Interested in selling your HDB flat? Whether you’re doing it by yourself or with the help of a property agent, the Housing & Development Board (HDB) process is quite fast and hassle-free. Most of the steps are done online via the HDB Resale Portal, ensuring the convenience and safety of both home buyers and sellers.
How long does it take to sell an HDB resale flat?
The procedure for selling an HDB resale flat can take anywhere from 12 to 15 weeks, depending on how quickly you can find a serious buyer and negotiate terms.
Still unsure about where to begin? We’ve created an overview of everything that every aspiring buyer needs to know when purchasing an HDB resale flat.
HDB Resale Procedure: Seller’s Timeline
To make it easier for you to follow the steps involved in selling your flat, we’ve prepared an easy-to-follow timeline of the HDB selling process. Also included are optional steps like applying for the Enhanced Contra Facility (ECF) and Temporary Extension of Stay.
|Day 1|| Step 1: Register your Intent to Sell on the HDB Resale Portal.
|Within 3 weeks of registering Intent to Sell|| Step 2: Determine your asking price.
Step 3: Post a listing and entertain potential buyers.
Step 4: Grant the Option to Purchase (OTP).
|Within 21 days of granting the OTP||
Step 5: Acknowledge the exercised OTP.
||Within the mutually agreed date of submission with the buyer*||
Step 6: Submit the Resale Application.
|Within 1 month after the Resale Application has been submitted||
Step 7: Endorse Resale Documents.
|1-3 days before the Completion Appointment||
Step 8: Vacate the flat and conduct the inspection.
|Within 8-10 weeks of HDB’s acceptance of the Resale Application||
Step 9: Attend the Completion Appointment.
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