With HDB for sale all around the country - whether new or resale HDB units, the HDB portal can be a good place to start looking for a new home. If you are not a non-resident administrator or executor of an HDB flat, please click here. Not sure how to go about? The .
HDB | MNH - A Guide to the HDB Resale Portal for Sellers Resale Flat Prices-Data.gov.sg Available flat types: 2-Room Flexi, 3-Room, 4-Room, 5-Room. Resale volume jumped 10.9 per cent from November 2020. Before you start hunting for a resale flat, here's what you need to know about the HDB resale eligibility criteria. In this case, you will need to purchase as a sole owner and indicate that you (or your spouse) is the Sole Lessee..
New HDB Resale Portal from 1 Jan 2018 to cut resale flat ... A Step-By-Step Guide To Using HDB's Flat Portal To Find Your Perfect BTO Flat. Completing the process has never been easier. The other spouse can thus be put as an essential occupier, which helps you towards meeting the eligibility criteria by HDB to purchase a flat. HDB Resale Portal. Step 1: Check your eligibility to buy a resale HDB flat. Buyers and sellers can login to the HDB Resale Portal with their Singpass to start their respective resale journeys. The HDB Resale Portal is part of Housing & Development Board's (HDB) continuous efforts to streamline its resale process, reduce transaction time and provide added convenience to flat buyers and sellers, under the initiatives of the Real Estate Industry Transformation Map.. Buyers and Sellers are to submit the resale application respectively within 30 days from OTP exercise date via the HDB Resale Portal. In May 2022, HDB will launch about 5,200 to 5,700 units of BTO flats in towns/ estates such as Bukit Merah (3-/ 4-room), Jurong West (2-room Flexi/ 3-/ 4-/ 5-room) , Queenstown ( 3-/ 4-room), Tampines (4-/ 5-room) , Toa Payoh (2-room Flexi/ 3-/ 4-room), and Yishun (2-room Flexi/ 4-/ 5 . This duration can be shorter or longer, depending on HDB backlog and available schedules. In total, 2,586 HDB resale flats were sold in November, a 3.2 per cent rise from October. This new portal follows an earlier move by HDB last year. OrangeTee & Tie senior vice-president of research and analytics Christine Sun said the new HDB flat portal makes it easier for users to obtain most of the essential information. Near MRT stations. With eligibility checks and other processes integrated into the same portal, home owners can even sell their flat on their own, without a salesperson. You can find out if you need to do so when you register your Intent to Sell at the HDB Resale Portal. Currently, resale flat buyers and sellers have to complete an online resale checklist and make two appointments with HDB - a first appointment to work . The transaction could take as little as 8 weeks! Find out how through this video. I have read and accept the Terms and Conditions for Registering Intent to Sell, and acknowledge that I have to register my Intent to Sell at least 7 days before I grant an Option to Purchase. All sellers and buyers who are Singapore Citizens or Singapore Permanent Residents need to use SingPass to login to the HDB Resale Portal. Buying a flat is a long-term commitment. About the HDB Resale Price Index Portal. Step 1: Register Intent to Buy. Currently, budgeting solutions are provided on the platform through three different types of calculators, 1) I am . 13 Sept : Bid Accepted @ 678K 13 Sept : Paid Deposit and Received OTP 14 Sept : Apply for Request of Valuation at HDB Resale Portal 19 Sept: Results of Valuation out, match Bided price , so there are no COV :) 20 Sept: Shortlisting Mortgage Loan with Redbricks 22 Sept: Submit Forms for Bank Loan. If buyers submit their portion of the resale application first, the second party will have to do so within 7 days. The e-service streamlines the flat purchase steps and services. Launched in 2021, the HDB Flat Portal is an integrated platform that aims to ease the process of planning for the purchase or sale of an HDB flat. You can only grant the HDB Option to Purchase after 7 days of registering the Intent to Sell. If you are buying a resale flat, you can do this with the conveyancing lawyer helping you with the legal ownership documents. Starting first January 2018, HDB launched a new resale portal for both buyers and sellers to help facilitate the resale transactions. Read more at The Business Times. Property agent commission Register your intent to sell via the HDB Resale Portal. With the HDB Resale Portal, buyers and sellers will enjoy a streamlined resale process in their respective resale journeys. Then the buyer may proceed with exercising the OTP and pay a deposit to the seller that is less than $5,000 (inclusive of the option fee paid earlier). If you're shopping around for an HDB resale flat and you're not sure how much you should pay for a unit in your chosen estate, one handy tool is the HDB resale price index portal.. Search by HDB town, flat type and resale registration date, plus you . If your family member is a Singapore citizen or Singapore permanent resident, he/she can apply for a SingPass at the SingPass service link on the login page of the HDB Resale Portal or at the SingPass website at www.singpass.gov.sg.If your family member is a non-resident, he/she may sign the documents in person at HDB's office. Arrow down icon Find out more Financial Planning Tools. Learn more about the resale levy here. ️ Pauline Chua. There were 2,505 HDB resale transactions, down 0.6 per cent from the 2,518 units sold in September, according to real estate portal SRX. Estate Renewal/ Upgrading Plans. We focus at Bukit Panjang resale HDB. Find out more about the streamlined resale process with the HDB Resale Portal. With the HDB Resale Portal, buyers and sellers will enjoy a streamlined resale process in their respective resale journeys. There are 2 important time-specific requirements to observe when submitting your resale application: I can assist in all your property Sell, Buy and Rent goals. . An HDB resale flat might just be the housing option to go for. You need to activate your SingPass to access the portal. Endorse the resale documents via the HDB Resale Portal. You'll need to pay the resale levy if you're buying a second subsidised flat or certain Executive Condos (EC). HDB Resale Timeline: Week 8. Search the latest listings for real estate & HDB for sale in Singapore. "The HDB Resale Portal has halved the time needed for resale flat transactions from 16 weeks to around 8 weeks, and reduced the number of appointments with HDB from two to one," said Mr Lee. So what is this "new thing" happening for HDB Buyers & Sellers? Resale transacted prices within 200 metres from any HDB Block or DBSS Site/Project; Resale transacted prices for all flat types in each block; All other related information to the block (EIP/SPR Quota, Upgrading Programmes and Distance Enquiry for CPF Housing Grant) The data is based on registered resale applications and is updated daily. If you would like to estimate the potential value of your property . Learn more about the resale levy here. Put your flat up for sale online. Find the home of your dreams today on Singapore's fastest-growing property portal 99.co! In case you are buying a resale flat with someone, only one of you needs to register the purchase intent. Only non-resident Administrators/ Executors who are not eligible to apply for SingPass, can login to the HDB Resale Portal without SingPass. Through the portal, buyers will be guided on their buying journey, and get to track the progress of their transactions. Use our calculators to work out your finances before buying your flat. The 29 million-dollar flats made up 1.1 per cent . Guide to HDB Resale Application (Without Agent) 1. Step 1: Register your Intent to Buy on the HDB Resale Portal. In May 2022, HDB will launch about 5,200 to 5,700 units of BTO flats in towns/ estates such as Bukit Merah (3-/ 4-room), Jurong West (2-room Flexi/ 3-/ 4-/ 5-room) , Queenstown ( 3-/ 4-room), Tampines (4-/ 5-room) , Toa Payoh (2-room Flexi/ 3-/ 4-room), and Yishun (2-room Flexi/ 4-/ 5 . There is no fee for registering and buyers will receive an instant assessment on not only their eligibility to buy, but also CPF housing grants and an HDB housing loan. Our services at the HDB Hub and Branches will continue to be via appointments only. Clueless on the New HDB Resale Portal 2018? You can only officially issue the HDB option to purchase after 7 days of registration. The time it takes to buy or sell a resale flat will be cut from 16 weeks to about eight from next year, with a revamped HDB resale portal. HDB | HDB Flat Portal Start planning for the purchase of your dream home. You can login to the HDB Resale Portal to view your progress and status of your resale application. There are 7,520 HDB For Sale in Singapore. To buy a resale HDB flat from the open market, you have to ensure that you meet the conditions of one of the eligibility schemes. Around 40 per cent of the units sold in October were four . Submitting Resale Application Via HDB Resale Portal. Through the portal, sellers will be guided on their selling journey, and they can track the progress of their transaction. This is so that HDB can assess your eligibility to sell the flat and who is eligible to buy over your flat. Available flat types: 2-Room Flexi, 3-Room, 4-Room, 5-Room. Join our Telegram channel and follow our Facebook for the latest update. To check your eligibility to buy a resale flat, register your Intent to Buy through the HDB Resale Portal, accessible using your SingPass account. Many buyer / sellers , whether DIY or with agents, are always confused on the timeline of a resale flat after signing OTP . The Intent to Buy registration is valid for 12 months. It is crucial for you to assess your budget carefully before you buy a flat. Types include 3gen, adjoined, double storey exec maisonette & apartment. 3. Acknowledge Resale Documents. Step 2: Determine your budget and apply for financing. Calculators It is simple enough to register: Simply log in to the HDB Resale Portal and submit the relevant details. The portal for new flats and the platform for resale flats will run in tandem on HDB's website. Let's say that you and the seller have agreed on the selling price of $725,000. Do note that only one flat owner needs to register the Intent to Sell. The HDB Resale Portal can provide verification checks; thus, buying and selling an HDB resale flat will be easier and faster. The HDB Resale Portal will also check your eligibility to sell your flat upon registering the Intent to Sell. Once these documents are ready, they will be posted on the HDB Resale Portal. Buyers and sellers can login to the HDB Resale Portal with their SingPass to start their respective resale journeys. The index is based on quarterly average resale price by date of registration. For example, you can check the status of your flat and Housing Loan Eligibility (HLE) . This new portal follows an earlier move by HDB last year to revamp its online portal for HDB resale flats, resulting in the transaction time being halved to eight weeks when there are no hitches. HDB is launching a new resale portal on January 1, 2018, which it says will streamline the resale transaction process for HDB flats by integrating all eligibility checks into a single platform. Attend your HDB resale completion appointment after receiving your approval letter. Login with Singpass My HDBPage is a personalised portal where you can view your transactions, correspondence, and details with HDB at a glance. Procedures It is important to understand and follow the resale procedures to ensure a smooth flat selling journey. If you engaged a real estate agent, he/she would be able to guide you . The amount of CPF savings, housing loan . 5 Jun 2016 Many Singaporeans buy and sell their properties. Home purchase is a long-term financial commitment. You can work out and plan your finances with our various financial tools. Upon registration, the Sellers/ Buyers will be able to receive instantaneous assessment on the following: Your eligibility to sell/ buy Singapore property agent with 10+ years experience. For example, you can check the status of your flat and Housing Loan Eligibility (HLE) . Get Your Home Ready Selling your home may be unfamiliar to you, but we're here to help! 1. Buying or selling your Resale HDB Flat? Day 1. From 1 January 2018 onwards, resale flat buyers and sellers will need to login to HDB's Resale Portal via their SingPass before they can buy or sell a HDB resale flat. After you have submitted your resale application, HDB will compute your estimated sale proceeds, the buyers' financial plan, as well as the relevant forms and undertakings for the sellers and buyers to endorse. All rights reserved.No part o. A short summary is about 2 months after both side submit their documents onto HDB resale portal. HDB is launching a new resale portal on January 1, 2018, which it says will streamline the resale transaction process for HDB flats by integrating all eligibility checks into a single platform. 2. In May 2022, HDB will launch about 5,200 to 5,700 units of BTO flats in towns/ estates such as Bukit Merah (3-/ 4-room), Jurong West (2-room Flexi/ 3-/ 4-/ 5-room) , Queenstown ( 3-/ 4-room), Tampines (4-/ 5-room) , Toa Payoh (2-room Flexi/ 3-/ 4-room), and Yishun (2-room Flexi/ 4-/ 5 . With the streamlined process on the HDB Resale Portal, managing the transaction on your own is easy and convenient. The HDB valuation will determine the amount of CPF savings, housing loan, and the cash over valuation (COV) to pay for your resale flat. PRICES of HDB resale flats climbed for the 17th straight month in November 2021 while transaction volumes continued to see a steady uptrend, according to flash data released by real estate portal SRX on Thursday (Dec 9). Steps. While most usually engage a real estate salesperson to save the hassle, some of them are actually planning to handle the property transactions on their own. Through the portal, buyers will be guided on their buying journey, and get to track the progress of their transactions. The purpose is to reduce the time to complete the transaction and to have a better and more efficient process in place. Buyer's financial plan HDB will prepare a proposed financial plan based on what has been indicated in the resale application If buyers wish to make changes to the draft financial plan, buyers can revise the financial plan on the HDB Resale Portal, and endorse the revised financial plan. Hi there, thanks for writing to us on AskGuru. The index till 3Q2014 was computed using stratification method, while that from 4Q2014 onwards is computed using the stratified . Pay resale fees online. Prior to the launch of the Resale Portal, a resale transaction took . It is important to work out and have consensus on when to submit with the other party. Buyers and sellers must submit their resale applications via the HDB Resale Portal. You submit the valuation request, and HDB decides that the flat is valued at $700,000. Grant your buyer the HDB Option to Purchase (OTP) Submit a resale application to HDB. The resale portal cuts the transaction time from 16 weeks to eight weeks when there are no hitches in the process. Looking to buy HDB in Singapore? After exercising the Option to Purchase (OTP), buyers and sellers must submit their respective portions of the resale application, together with the necessary documents, to HDB via the HDB Resale Portal. This is the very first step to do and a very simple application to register your intend to purchase a flat. Cancellation of resale application Take note of the factors that may cause your resale application to be cancelled. Sellers will be able to list and advertise their flats on the portal, and continue to complete the resale application on the same platform. Aug 25, 2020. If not, the submission by the first party will lapse and both parties have to re-start the process. Part of the country's Smart Nation push, the upgraded portal will also reduce the number of appointments needed to complete a deal from two to one, and will tap the Housing Board's (HDB) trove of resale transactions to do away with most professional valuations. Using the HDB Resale Portal will benefit you in many ways: - Shortens resale transaction time by up to 8 weeks - Reduces manual entry of personal information Within 3 weeks of Registering Intent to Buy. It is also useful for those eyeing resale flats. #1. If you're shopping around for an HDB resale flat and you're not sure how much you should pay for a unit in your chosen estate, one handy tool is the HDB resale price index portal.. Search by HDB town, flat type and resale registration date, plus you can even drill down into finer details such as street name, block number and even the range of the . To do so, simply log into the HDB Resale Portal with your SingPass account. Step 2: Plan your finances. Available flat types: 2-Room Flexi, 3-Room, 4-Room, 5-Room. From 1 January 2018, buyers and sellers will enjoy a streamlined resale process with the introduction of the new HDB Resale Portal. What are the Benefits of HDB Resale Portal? The HDB Resale Portal was created to streamline the process of buying and selling resale flats. The resale portal automatically retrieves your details from the Government's MyInfo service. The payment will be via the payment modes provided in the HDB Resale Portal/e-Resale System/Estate Agent Toolkit. Submit Intent to Sell Submit Resale Application Please note that if you are buying a home with other applicants like your family members or your partner (fiance), only one person needs to register. you can use our elegant property search tool to find the right New HDB BTO Launch or resale 1-room flat, 2-room flat, 3-room flat, 4-room flat, 5-room flat, jumbo HDB, executive apartment, maisonette HDB, multi-generation HDB and HDB terrace with detailed information, including maps and photos. Property agent commission 1. Priority will be given to critical or time-sensitive appointments at our physical counters, to reduce person-to-person contact, and ensure the safety of our . Find out more Resale Completion You will be required to attend an appointment with HDB for the purchase of your flat. It gives you a preview on the localities, and will probably give you a better idea of what to look for. This application is free. You can find out if you need to do so when you register your Intent to Sell at the HDB Resale Portal. Find HDB resale flats from ProNex listings. Proceed Use the quick links to assist you in your flat purchase or sale Resale Portal Embark on a journey, step by step, to buy a resale flat or sell your flat. HDB will inform the buyers via email once the value of the flat is available in the HDB Resale Portal, typically within 10 working days. HDB | HDB Resale Portal Welcome to the HDB Resale Portal Be guided through the process of buying and selling a resale flat. HDB e-Services will not be available during this scheduled maintenance period. Close alert bar. Revamped in January with streamlined processes, the portal promises to halve the time for resale transactions, and reduce the number of trips buyers and sellers have to make to HDB to sign papers. Previous HDB Resale System had longer waiting time. Financing To better manage the selling process, find out more about the financial matters and costs involved in an HDB flat sale. We have ready buyers looking for 3Room, 4Rooom, 5Room and Executive type HDB. HDB Resale Price Index Housing and Development Board / 19 Aug 2021 Tracks the overall price movement of the public residential market. Source: HDB resale price index portal, median transaction prices for 4-room resale flat in 2021 Q2. The first step in the resale buying process is to register your intent to buy a resale HDB flat. Your gateway to easier and faster resale transactionsFind out more at http://www.hdb.gov.sg© 2018 Housing & Development Board. Aside from listings, the platform for new flats also includes financial calculators for would-be . Register Intend to Buy. HDB flats are home to over 80% of Singapore's resident population. Here are Some Tips for DIY buyers & sellers for HDB resale flats: Resale Levy - The resale levy […] The 5-year Minimum Occupation Period (MOP) will apply for your second HDB flat. The HDB Resale Portal provides a step-by-step guide on your buying journey. 3. Advisory. Call +65 8800 9441 today. Select fr studio, 1,2,3,4,5 room with balcony. The HDB Resale Portal streamlines all the resale of flats processes into a single platform, and provides a step-by-step guide for flat buyers and sellers throughout the resale transaction. HDB | HDB Resale Portal Housing & Development Board Selling Process Note: This page is only applicable to non-resident administrator or executor (without Singpass) of an HDB flat. 2. Resale levy. Enjoy a faster and easier resale transaction with the HDB Resale Portal. Find out more Resale levy. 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