Property agent commission This is the very first step to do and a very simple application to register your intend to purchase a flat. The payment will be via the payment modes provided in the HDB Resale Portal/e-Resale System/Estate Agent Toolkit. This new portal follows an earlier move by HDB last year to revamp its online portal for HDB resale flats, resulting in the transaction time being halved to eight weeks when there are no hitches. Select fr studio, 1,2,3,4,5 room with balcony. 7 Steps To Buying A Resale Flat In Singapore (2020 Upd) You submit the valuation request, and HDB decides that the flat is valued at $700,000. HDB | Redirecting... Before you start hunting for a resale flat, here's what you need to know about the HDB resale eligibility criteria. Buyers and sellers can login to the HDB Resale Portal with their Singpass to start their respective resale journeys. The index is based on quarterly average resale price by date of registration. The 5-year Minimum Occupation Period (MOP) will apply for your second HDB flat. It is also useful for those eyeing resale flats. HDB is launching a new resale portal on January 1, 2018, which it says will streamline the resale transaction process for HDB flats by integrating all eligibility checks into a single platform. The 29 million-dollar flats made up 1.1 per cent . A Step-By-Step Guide To Using HDB's Flat Portal To Find Your Perfect BTO Flat. Bukit Panjang HDB Resale Portal Find out more Buyers and sellers can login to the HDB Resale Portal with their SingPass to start their respective resale journeys. Selling my HDB Unit - DirectHome Login with Singpass Available flat types: 2-Room Flexi, 3-Room, 4-Room, 5-Room. This duration can be shorter or longer, depending on HDB backlog and available schedules. My HDBPage is a personalised portal where you can view your transactions, correspondence, and details with HDB at a glance. Launched in 2021, the HDB Flat Portal is an integrated platform that aims to ease the process of planning for the purchase or sale of an HDB flat. Step 1: Register your Intent to Buy on the HDB Resale Portal. Starting first January 2018, HDB launched a new resale portal for both buyers and sellers to help facilitate the resale transactions. Priority will be given to critical or time-sensitive appointments at our physical counters, to reduce person-to-person contact, and ensure the safety of our . Find out more Resale Completion You will be required to attend an appointment with HDB for the purchase of your flat. HDB launches new portal for flat pricing ... - The New Paper Not sure how to go about? Find the home of your dreams today on Singapore's fastest-growing property portal 99.co! What are the fees you need to pay (besides the home loan ... Resale HDB flat prices up in October, but fewer units sold ... Resale levy. HDB | HDB Resale Portal Housing & Development Board Selling Process Note: This page is only applicable to non-resident administrator or executor (without Singpass) of an HDB flat. 5 Jun 2016 Many Singaporeans buy and sell their properties. Estate Renewal/ Upgrading Plans. Resale volume jumped 10.9 per cent from November 2020. The resale portal cuts the transaction time from 16 weeks to eight weeks when there are no hitches in the process. So what is this "new thing" happening for HDB Buyers & Sellers? The HDB Resale Portal will also check your eligibility to sell your flat upon registering the Intent to Sell. This is so that HDB can assess your eligibility to sell the flat and who is eligible to buy over your flat. All sellers and buyers who are Singapore Citizens or Singapore Permanent Residents need to use SingPass to login to the HDB Resale Portal. If you are buying a resale flat, you can do this with the conveyancing lawyer helping you with the legal ownership documents. Currently, budgeting solutions are provided on the platform through three different types of calculators, 1) I am . HDB | FlatPortal Part of the country's Smart Nation push, the upgraded portal will also reduce the number of appointments needed to complete a deal from two to one, and will tap the Housing Board's (HDB) trove of resale transactions to do away with most professional valuations. Property agent commission A Step-By-Step Guide To Using HDB's Flat Portal To Find ... A short summary is about 2 months after both side submit their documents onto HDB resale portal. Once these documents are ready, they will be posted on the HDB Resale Portal. Step 2: Determine your budget and apply for financing. You'll need to pay the resale levy if you're buying a second subsidised flat or certain Executive Condos (EC). About the HDB Resale Price Index Portal. Enjoy a faster and easier resale transaction with the HDB Resale Portal. We focus at Bukit Panjang resale HDB. Currently, resale flat buyers and sellers have to complete an online resale checklist and make two appointments with HDB - a first appointment to work . Read more at The Business Times. Close alert bar. Find out how through this video. Cancellation of resale application Take note of the factors that may cause your resale application to be cancelled. For example, you can check the status of your flat and Housing Loan Eligibility (HLE) . HDB Resale Portal. I can assist in all your property Sell, Buy and Rent goals. Sellers will be able to list and advertise their flats on the portal, and continue to complete the resale application on the same platform. This application is free. Aside from listings, the platform for new flats also includes financial calculators for would-be . This new portal follows an earlier move by HDB last year. "The HDB Resale Portal has halved the time needed for resale flat transactions from 16 weeks to around 8 weeks, and reduced the number of appointments with HDB from two to one," said Mr Lee. To check your eligibility to buy a resale flat, register your Intent to Buy through the HDB Resale Portal, accessible using your SingPass account. All rights reserved.No part o. In May 2022, HDB will launch about 5,200 to 5,700 units of BTO flats in towns/ estates such as Bukit Merah (3-/ 4-room), Jurong West (2-room Flexi/ 3-/ 4-/ 5-room) , Queenstown ( 3-/ 4-room), Tampines (4-/ 5-room) , Toa Payoh (2-room Flexi/ 3-/ 4-room), and Yishun (2-room Flexi/ 4-/ 5 . 1. Near MRT stations. Available flat types: 2-Room Flexi, 3-Room, 4-Room, 5-Room. The amount of CPF savings, housing loan . Please note that if you are buying a home with other applicants like your family members or your partner (fiance), only one person needs to register. you can use our elegant property search tool to find the right New HDB BTO Launch or resale 1-room flat, 2-room flat, 3-room flat, 4-room flat, 5-room flat, jumbo HDB, executive apartment, maisonette HDB, multi-generation HDB and HDB terrace with detailed information, including maps and photos. Singapore property agent with 10+ years experience. Learn more about the resale levy here. You need to activate your SingPass to access the portal. 1. It is simple enough to register: Simply log in to the HDB Resale Portal and submit the relevant details. Do note that only one flat owner needs to register the Intent to Sell. After you have submitted your resale application, HDB will compute your estimated sale proceeds, the buyers' financial plan, as well as the relevant forms and undertakings for the sellers and buyers to endorse. Submit Intent to Sell Submit Resale Application If your family member is a Singapore citizen or Singapore permanent resident, he/she can apply for a SingPass at the SingPass service link on the login page of the HDB Resale Portal or at the SingPass website at www.singpass.gov.sg.If your family member is a non-resident, he/she may sign the documents in person at HDB's office. About HDB Resale Portal Singapore. Step 1: Register Intent to Buy. Attend your HDB resale completion appointment after receiving your approval letter. My HDBPage is a personalised portal where you can view your transactions, correspondence, and details with HDB at a glance. Completing the process has never been easier. The e-service streamlines the flat purchase steps and services. Our services at the HDB Hub and Branches will continue to be via appointments only. Find out more about the streamlined resale process with the HDB Resale Portal. I have read and accept the Terms and Conditions for Registering Intent to Sell, and acknowledge that I have to register my Intent to Sell at least 7 days before I grant an Option to Purchase. In case you are buying a resale flat with someone, only one of you needs to register the purchase intent. Proceed Use the quick links to assist you in your flat purchase or sale Resale Portal Embark on a journey, step by step, to buy a resale flat or sell your flat. Clueless on the New HDB Resale Portal 2018? Here are Some Tips for DIY buyers & sellers for HDB resale flats: Resale Levy - The resale levy […] Types include 3gen, adjoined, double storey exec maisonette & apartment. 2. Previous HDB Resale System had longer waiting time. Through the portal, buyers will be guided on their buying journey, and get to track the progress of their transactions. Learn more about the resale levy here. Upon registration, the Sellers/ Buyers will be able to receive instantaneous assessment on the following: Your eligibility to sell/ buy In total, 2,586 HDB resale flats were sold in November, a 3.2 per cent rise from October. Step 2: Plan your finances. Hi there, thanks for writing to us on AskGuru. HDB | HDB Flat Portal Start planning for the purchase of your dream home. 3. The new portal is the second phase of the HDB Resale Portal launched in January 2018, and was created "after a series of engagement sessions with industry players and stakeholders", he added. What are the Benefits of HDB Resale Portal? In May 2022, HDB will launch about 5,200 to 5,700 units of BTO flats in towns/ estates such as Bukit Merah (3-/ 4-room), Jurong West (2-room Flexi/ 3-/ 4-/ 5-room) , Queenstown ( 3-/ 4-room), Tampines (4-/ 5-room) , Toa Payoh (2-room Flexi/ 3-/ 4-room), and Yishun (2-room Flexi/ 4-/ 5 . HDB | HDB Resale Portal Welcome to the HDB Resale Portal Be guided through the process of buying and selling a resale flat. #1. Arrow down icon Find out more Financial Planning Tools. The HDB Resale Portal was created to streamline the process of buying and selling resale flats. Get Your Home Ready Selling your home may be unfamiliar to you, but we're here to help! Buyer's financial plan HDB will prepare a proposed financial plan based on what has been indicated in the resale application If buyers wish to make changes to the draft financial plan, buyers can revise the financial plan on the HDB Resale Portal, and endorse the revised financial plan. With the HDB Resale Portal, buyers and sellers will enjoy a streamlined resale process in their respective resale journeys. Buying or selling your Resale HDB Flat? 3. Source: HDB resale price index portal, median transaction prices for 4-room resale flat in 2021 Q2. There are 2 important time-specific requirements to observe when submitting your resale application: If buyers submit their portion of the resale application first, the second party will have to do so within 7 days. HDB Resale Price Index Housing and Development Board / 19 Aug 2021 Tracks the overall price movement of the public residential market. You can find out if you need to do so when you register your Intent to Sell at the HDB Resale Portal. Resale levy. Steps. 2. The resale portal automatically retrieves your details from the Government's MyInfo service. Procedures It is important to understand and follow the resale procedures to ensure a smooth flat selling journey. The HDB Resale Portal can provide verification checks; thus, buying and selling an HDB resale flat will be easier and faster. The HDB valuation will determine the amount of CPF savings, housing loan, and the cash over valuation (COV) to pay for your resale flat. Login into the HDB resale portal to register HDB Intent to Buy. Only non-resident Administrators/ Executors who are not eligible to apply for SingPass, can login to the HDB Resale Portal without SingPass. The . Pay resale fees online. With the HDB Resale Portal, buyers and sellers will enjoy a streamlined resale process in their respective resale journeys. The transaction could take as little as 8 weeks! Submitting Resale Application Via HDB Resale Portal. Buyers and sellers must submit their resale applications via the HDB Resale Portal. You can only grant the HDB Option to Purchase after 7 days of registering the Intent to Sell. The application is valid for 12 months and can be re-applied again if expired. Find HDB resale flats from ProNex listings. If you engaged a real estate agent, he/she would be able to guide you . If you are not a non-resident administrator or executor of an HDB flat, please click here. Let's say that you and the seller have agreed on the selling price of $725,000. You can only officially issue the HDB option to purchase after 7 days of registration. The portal for new flats and the platform for resale flats will run in tandem on HDB's website. Buyers and Sellers are to submit the resale application respectively within 30 days from OTP exercise date via the HDB Resale Portal. Resale transacted prices within 200 metres from any HDB Block or DBSS Site/Project; Resale transacted prices for all flat types in each block; All other related information to the block (EIP/SPR Quota, Upgrading Programmes and Distance Enquiry for CPF Housing Grant) The data is based on registered resale applications and is updated daily. With HDB for sale all around the country - whether new or resale HDB units, the HDB portal can be a good place to start looking for a new home. With the streamlined process on the HDB Resale Portal, managing the transaction on your own is easy and convenient. HDB is launching a new resale portal on January 1, 2018, which it says will streamline the resale transaction process for HDB flats by integrating all eligibility checks into a single platform. Financing To better manage the selling process, find out more about the financial matters and costs involved in an HDB flat sale. You can work out and plan your finances with our various financial tools. Register your intent to sell via the HDB Resale Portal. Buying a resales HDB or selling your HDB. You can login to the HDB Resale Portal to view your progress and status of your resale application. Register Intend to Buy. Through the portal, sellers will be guided on their selling journey, and they can track the progress of their transaction. The other spouse can thus be put as an essential occupier, which helps you towards meeting the eligibility criteria by HDB to purchase a flat. Aug 25, 2020. There is no fee for registering and buyers will receive an instant assessment on not only their eligibility to buy, but also CPF housing grants and an HDB housing loan. It is important to work out and have consensus on when to submit with the other party. Available flat types: 2-Room Flexi, 3-Room, 4-Room, 5-Room. Join our Telegram channel and follow our Facebook for the latest update. In this case, you will need to purchase as a sole owner and indicate that you (or your spouse) is the Sole Lessee.. OrangeTee & Tie senior vice-president of research and analytics Christine Sun said the new HDB flat portal makes it easier for users to obtain most of the essential information. Search the latest listings for real estate & HDB for sale in Singapore. To buy a resale HDB flat from the open market, you have to ensure that you meet the conditions of one of the eligibility schemes. Calculators If not, the submission by the first party will lapse and both parties have to re-start the process. The Intent to Buy registration is valid for 12 months. It gives you a preview on the localities, and will probably give you a better idea of what to look for. With eligibility checks and other processes integrated into the same portal, home owners can even sell their flat on their own, without a salesperson. There are 7,520 HDB For Sale in Singapore. The purpose is to reduce the time to complete the transaction and to have a better and more efficient process in place. Grant your buyer the HDB Option to Purchase (OTP) Submit a resale application to HDB. While most usually engage a real estate salesperson to save the hassle, some of them are actually planning to handle the property transactions on their own. 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