The HDB selling process begins with the seller registering an "Intent to Promote" to the HDB Flat Portal, which provides an eligibility check, EIP/SPR quota for your block, and recent transaction costs for nearby flats. This intent is legitimate for twelve months. After a 7-working day cooling-off period of time, the seller can grant a choice to get (OTP) into a purchaser for an option rate of S£1 to S$1,000, that is legitimate for 21 days. The vendor and purchaser then post their respective portions of the resale application on the HDB portal, shelling out an administrative cost of S$forty for one- and a pair of-room flats or S£eighty for 3-place and larger flats. HDB will then confirm the files, and approval is usually granted within two weeks after all paperwork are endorsed on-line. Your complete method culminates inside of a resale completion appointment, typically about 8 months after HDB accepts the resale application, the place keys are handed over and remaining legal documents are signed. Through the procedure, sellers should refund all CPF funds utilized for the purchase, such as accrued curiosity, and pay off website any outstanding housing financial loans with the sale proceeds.