Easements for installations**
13. **Implied easements for right of way and other rights shown in subdivision plan**
14. **Grant of right of way**
15. **Party walls**

Types of easement include support, shelter, passage of utilities, light, necessity, prescription, express, implied, affirmative, negative, appurtenant, installations, right of way, and party walls.

If the required documents are submitted accurately and promptly, it will take approximately 8 weeks from acceptance to completion of the resale application.

Selling older HDB flats typically takes about 8 weeks from application acceptance to completion, provided all documents are submitted accurately and promptly.

How long does it take to sell older HDB flats

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