The HDB selling approach commences with the seller registering an "Intent to Provide" on the HDB Flat Portal, which provides an eligibility Test, EIP/SPR quota to the block, and up to date transaction costs for nearby flats. This intent is legitimate for twelve months. Following a seven-working day cooling-off period, the seller can grant a choice to invest in (OTP) to some customer for an alternative charge of S$1 to S$1,000, and that is legitimate for 21 days. The seller and purchaser then submit their respective areas of the resale application to the HDB portal, shelling out an administrative charge of S$forty for 1- and a pair of-space flats or S$80 for three-area and bigger flats. HDB will then verify the files, and approval is usually granted within two more info weeks In fact documents are endorsed on the net. The whole course of action culminates inside a resale completion appointment, normally about 8 months following HDB accepts the resale application, wherever keys are handed more than and remaining authorized paperwork are signed. Through the procedure, sellers should refund all CPF money employed for the acquisition, together with accrued interest, and pay off any excellent housing loans from your sale proceeds.