Sale of HDB Flats

Question 1

Eligibility of conditions for sale of HDB flats?

Answer 1

MOP 5 years
Ethnic Integration Policy
Singapore PR quota
Additional requirement required by Law

Question 2

For non-malaysian SPRs, what is the SPR quota in neighbourhood?

Answer 2

5% in neighbourhood

Question 3

For non-malaysian SPRs, what is the SPR quota in block?

Answer 3

8% in block

Question 4

In the event owner is not able to attend to housing sales mater personally, what can they apply for in proxy?

Answer 4

Power of Attorney

Question 5

What forms to be signed are excluded under POA?

Answer 5

1) Application form
2) Statutory declaration
3) Any forms of undertaking

Question 6

What replaces the Resale checklist?

Answer 6

Registering Intent to sell

Question 7

What is the maximum Option fee to be collected for HDB resale?

Answer 7

Min $1 - Max $1000

Question 8

What is the maximum exercise fee to be collected for HDB resale?

Answer 8

Max $5000 ( including any option fee paid)

ie: if Buyer paid $1000 option fee, then exercise fee can only be $4000

Question 9

Validity of the Intent To Sell?

Answer 9

12 months

Question 10

After the buyer or seller submits the resale application, within how many days must the other party submit?

Answer 10

7 calendar days

Question 11

How long generally does resale process takes?

Answer 11

8 weeks from the acceptance of the resale application

Question 12

How many resale appointments are needed?

Answer 12

1

Question 13

What is given once documents are endorsed?

Answer 13

In-principle approval for resale

Question 14

How long an extension, maximum, can a seller request to extend their stay after legal handing over?

Answer 14

3 months

Question 15

What must buyer apply in order to be granted OTP?

Answer 15

Intent to buy

Question 16

Who’s duty is it to apply for valuation request?

Answer 16

Buyer, after signing OTP.