The HDB offering approach starts with the seller registering an "Intent to Sell" on the HDB Flat Portal, which provides an eligibility Look at, EIP/SPR quota for that block, and recent transaction prices for close by flats. This intent is valid for twelve months. After a seven-day cooling-off time period, the seller can grant an alternative to acquire (OTP) into a purchaser for an option rate of S£1 to S$1,000, which can be legitimate for 21 times. The seller and purchaser then submit their respective portions of the resale application around the HDB portal, paying more info an administrative price of S$forty for 1- and 2-home flats or S£eighty for 3-area and larger flats. HDB will then confirm the paperwork, and approval is often granted within just two weeks In spite of everything paperwork are endorsed on the net. The entire process culminates inside of a resale completion appointment, typically about 8 weeks after HDB accepts the resale software, the place keys are handed above and remaining lawful paperwork are signed. In the course of the procedure, sellers ought to refund all CPF money useful for the acquisition, together with accrued curiosity, and pay back any exceptional housing financial loans in the sale proceeds.