🕷️ Crawler Inspector

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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 145 (from laksa056)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa145.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://dollarsandsense.sg/step-step-guide-buying-resale-hdb-flat-singapore/\')), getAhrefsUnparsedNoserviceFromURL(\'https://dollarsandsense.sg/step-step-guide-buying-resale-hdb-flat-singapore/\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/dollarsandsense.sg\/step-step-guide-buying-resale-hdb-flat-singapore\/","crawl_time":1776036180,"first_indexed_time":1620259707,"http_code":200,"src_unparsed":"sg,dollarsandsense!\/step-step-guide-buying-resale-hdb-flat-singapore\/ s443","src_root_hash":"5651999613980250745","history_drop_reason":null,"meta_title":"Step-by-Step Guide On Buying A Resale HDB Flat in Singapore","meta_descriptions":["From dreaming up a new home to the collection of keys on the appointment date, here is a guide on the entire process of buying a resale HDB flat."],"attrs_boilerpipe_text":"Aside from Build-To-Order (BTO) flats, resale flats are another option for public housing in Singapore. According Q1 2021\nHDB resale statistics\n, there has been an increase in HDB resale purchases – a total of 7,581 resale applications were made which is almost 29% higher than Q1 2020.\nWhile buying a BTO is a relatively straightforward process (check out our\nstep-by-step guide to buying a BTO flat\n), a resale flat transaction can be more complicated. The process can take about 2 to 3 months, or more depending on the buyer(s), seller(s), and any potential delays on submissions and coordination of the process.\nHere is a guide on the process of buying a resale flat.\nRead Also:\nPlanning To Buy A Resale Flat? Here Are 6 Things To Take Note Of When Choosing The Ideal Home For You\n#1 Eligibility To Purchase\nFirst, we need to check that we are eligible for the HDB resale purchase. This includes fulfilling both\nHDB criteria\nand the financial capability to take on the purchase or mortgage.\nFor HDB requirements, we can check our eligibility\nhere\n. Similar to the eligibility for BTO flats, we would need to form an eligible family unit to purchase a HDB flat or be 35 years old and above to purchase as a single. Apart from fulfilling age and citizenship requirements, there are other requirements to take note of. For example, buyers are not supposed to have other properties and would have to dispose of them within 6 months of purchase.\nFor finances, it would depend on the kind of financing we are using. Apart from our cash and Central Provident Fund (CPF) Ordinary Account savings, we may also be eligible for HDB housing grants and apply for housing loans to afford the purchase.\nThe use of our CPF funds is limited by the remaining lease of the flat we purchase. If the resale flat we intend to purchase has a lease of 20 years or less, or it doesn’t cover the youngest buyer until 95 years old, the amount of CPF savings you can use will be prorated. Similarly, the lease also affects the loan amount for HDB housing loans. For flats with less than 20 years, HDB will not provide a housing loan for the purchase.\nFor HDB loan financing, we can check on our loan potential limits\nhere\n. For financial institutions, we can check with the individual banks or consult a mortgage broker such as\nRedbrick\n. To better budget our finances, HDB has a calculator for us to make better estimations\nhere\n.\nRead Also:\n5 Things You Need To Know Before Buying An Older HDB Flat With A Lease Of Less Than 50 Years\n#2 Register Intent To Buy\nUpon confirming our eligibility to purchase HDB resale, we should register online with\nHDB\n for our Intent to Buy. We would need to ready our particulars including those of any\nessential occupiers\n. The process would take about 10 minutes to fill up. Successful registration of intent would show that we are eligible and ready to accept any Option to Purchase from potential sellers.\nThe validity of our Intent To Buy lasts for about a year.\nRead Also:\nHDB Resale Levy: What Second-Time Flat Buyers Need To Understand Before Buying Another Flat\n#3 Scout For Flat With Or Without Property Agent And Take Note Of Remaining Lease\nAt this point, we can start to scout for the ideal home. This can be done by sourcing online through housing portals such as 99.co or PropertyGuru. We can also start engaging a property agent to help us source and manage our HDB resale purchase process. Do note that engaging a property agent will mean paying for agent commissions which could add another 1% or more of our eventual transaction cost.\nWhile sourcing for homes, we can look at\npreviously transacted prices\nof HDB in the same area as a reference. Apart from pricing and location, as resale buyers, we would have to take note of the remaining lease of the flat (see our abovementioned point #1 regarding CPF usage and lease).\nIn addition, we also have to check that the resale flat unit we intend to buy is within the\nEthnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) quota\n for both the block and neighbourhood. Eligibility for EIP and SPR can be checked online\nhere\n.\nRead Also:\nHere’s What You Need To Know About The Latest Changes To CPF Usage And HDB Housing Loans When Buying Residential Properties\n#4 Ensure Housing Loans Eligibility Approval Before Confirming For Option To Purchase\nOnce we found our ideal flat, we need to check that our housing loans are approved by the respective institutions before requesting the Intent to Purchase.\nFor the HDB housing loan, we would have to apply online\nhere\n. The maximum loan term is 30 years. Upon approval, we will get our HDB Loan Eligibility letter which will be valid for a period of 6 months.\nFor banks, we would have to apply with the respective banks. The maximum loan term is 25 years. Upon approval, we will get a Letter of Offer for the housing loan.\nRead Also:\n6 Reasons You Should Still Choose An HDB Home Loan Over A Bank Home Loan (Even Though HDB Interest Rates Are Higher)\n#5 Get Option To Purchase From Seller (And Get A Conveyancer Lawyer If Required)\nAt this juncture, the process of purchasing the resale flat is no longer solely dependent on our pace, but also on our seller(s).\nTo finalise our decision to purchase the resale flat, we can request our seller to provide us with the Option to Purchase. The option fee would cost $1,000 or less and it will expire after 21 calendar days. On top of the option fee, we have to pay the deposit which is not more than $5,000. In the Option to Purchase, the price of the flat would have to be declared by both buyer and seller. If we do change our minds after signing the option, we can choose not to exercise the option and let it lapse after 21 days.\nIf we intend to proceed on with the purchase, we might want to engage a conveyancer lawyer. The conveyancer lawyer would help you vet through the Option to Purchase agreement and handle subsequent resale procedure paperwork. If you applied for a bank loan, your bank may have a panel of recommended lawyers. If we are using HDB loan, we can\ncheck\nto see if we are eligible to use HDB conveyancing lawyers instead.\nYou can expect to pay upwards of $2,000 on fees for a private conveyancing lawyer fees. For HDB conveyancing fees, the rates can be found\nhere\n.\nRead Also:\nComplete Guide To The New Enhanced CPF Housing Grant (EHG) For First-Time BTO & Resale Flat Buyers\n#6 Request Value Of Flat From HDB Resale Portal\nUpon receiving Option to Purchase, we can apply and submit for a Request for Value (ROV). HDB will assign an approved external valuer to conduct the assessment within three working days. The processing fee for ROV is $120. HDB will email us once the valuation is ready. The valuation would be valid for a period of three months and we would have to submit our resale application within the valuation validity.\nIf the HDB flat price is above valuation, the buyer needs to pay for Cash Over Valuation (COV) with cash. This is true even if our In-Principle Approval (IPA) was larger. This is because, for housing loans, the limits are usually the lower of either the valuation or the price of HDB flat. COV has to be paid in cash, we cannot use our CPF Ordinary Savings (OA) for this payment.\nTo minimise the discrepancy between valuation and price, we can refer to \nHDB’s Resale Flat Prices e-service\nfor indicative values.\nRead Also:\nWhat Happens When You Buy A Property Above or Below Valuation?\n#7 Exercise Option To Purchase, Submit Resale Application, Pay Resale Application Fee & Endorse\nOnce we are ready, we can exercise the Option to Purchase (OTP) and prepare the resale application documents for submission to HDB. Submission of documents would require coordination of both parties as both buyers and sellers have to submit their resale application within 7 calendar days from each other.\nDo note that if the seller wishes to apply for the temporary extension of stay, they will have to submit their application here. The temporary extension of stay duration is up to a maximum of 3 months from the resale date. More details on the temporary extension of stay process can be found\nhere\n.\nResale documentations to be included are the OTP contract, personal particulars, loan, and grant details. More details can be found\nhere\n. After submitting the documents, we would have to pay a resale application administrative fee via the HDB Resale Portal. The fees are $40 for 1- and 2-room and $80 for 3-room and larger flats. After submission, HDB will notify both buyer and seller of the document acceptance via SMS or email within 10 working days.\nThe average processing is 8 weeks from the date of document acceptance.  During this time frame, HDB will assess the eligibility of buyers and sellers, process our CPF withdrawals (if any), amount of HDB housing loan, stamp fees, registration fees, conveyancing fees, and more. We can check the progress on the HDB resale portal and endorse the documents if necessary. If we are taking an HDB loan, a total of $128.90 is payable on the Resale portal. If there is no HDB loan, we would still need to pay $64.45.\nRead Also:\nSecond-Timer HDB Buyers: What Are The Grants and Subsidies Available For Your Second HDB Flat?\n#8 Attend Resale Completion Meeting And Receive Our Keys\nFinally, when we can confirm that our resale application submission is successful, HDB would notify us of the date and time to carry out the Resale Completion Appointment.\nBefore completing the resale, we have to pay off the balance of the purchase price (if any) and inspect the resale flat.\nOn the day of the appointment, both sellers and buyers or their representative lawyer(s) will need to physically attend to complete the resale transaction.\nDuring the appointment, the original Option to Purchase and the receipt for final cash payment (if any) must be submitted. If we used an HDB housing loan, we have to bring a valid Certificate of Insurance for a Mortgage Fire Insurance Policy on the resale flat issued by HDB’s appointed Insurer.\nWith all the necessary documents in place, we would sign the contracts to confirm the transfer of ownership, mortgage, and other relevant forms. If the seller did not ask for a temporary extension of stay, we would then receive the keys and become the official owners of the HDB resale flat.\nRead Also:\n2-Room BTO Flat Versus 3-Room Resale Flat, Which Should Singles Choose?\nAdvertiser Message\nInvest in institutional-grade global real estate from $5,000\nJoin RealVantage, a MAS-licensed investment platform, for access to curated real estate opportunities across 7+ global markets. Diversify into residential and commercial properties starting from $5,000.\nSign up today\nto receive SGD50 cash, SGD10 Grab voucher and SGD100 investment credit. T&Cs apply.","attrs_markdown":"![](https:\/\/www.facebook.com\/tr?id=268614870269011&ev=PageView&noscript=1)\n\n[![DollarsAndSense.sg](https:\/\/dollarsandsense.sg\/wp-content\/uploads\/2017\/06\/DNS-Logo-Web.png)](https:\/\/dollarsandsense.sg\/)\n\n- [Money](https:\/\/dollarsandsense.sg\/category\/savings-spending\/)\n  - [Budgeting 101](https:\/\/dollarsandsense.sg\/category\/savings-spending\/budgeting-101\/)\n  - [Saving Accounts](https:\/\/dollarsandsense.sg\/category\/savings-spending\/saving-accounts\/)\n  - [Credit Cards](https:\/\/dollarsandsense.sg\/category\/savings-spending\/credit-cards\/)\n  - [Loans](https:\/\/dollarsandsense.sg\/category\/savings-spending\/loans-savings-spending\/)\n  - [Travel Planning](https:\/\/dollarsandsense.sg\/category\/lifestyle\/travel-planning\/)\n  - [Family Planning](https:\/\/dollarsandsense.sg\/category\/lifestyle\/family-planning\/)\n  - [Lifestyle](https:\/\/dollarsandsense.sg\/category\/lifestyle\/)\n    - [Lifelong Learning](https:\/\/dollarsandsense.sg\/category\/lifestyle\/lifelong-learning\/)\n    - 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[Insurance 101](https:\/\/dollarsandsense.sg\/category\/insurance\/insurance-101\/)\n  - [Life Insurance](https:\/\/dollarsandsense.sg\/category\/insurance\/life-insurance\/)\n  - [Health Insurance](https:\/\/dollarsandsense.sg\/category\/insurance\/health-insurance\/)\n  - [General Insurance](https:\/\/dollarsandsense.sg\/category\/insurance\/general-insurance\/)\n  - [Estate Planning](https:\/\/dollarsandsense.sg\/category\/insurance\/estate-planning\/)\n  - [Investment Linked Policies](https:\/\/dollarsandsense.sg\/category\/insurance\/investment-linked-policies\/)\n- [Investing](https:\/\/dollarsandsense.sg\/category\/investing\/)\n  - [Investing 101](https:\/\/dollarsandsense.sg\/category\/investing\/investing-101\/)\n  - [Stock Investing](https:\/\/dollarsandsense.sg\/category\/investing\/stock-investing\/)\n  - [Bonds and Fixed Income](https:\/\/dollarsandsense.sg\/category\/investing\/bonds-and-fixed-income\/)\n  - [Mutual Funds and ETFs](https:\/\/dollarsandsense.sg\/category\/investing\/mutual-funds-and-etfs\/)\n  - [REITS](https:\/\/dollarsandsense.sg\/category\/investing\/reits\/)\n  - [Retirement Planning](https:\/\/dollarsandsense.sg\/category\/investing\/retirement-planning\/)\n  - [Alternative Investments](https:\/\/dollarsandsense.sg\/category\/investing\/alternative-investments\/)\n- [Markets](https:\/\/dollarsandsense.sg\/category\/markets\/)\n  - [4 Stocks This Week](https:\/\/dollarsandsense.sg\/category\/markets\/4-stocks-this-week\/)\n  - [Companies](https:\/\/dollarsandsense.sg\/category\/markets\/companies\/)\n  - [ESG](https:\/\/dollarsandsense.sg\/category\/markets\/esg\/)\n- [Trading](https:\/\/dollarsandsense.sg\/category\/trading\/)\n  - [Forex](https:\/\/dollarsandsense.sg\/category\/trading\/forex\/)\n  - [CFD](https:\/\/dollarsandsense.sg\/category\/trading\/cfd\/)\n  - [Options](https:\/\/dollarsandsense.sg\/category\/trading\/options\/)\n  - [Commodities](https:\/\/dollarsandsense.sg\/category\/trading\/commodities\/)\n  - [Cryptocurrency](https:\/\/dollarsandsense.sg\/category\/trading\/cryptocurrency\/)\n  - [DollarsAndSense Explains](https:\/\/dollarsandsense.sg\/category\/dollarsandsense-explains\/)\n- [Property](https:\/\/dollarsandsense.sg\/category\/property\/)\n  - [Property 101](https:\/\/dollarsandsense.sg\/category\/property\/property-101\/)\n  - [HDB](https:\/\/dollarsandsense.sg\/category\/property\/hdb\/)\n  - [Residential Properties](https:\/\/dollarsandsense.sg\/category\/property\/residential-properties\/)\n  - [Commercial Properties](https:\/\/dollarsandsense.sg\/category\/property\/commercial-properties\/)\n  - [Industrial Properties](https:\/\/dollarsandsense.sg\/category\/property\/industrial-properties\/)\n- [Policies & Columns](https:\/\/dollarsandsense.sg\/category\/policies\/)\n  - [Videos](https:\/\/dollarsandsense.sg\/videos\/)\n  - [Policies](https:\/\/dollarsandsense.sg\/category\/policies\/)\n    - [CPF](https:\/\/dollarsandsense.sg\/category\/policies\/cpf\/)\n    - [1M65](https:\/\/dollarsandsense.sg\/tag\/1m65\/)\n    - [Taxes](https:\/\/dollarsandsense.sg\/category\/policies\/taxes\/)\n    - [Singapore Budget](https:\/\/dollarsandsense.sg\/category\/policies\/singapore-budget\/)\n  - [News](https:\/\/dollarsandsense.sg\/category\/news\/)\n    - [Insights](https:\/\/dollarsandsense.sg\/category\/news\/insights\/)\n    - [Daily Updates](https:\/\/dollarsandsense.sg\/category\/news\/dailyupdates\/)\n  - [Entrepreneurship](https:\/\/dollarsandsense.sg\/category\/columns\/entrepreneurship\/)\n  - [Economics](https:\/\/dollarsandsense.sg\/category\/columns\/economics\/)\n  - [Opinions](https:\/\/dollarsandsense.sg\/category\/columns\/2-cent-rant\/)\n  - [Career](https:\/\/dollarsandsense.sg\/category\/columns\/career-advice\/)\n  - [Successful Singaporeans](https:\/\/dollarsandsense.sg\/category\/columns\/successful-singaporeans\/)\n- [Business](https:\/\/dollarsandsense.sg\/business\/)\n- [Hong Kong](https:\/\/dollarsandsense.sg\/category\/hong-kong\/)\n- [Malaysia](http:\/\/dollarsandsense.my\/)\n\n### [Property](https:\/\/dollarsandsense.sg\/category\/property\/)\n# Step-by-Step Guide On Buying A Resale HDB Flat in Singapore\nInstead of waiting for 4 to 6 years for your BTO flat, we can look to resale HDB flats for purchase.\n\n- ![](https:\/\/secure.gravatar.com\/avatar\/cd6e7b28bfa98ec7741cf105fc2c707d?s=46&d=blank&r=g)\n- by\n  [Jorinda Hsu](https:\/\/dollarsandsense.sg\/author\/jorindahsu\/ \"Posts by Jorinda Hsu\")\n- May 6, 2021\n\n![](https:\/\/dollarsandsense.sg\/wp-content\/uploads\/2021\/05\/wide-shot-of-symmetrical-hdb-with-stairs-in-pasir-ris@0.33x.jpg)\n\nAside from Build-To-Order (BTO) flats, resale flats are another option for public housing in Singapore. According Q1 2021 [HDB resale statistics](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/resale\/getting-started\/resale-statistics), there has been an increase in HDB resale purchases – a total of 7,581 resale applications were made which is almost 29% higher than Q1 2020.\n\nWhile buying a BTO is a relatively straightforward process (check out our [step-by-step guide to buying a BTO flat](https:\/\/dollarsandsense.sg\/2019-bto-application-edition-step-step-guide-buying-hdb-bto-flat\/)), a resale flat transaction can be more complicated. The process can take about 2 to 3 months, or more depending on the buyer(s), seller(s), and any potential delays on submissions and coordination of the process.\n\nHere is a guide on the process of buying a resale flat.\n\n***Read Also:*** [***Planning To Buy A Resale Flat? Here Are 6 Things To Take Note Of When Choosing The Ideal Home For You***](https:\/\/dollarsandsense.sg\/planning-buy-resale-flat-6-steps-choose-ideal-resale-flat-home\/)\n\n### \\#1 Eligibility To Purchase\nFirst, we need to check that we are eligible for the HDB resale purchase. This includes fulfilling both [HDB criteria](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/resale\/eligibility) and the financial capability to take on the purchase or mortgage.\n\nFor HDB requirements, we can check our eligibility [here](https:\/\/services2.hdb.gov.sg\/webapp\/BP13EligCheck\/BP13SHome?strSystem=CHECK). Similar to the eligibility for BTO flats, we would need to form an eligible family unit to purchase a HDB flat or be 35 years old and above to purchase as a single. Apart from fulfilling age and citizenship requirements, there are other requirements to take note of. For example, buyers are not supposed to have other properties and would have to dispose of them within 6 months of purchase.\n\nFor finances, it would depend on the kind of financing we are using. Apart from our cash and Central Provident Fund (CPF) Ordinary Account savings, we may also be eligible for HDB housing grants and apply for housing loans to afford the purchase.\n\nThe use of our CPF funds is limited by the remaining lease of the flat we purchase. If the resale flat we intend to purchase has a lease of 20 years or less, or it doesn’t cover the youngest buyer until 95 years old, the amount of CPF savings you can use will be prorated. Similarly, the lease also affects the loan amount for HDB housing loans. For flats with less than 20 years, HDB will not provide a housing loan for the purchase.\n\nFor HDB loan financing, we can check on our loan potential limits [here](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/residential\/financing-a-flat-purchase\/housing-loan-from-hdb). For financial institutions, we can check with the individual banks or consult a mortgage broker such as [Redbrick](https:\/\/dollarsandsense.sg\/home-loan-guide\/#help-is-here). To better budget our finances, HDB has a calculator for us to make better estimations [here](https:\/\/homes.hdb.gov.sg\/home\/calculator\/payment-plan).\n\n***Read Also:*** [***5 Things You Need To Know Before Buying An Older HDB Flat With A Lease Of Less Than 50 Years***](https:\/\/dollarsandsense.sg\/5-things-need-know-buying-older-hdb-lease-less-50-years\/)\n\n### \\#2 Register Intent To Buy\nUpon confirming our eligibility to purchase HDB resale, we should register online with [HDB](https:\/\/services2.hdb.gov.sg\/webapp\/BB31AWDashboardWeb\/BB31PLogin.jsp) for our Intent to Buy. We would need to ready our particulars including those of any [essential occupiers](https:\/\/dollarsandsense.sg\/who-is-an-essential-occupier\/). The process would take about 10 minutes to fill up. Successful registration of intent would show that we are eligible and ready to accept any Option to Purchase from potential sellers.\n\nThe validity of our Intent To Buy lasts for about a year.\n\n***Read Also:*** [***HDB Resale Levy: What Second-Time Flat Buyers Need To Understand Before Buying Another Flat***](https:\/\/dollarsandsense.sg\/hdb-resale-levy-second-time-hdb-buyers-need-understand-buying-another-flat\/)\n\n### \\#3 Scout For Flat With Or Without Property Agent And Take Note Of Remaining Lease\nAt this point, we can start to scout for the ideal home. This can be done by sourcing online through housing portals such as 99.co or PropertyGuru. We can also start engaging a property agent to help us source and manage our HDB resale purchase process. Do note that engaging a property agent will mean paying for agent commissions which could add another 1% or more of our eventual transaction cost.\n\nWhile sourcing for homes, we can look at [previously transacted prices](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/resale\/getting-started\/resale-statistics) of HDB in the same area as a reference. Apart from pricing and location, as resale buyers, we would have to take note of the remaining lease of the flat (see our abovementioned point \\#1 regarding CPF usage and lease).\n\nIn addition, we also have to check that the resale flat unit we intend to buy is within the [Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) quota](https:\/\/dollarsandsense.sg\/guide-understanding-hdb-ethnic-integration-policy-eip-singapore-permanent-resident-spr-quota\/) for both the block and neighbourhood. Eligibility for EIP and SPR can be checked online [here](https:\/\/services2.hdb.gov.sg\/webapp\/BB29ETHN\/BB29STREET).\n\n***Read Also:*** [***Here’s What You Need To Know About The Latest Changes To CPF Usage And HDB Housing Loans When Buying Residential Properties***](https:\/\/dollarsandsense.sg\/heres-need-know-latest-changes-cpf-usage-hdb-housing-loans-buying-residential-properties\/#:~:text=least%2030%20years.-,HDB%20Loan%3A%20You%20can%20loan%20up%20to%2090%25%20of%20the,purchase%20price%2C%20whichever%20is%20lower.)\n\n### \\#4 Ensure Housing Loans Eligibility Approval Before Confirming For Option To Purchase\nOnce we found our ideal flat, we need to check that our housing loans are approved by the respective institutions before requesting the Intent to Purchase.\n\nFor the HDB housing loan, we would have to apply online [here](https:\/\/services2.hdb.gov.sg\/webapp\/BP27AWHLEApplication\/BP27SHome). The maximum loan term is 30 years. Upon approval, we will get our HDB Loan Eligibility letter which will be valid for a period of 6 months.\n\nFor banks, we would have to apply with the respective banks. The maximum loan term is 25 years. Upon approval, we will get a Letter of Offer for the housing loan.\n\n***Read Also:*** [***6 Reasons You Should Still Choose An HDB Home Loan Over A Bank Home Loan (Even Though HDB Interest Rates Are Higher)***](https:\/\/dollarsandsense.sg\/6-reasons-still-choose-hdb-home-loan-bank-home-loan-even-though-hdb-interest-rates-higher\/)\n\n### \\#5 Get Option To Purchase From Seller (And Get A Conveyancer Lawyer If Required)\nAt this juncture, the process of purchasing the resale flat is no longer solely dependent on our pace, but also on our seller(s).\n\nTo finalise our decision to purchase the resale flat, we can request our seller to provide us with the Option to Purchase. The option fee would cost \\$1,000 or less and it will expire after 21 calendar days. On top of the option fee, we have to pay the deposit which is not more than \\$5,000. In the Option to Purchase, the price of the flat would have to be declared by both buyer and seller. If we do change our minds after signing the option, we can choose not to exercise the option and let it lapse after 21 days.\n\nIf we intend to proceed on with the purchase, we might want to engage a conveyancer lawyer. The conveyancer lawyer would help you vet through the Option to Purchase agreement and handle subsequent resale procedure paperwork. If you applied for a bank loan, your bank may have a panel of recommended lawyers. If we are using HDB loan, we can [check](https:\/\/services2.hdb.gov.sg\/webapp\/BB14LFEESENQ\/BB14PHomePage.jsp) to see if we are eligible to use HDB conveyancing lawyers instead.\n\nYou can expect to pay upwards of \\$2,000 on fees for a private conveyancing lawyer fees. For HDB conveyancing fees, the rates can be found [here](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/legal-fees-enquiry-facility\/conveyancing-fees-rules).\n\n***Read Also:*** [***Complete Guide To The New Enhanced CPF Housing Grant (EHG) For First-Time BTO & Resale Flat Buyers***](https:\/\/dollarsandsense.sg\/complete-guide-to-the-new-enhanced-cpf-housing-grant-ehg-for-first-time-bto-resale-flat-buyers\/)\n\n### \\#6 Request Value Of Flat From HDB Resale Portal\nUpon receiving Option to Purchase, we can apply and submit for a Request for Value (ROV). HDB will assign an approved external valuer to conduct the assessment within three working days. The processing fee for ROV is \\$120. HDB will email us once the valuation is ready. The valuation would be valid for a period of three months and we would have to submit our resale application within the valuation validity.\n\nIf the HDB flat price is above valuation, the buyer needs to pay for Cash Over Valuation (COV) with cash. This is true even if our In-Principle Approval (IPA) was larger. This is because, for housing loans, the limits are usually the lower of either the valuation or the price of HDB flat. COV has to be paid in cash, we cannot use our CPF Ordinary Savings (OA) for this payment.\n\nTo minimise the discrepancy between valuation and price, we can refer to [HDB’s Resale Flat Prices e-service](https:\/\/services2.hdb.gov.sg\/webapp\/BB33RTIS\/) for indicative values.\n\n**Read Also:** [**What Happens When You Buy A Property Above or Below Valuation?**](https:\/\/dollarsandsense.sg\/happens-buy-property-valuation\/)\n\n### \\#7 Exercise Option To Purchase, Submit Resale Application, Pay Resale Application Fee & Endorse\nOnce we are ready, we can exercise the Option to Purchase (OTP) and prepare the resale application documents for submission to HDB. Submission of documents would require coordination of both parties as both buyers and sellers have to submit their resale application within 7 calendar days from each other.\n\nDo note that if the seller wishes to apply for the temporary extension of stay, they will have to submit their application here. The temporary extension of stay duration is up to a maximum of 3 months from the resale date. More details on the temporary extension of stay process can be found [here](https:\/\/www.hdb.gov.sg\/residential\/selling-a-flat\/procedures\/temporary-extension-of-stay).\n\nResale documentations to be included are the OTP contract, personal particulars, loan, and grant details. More details can be found [here](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/residential\/buying-a-flat\/resale\/procedures\/resale-application). After submitting the documents, we would have to pay a resale application administrative fee via the HDB Resale Portal. The fees are \\$40 for 1- and 2-room and \\$80 for 3-room and larger flats. After submission, HDB will notify both buyer and seller of the document acceptance via SMS or email within 10 working days.\n\nThe average processing is 8 weeks from the date of document acceptance. During this time frame, HDB will assess the eligibility of buyers and sellers, process our CPF withdrawals (if any), amount of HDB housing loan, stamp fees, registration fees, conveyancing fees, and more. We can check the progress on the HDB resale portal and endorse the documents if necessary. If we are taking an HDB loan, a total of \\$128.90 is payable on the Resale portal. If there is no HDB loan, we would still need to pay \\$64.45.\n\n***Read Also:*** [***Second-Timer HDB Buyers: What Are The Grants and Subsidies Available For Your Second HDB Flat?***](https:\/\/dollarsandsense.sg\/second-timer-hdb-buyers-subsidies\/)\n\n### \\#8 Attend Resale Completion Meeting And Receive Our Keys\nFinally, when we can confirm that our resale application submission is successful, HDB would notify us of the date and time to carry out the Resale Completion Appointment.\n\nBefore completing the resale, we have to pay off the balance of the purchase price (if any) and inspect the resale flat.\n\nOn the day of the appointment, both sellers and buyers or their representative lawyer(s) will need to physically attend to complete the resale transaction.\n\nDuring the appointment, the original Option to Purchase and the receipt for final cash payment (if any) must be submitted. If we used an HDB housing loan, we have to bring a valid Certificate of Insurance for a Mortgage Fire Insurance Policy on the resale flat issued by HDB’s appointed Insurer.\n\nWith all the necessary documents in place, we would sign the contracts to confirm the transfer of ownership, mortgage, and other relevant forms. If the seller did not ask for a temporary extension of stay, we would then receive the keys and become the official owners of the HDB resale flat.\n\n***Read Also:*** [***2-Room BTO Flat Versus 3-Room Resale Flat, Which Should Singles Choose?***](https:\/\/dollarsandsense.sg\/2-room-bto-flat-versus-3-room-resale-flat-singles-choose\/)\n\n**Advertiser Message**\n\n**Invest in institutional-grade global real estate from \\$5,000**\n\nJoin RealVantage, a MAS-licensed investment platform, for access to curated real estate opportunities across 7+ global markets. 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According Q1 2021 [HDB resale statistics](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/resale\/getting-started\/resale-statistics), there has been an increase in HDB resale purchases – a total of 7,581 resale applications were made which is almost 29% higher than Q1 2020.\n\nWhile buying a BTO is a relatively straightforward process (check out our [step-by-step guide to buying a BTO flat](https:\/\/dollarsandsense.sg\/2019-bto-application-edition-step-step-guide-buying-hdb-bto-flat\/)), a resale flat transaction can be more complicated. The process can take about 2 to 3 months, or more depending on the buyer(s), seller(s), and any potential delays on submissions and coordination of the process.\n\nHere is a guide on the process of buying a resale flat.\n\n***Read Also:*** [***Planning To Buy A Resale Flat? Here Are 6 Things To Take Note Of When Choosing The Ideal Home For You***](https:\/\/dollarsandsense.sg\/planning-buy-resale-flat-6-steps-choose-ideal-resale-flat-home\/)\n\n### \\#1 Eligibility To Purchase\nFirst, we need to check that we are eligible for the HDB resale purchase. This includes fulfilling both [HDB criteria](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/resale\/eligibility) and the financial capability to take on the purchase or mortgage.\n\nFor HDB requirements, we can check our eligibility [here](https:\/\/services2.hdb.gov.sg\/webapp\/BP13EligCheck\/BP13SHome?strSystem=CHECK). Similar to the eligibility for BTO flats, we would need to form an eligible family unit to purchase a HDB flat or be 35 years old and above to purchase as a single. Apart from fulfilling age and citizenship requirements, there are other requirements to take note of. For example, buyers are not supposed to have other properties and would have to dispose of them within 6 months of purchase.\n\nFor finances, it would depend on the kind of financing we are using. Apart from our cash and Central Provident Fund (CPF) Ordinary Account savings, we may also be eligible for HDB housing grants and apply for housing loans to afford the purchase.\n\nThe use of our CPF funds is limited by the remaining lease of the flat we purchase. If the resale flat we intend to purchase has a lease of 20 years or less, or it doesn’t cover the youngest buyer until 95 years old, the amount of CPF savings you can use will be prorated. Similarly, the lease also affects the loan amount for HDB housing loans. For flats with less than 20 years, HDB will not provide a housing loan for the purchase.\n\nFor HDB loan financing, we can check on our loan potential limits [here](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/residential\/financing-a-flat-purchase\/housing-loan-from-hdb). For financial institutions, we can check with the individual banks or consult a mortgage broker such as [Redbrick](https:\/\/dollarsandsense.sg\/home-loan-guide\/#help-is-here). To better budget our finances, HDB has a calculator for us to make better estimations [here](https:\/\/homes.hdb.gov.sg\/home\/calculator\/payment-plan).\n\n***Read Also:*** [***5 Things You Need To Know Before Buying An Older HDB Flat With A Lease Of Less Than 50 Years***](https:\/\/dollarsandsense.sg\/5-things-need-know-buying-older-hdb-lease-less-50-years\/)\n\n### \\#2 Register Intent To Buy\nUpon confirming our eligibility to purchase HDB resale, we should register online with [HDB](https:\/\/services2.hdb.gov.sg\/webapp\/BB31AWDashboardWeb\/BB31PLogin.jsp) for our Intent to Buy. We would need to ready our particulars including those of any [essential occupiers](https:\/\/dollarsandsense.sg\/who-is-an-essential-occupier\/). The process would take about 10 minutes to fill up. Successful registration of intent would show that we are eligible and ready to accept any Option to Purchase from potential sellers.\n\nThe validity of our Intent To Buy lasts for about a year.\n\n***Read Also:*** [***HDB Resale Levy: What Second-Time Flat Buyers Need To Understand Before Buying Another Flat***](https:\/\/dollarsandsense.sg\/hdb-resale-levy-second-time-hdb-buyers-need-understand-buying-another-flat\/)\n\n### \\#3 Scout For Flat With Or Without Property Agent And Take Note Of Remaining Lease\nAt this point, we can start to scout for the ideal home. This can be done by sourcing online through housing portals such as 99.co or PropertyGuru. We can also start engaging a property agent to help us source and manage our HDB resale purchase process. Do note that engaging a property agent will mean paying for agent commissions which could add another 1% or more of our eventual transaction cost.\n\nWhile sourcing for homes, we can look at [previously transacted prices](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/resale\/getting-started\/resale-statistics) of HDB in the same area as a reference. Apart from pricing and location, as resale buyers, we would have to take note of the remaining lease of the flat (see our abovementioned point \\#1 regarding CPF usage and lease).\n\nIn addition, we also have to check that the resale flat unit we intend to buy is within the [Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) quota](https:\/\/dollarsandsense.sg\/guide-understanding-hdb-ethnic-integration-policy-eip-singapore-permanent-resident-spr-quota\/) for both the block and neighbourhood. Eligibility for EIP and SPR can be checked online [here](https:\/\/services2.hdb.gov.sg\/webapp\/BB29ETHN\/BB29STREET).\n\n***Read Also:*** [***Here’s What You Need To Know About The Latest Changes To CPF Usage And HDB Housing Loans When Buying Residential Properties***](https:\/\/dollarsandsense.sg\/heres-need-know-latest-changes-cpf-usage-hdb-housing-loans-buying-residential-properties\/#:~:text=least%2030%20years.-,HDB%20Loan%3A%20You%20can%20loan%20up%20to%2090%25%20of%20the,purchase%20price%2C%20whichever%20is%20lower.)\n\n### \\#4 Ensure Housing Loans Eligibility Approval Before Confirming For Option To Purchase\nOnce we found our ideal flat, we need to check that our housing loans are approved by the respective institutions before requesting the Intent to Purchase.\n\nFor the HDB housing loan, we would have to apply online [here](https:\/\/services2.hdb.gov.sg\/webapp\/BP27AWHLEApplication\/BP27SHome). The maximum loan term is 30 years. Upon approval, we will get our HDB Loan Eligibility letter which will be valid for a period of 6 months.\n\nFor banks, we would have to apply with the respective banks. The maximum loan term is 25 years. Upon approval, we will get a Letter of Offer for the housing loan.\n\n***Read Also:*** [***6 Reasons You Should Still Choose An HDB Home Loan Over A Bank Home Loan (Even Though HDB Interest Rates Are Higher)***](https:\/\/dollarsandsense.sg\/6-reasons-still-choose-hdb-home-loan-bank-home-loan-even-though-hdb-interest-rates-higher\/)\n\n### \\#5 Get Option To Purchase From Seller (And Get A Conveyancer Lawyer If Required)\nAt this juncture, the process of purchasing the resale flat is no longer solely dependent on our pace, but also on our seller(s).\n\nTo finalise our decision to purchase the resale flat, we can request our seller to provide us with the Option to Purchase. The option fee would cost \\$1,000 or less and it will expire after 21 calendar days. On top of the option fee, we have to pay the deposit which is not more than \\$5,000. In the Option to Purchase, the price of the flat would have to be declared by both buyer and seller. If we do change our minds after signing the option, we can choose not to exercise the option and let it lapse after 21 days.\n\nIf we intend to proceed on with the purchase, we might want to engage a conveyancer lawyer. The conveyancer lawyer would help you vet through the Option to Purchase agreement and handle subsequent resale procedure paperwork. If you applied for a bank loan, your bank may have a panel of recommended lawyers. If we are using HDB loan, we can [check](https:\/\/services2.hdb.gov.sg\/webapp\/BB14LFEESENQ\/BB14PHomePage.jsp) to see if we are eligible to use HDB conveyancing lawyers instead.\n\nYou can expect to pay upwards of \\$2,000 on fees for a private conveyancing lawyer fees. For HDB conveyancing fees, the rates can be found [here](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/legal-fees-enquiry-facility\/conveyancing-fees-rules).\n\n***Read Also:*** [***Complete Guide To The New Enhanced CPF Housing Grant (EHG) For First-Time BTO & Resale Flat Buyers***](https:\/\/dollarsandsense.sg\/complete-guide-to-the-new-enhanced-cpf-housing-grant-ehg-for-first-time-bto-resale-flat-buyers\/)\n\n### \\#6 Request Value Of Flat From HDB Resale Portal\nUpon receiving Option to Purchase, we can apply and submit for a Request for Value (ROV). HDB will assign an approved external valuer to conduct the assessment within three working days. The processing fee for ROV is \\$120. HDB will email us once the valuation is ready. The valuation would be valid for a period of three months and we would have to submit our resale application within the valuation validity.\n\nIf the HDB flat price is above valuation, the buyer needs to pay for Cash Over Valuation (COV) with cash. This is true even if our In-Principle Approval (IPA) was larger. This is because, for housing loans, the limits are usually the lower of either the valuation or the price of HDB flat. COV has to be paid in cash, we cannot use our CPF Ordinary Savings (OA) for this payment.\n\nTo minimise the discrepancy between valuation and price, we can refer to [HDB’s Resale Flat Prices e-service](https:\/\/services2.hdb.gov.sg\/webapp\/BB33RTIS\/) for indicative values.\n\n**Read Also:** [**What Happens When You Buy A Property Above or Below Valuation?**](https:\/\/dollarsandsense.sg\/happens-buy-property-valuation\/)\n\n### \\#7 Exercise Option To Purchase, Submit Resale Application, Pay Resale Application Fee & Endorse\nOnce we are ready, we can exercise the Option to Purchase (OTP) and prepare the resale application documents for submission to HDB. Submission of documents would require coordination of both parties as both buyers and sellers have to submit their resale application within 7 calendar days from each other.\n\nDo note that if the seller wishes to apply for the temporary extension of stay, they will have to submit their application here. The temporary extension of stay duration is up to a maximum of 3 months from the resale date. More details on the temporary extension of stay process can be found [here](https:\/\/www.hdb.gov.sg\/residential\/selling-a-flat\/procedures\/temporary-extension-of-stay).\n\nResale documentations to be included are the OTP contract, personal particulars, loan, and grant details. More details can be found [here](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/residential\/buying-a-flat\/resale\/procedures\/resale-application). After submitting the documents, we would have to pay a resale application administrative fee via the HDB Resale Portal. The fees are \\$40 for 1- and 2-room and \\$80 for 3-room and larger flats. After submission, HDB will notify both buyer and seller of the document acceptance via SMS or email within 10 working days.\n\nThe average processing is 8 weeks from the date of document acceptance. During this time frame, HDB will assess the eligibility of buyers and sellers, process our CPF withdrawals (if any), amount of HDB housing loan, stamp fees, registration fees, conveyancing fees, and more. We can check the progress on the HDB resale portal and endorse the documents if necessary. If we are taking an HDB loan, a total of \\$128.90 is payable on the Resale portal. If there is no HDB loan, we would still need to pay \\$64.45.\n\n***Read Also:*** [***Second-Timer HDB Buyers: What Are The Grants and Subsidies Available For Your Second HDB Flat?***](https:\/\/dollarsandsense.sg\/second-timer-hdb-buyers-subsidies\/)\n\n### \\#8 Attend Resale Completion Meeting And Receive Our Keys\nFinally, when we can confirm that our resale application submission is successful, HDB would notify us of the date and time to carry out the Resale Completion Appointment.\n\nBefore completing the resale, we have to pay off the balance of the purchase price (if any) and inspect the resale flat.\n\nOn the day of the appointment, both sellers and buyers or their representative lawyer(s) will need to physically attend to complete the resale transaction.\n\nDuring the appointment, the original Option to Purchase and the receipt for final cash payment (if any) must be submitted. If we used an HDB housing loan, we have to bring a valid Certificate of Insurance for a Mortgage Fire Insurance Policy on the resale flat issued by HDB’s appointed Insurer.\n\nWith all the necessary documents in place, we would sign the contracts to confirm the transfer of ownership, mortgage, and other relevant forms. If the seller did not ask for a temporary extension of stay, we would then receive the keys and become the official owners of the HDB resale flat.\n\n***Read Also:*** [***2-Room BTO Flat Versus 3-Room Resale Flat, Which Should Singles Choose?***](https:\/\/dollarsandsense.sg\/2-room-bto-flat-versus-3-room-resale-flat-singles-choose\/)\n\n**Advertiser Message**\n\n**Invest in institutional-grade global real estate from \\$5,000**\n\nJoin RealVantage, a MAS-licensed investment platform, for access to curated real estate opportunities across 7+ global markets. Diversify into residential and commercial properties starting from \\$5,000.\n\n[Sign up today](https:\/\/dollarsandsensesg.link\/Property_footer \"https:\/\/www.realvantage.co\/?lp=dns2026&utm_source=dns_property_banner&utm_medium=banner_property&utm_campaign=dns2026\") to receive SGD50 cash, SGD10 Grab voucher and SGD100 investment credit. T\\&Cs apply.\n\n![](https:\/\/dollarsandsense.sg\/wp-content\/uploads\/2017\/06\/DNS-Logo-Web.png)","meta_canonical":null}

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URL	https://dollarsandsense.sg/step-step-guide-buying-resale-hdb-flat-singapore/
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Meta Title	Step-by-Step Guide On Buying A Resale HDB Flat in Singapore
Meta Description	From dreaming up a new home to the collection of keys on the appointment date, here is a guide on the entire process of buying a resale HDB flat.
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Boilerpipe Text	Aside from Build-To-Order (BTO) flats, resale flats are another option for public housing in Singapore. According Q1 2021 HDB resale statistics , there has been an increase in HDB resale purchases – a total of 7,581 resale applications were made which is almost 29% higher than Q1 2020. While buying a BTO is a relatively straightforward process (check out our step-by-step guide to buying a BTO flat ), a resale flat transaction can be more complicated. The process can take about 2 to 3 months, or more depending on the buyer(s), seller(s), and any potential delays on submissions and coordination of the process. Here is a guide on the process of buying a resale flat. Read Also: Planning To Buy A Resale Flat? Here Are 6 Things To Take Note Of When Choosing The Ideal Home For You #1 Eligibility To Purchase First, we need to check that we are eligible for the HDB resale purchase. This includes fulfilling both HDB criteria and the financial capability to take on the purchase or mortgage. For HDB requirements, we can check our eligibility here . Similar to the eligibility for BTO flats, we would need to form an eligible family unit to purchase a HDB flat or be 35 years old and above to purchase as a single. Apart from fulfilling age and citizenship requirements, there are other requirements to take note of. For example, buyers are not supposed to have other properties and would have to dispose of them within 6 months of purchase. For finances, it would depend on the kind of financing we are using. Apart from our cash and Central Provident Fund (CPF) Ordinary Account savings, we may also be eligible for HDB housing grants and apply for housing loans to afford the purchase. The use of our CPF funds is limited by the remaining lease of the flat we purchase. If the resale flat we intend to purchase has a lease of 20 years or less, or it doesn’t cover the youngest buyer until 95 years old, the amount of CPF savings you can use will be prorated. Similarly, the lease also affects the loan amount for HDB housing loans. For flats with less than 20 years, HDB will not provide a housing loan for the purchase. For HDB loan financing, we can check on our loan potential limits here . For financial institutions, we can check with the individual banks or consult a mortgage broker such as Redbrick . To better budget our finances, HDB has a calculator for us to make better estimations here . Read Also: 5 Things You Need To Know Before Buying An Older HDB Flat With A Lease Of Less Than 50 Years #2 Register Intent To Buy Upon confirming our eligibility to purchase HDB resale, we should register online with HDB for our Intent to Buy. We would need to ready our particulars including those of any essential occupiers . The process would take about 10 minutes to fill up. Successful registration of intent would show that we are eligible and ready to accept any Option to Purchase from potential sellers. The validity of our Intent To Buy lasts for about a year. Read Also: HDB Resale Levy: What Second-Time Flat Buyers Need To Understand Before Buying Another Flat #3 Scout For Flat With Or Without Property Agent And Take Note Of Remaining Lease At this point, we can start to scout for the ideal home. This can be done by sourcing online through housing portals such as 99.co or PropertyGuru. We can also start engaging a property agent to help us source and manage our HDB resale purchase process. Do note that engaging a property agent will mean paying for agent commissions which could add another 1% or more of our eventual transaction cost. While sourcing for homes, we can look at previously transacted prices of HDB in the same area as a reference. Apart from pricing and location, as resale buyers, we would have to take note of the remaining lease of the flat (see our abovementioned point #1 regarding CPF usage and lease). In addition, we also have to check that the resale flat unit we intend to buy is within the Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) quota for both the block and neighbourhood. Eligibility for EIP and SPR can be checked online here . Read Also: Here’s What You Need To Know About The Latest Changes To CPF Usage And HDB Housing Loans When Buying Residential Properties #4 Ensure Housing Loans Eligibility Approval Before Confirming For Option To Purchase Once we found our ideal flat, we need to check that our housing loans are approved by the respective institutions before requesting the Intent to Purchase. For the HDB housing loan, we would have to apply online here . The maximum loan term is 30 years. Upon approval, we will get our HDB Loan Eligibility letter which will be valid for a period of 6 months. For banks, we would have to apply with the respective banks. The maximum loan term is 25 years. Upon approval, we will get a Letter of Offer for the housing loan. Read Also: 6 Reasons You Should Still Choose An HDB Home Loan Over A Bank Home Loan (Even Though HDB Interest Rates Are Higher) #5 Get Option To Purchase From Seller (And Get A Conveyancer Lawyer If Required) At this juncture, the process of purchasing the resale flat is no longer solely dependent on our pace, but also on our seller(s). To finalise our decision to purchase the resale flat, we can request our seller to provide us with the Option to Purchase. The option fee would cost $1,000 or less and it will expire after 21 calendar days. On top of the option fee, we have to pay the deposit which is not more than $5,000. In the Option to Purchase, the price of the flat would have to be declared by both buyer and seller. If we do change our minds after signing the option, we can choose not to exercise the option and let it lapse after 21 days. If we intend to proceed on with the purchase, we might want to engage a conveyancer lawyer. The conveyancer lawyer would help you vet through the Option to Purchase agreement and handle subsequent resale procedure paperwork. If you applied for a bank loan, your bank may have a panel of recommended lawyers. If we are using HDB loan, we can check to see if we are eligible to use HDB conveyancing lawyers instead. You can expect to pay upwards of $2,000 on fees for a private conveyancing lawyer fees. For HDB conveyancing fees, the rates can be found here . Read Also: Complete Guide To The New Enhanced CPF Housing Grant (EHG) For First-Time BTO & Resale Flat Buyers #6 Request Value Of Flat From HDB Resale Portal Upon receiving Option to Purchase, we can apply and submit for a Request for Value (ROV). HDB will assign an approved external valuer to conduct the assessment within three working days. The processing fee for ROV is $120. HDB will email us once the valuation is ready. The valuation would be valid for a period of three months and we would have to submit our resale application within the valuation validity. If the HDB flat price is above valuation, the buyer needs to pay for Cash Over Valuation (COV) with cash. This is true even if our In-Principle Approval (IPA) was larger. This is because, for housing loans, the limits are usually the lower of either the valuation or the price of HDB flat. COV has to be paid in cash, we cannot use our CPF Ordinary Savings (OA) for this payment. To minimise the discrepancy between valuation and price, we can refer to HDB’s Resale Flat Prices e-service for indicative values. Read Also: What Happens When You Buy A Property Above or Below Valuation? #7 Exercise Option To Purchase, Submit Resale Application, Pay Resale Application Fee & Endorse Once we are ready, we can exercise the Option to Purchase (OTP) and prepare the resale application documents for submission to HDB. Submission of documents would require coordination of both parties as both buyers and sellers have to submit their resale application within 7 calendar days from each other. Do note that if the seller wishes to apply for the temporary extension of stay, they will have to submit their application here. The temporary extension of stay duration is up to a maximum of 3 months from the resale date. More details on the temporary extension of stay process can be found here . Resale documentations to be included are the OTP contract, personal particulars, loan, and grant details. More details can be found here . After submitting the documents, we would have to pay a resale application administrative fee via the HDB Resale Portal. The fees are $40 for 1- and 2-room and $80 for 3-room and larger flats. After submission, HDB will notify both buyer and seller of the document acceptance via SMS or email within 10 working days. The average processing is 8 weeks from the date of document acceptance. During this time frame, HDB will assess the eligibility of buyers and sellers, process our CPF withdrawals (if any), amount of HDB housing loan, stamp fees, registration fees, conveyancing fees, and more. We can check the progress on the HDB resale portal and endorse the documents if necessary. If we are taking an HDB loan, a total of $128.90 is payable on the Resale portal. If there is no HDB loan, we would still need to pay $64.45. Read Also: Second-Timer HDB Buyers: What Are The Grants and Subsidies Available For Your Second HDB Flat? #8 Attend Resale Completion Meeting And Receive Our Keys Finally, when we can confirm that our resale application submission is successful, HDB would notify us of the date and time to carry out the Resale Completion Appointment. Before completing the resale, we have to pay off the balance of the purchase price (if any) and inspect the resale flat. On the day of the appointment, both sellers and buyers or their representative lawyer(s) will need to physically attend to complete the resale transaction. During the appointment, the original Option to Purchase and the receipt for final cash payment (if any) must be submitted. If we used an HDB housing loan, we have to bring a valid Certificate of Insurance for a Mortgage Fire Insurance Policy on the resale flat issued by HDB’s appointed Insurer. With all the necessary documents in place, we would sign the contracts to confirm the transfer of ownership, mortgage, and other relevant forms. If the seller did not ask for a temporary extension of stay, we would then receive the keys and become the official owners of the HDB resale flat. Read Also: 2-Room BTO Flat Versus 3-Room Resale Flat, Which Should Singles Choose? Advertiser Message Invest in institutional-grade global real estate from $5,000 Join RealVantage, a MAS-licensed investment platform, for access to curated real estate opportunities across 7+ global markets. Diversify into residential and commercial properties starting from $5,000. Sign up today to receive SGD50 cash, SGD10 Grab voucher and SGD100 investment credit. T&Cs apply.
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[Career](https://dollarsandsense.sg/category/columns/career-advice/) - [Successful Singaporeans](https://dollarsandsense.sg/category/columns/successful-singaporeans/) - [Business](https://dollarsandsense.sg/business/) - [Hong Kong](https://dollarsandsense.sg/category/hong-kong/) - [Malaysia](http://dollarsandsense.my/) ### [Property](https://dollarsandsense.sg/category/property/) # Step-by-Step Guide On Buying A Resale HDB Flat in Singapore Instead of waiting for 4 to 6 years for your BTO flat, we can look to resale HDB flats for purchase. - ![](https://secure.gravatar.com/avatar/cd6e7b28bfa98ec7741cf105fc2c707d?s=46&d=blank&r=g) - by [Jorinda Hsu](https://dollarsandsense.sg/author/jorindahsu/ "Posts by Jorinda Hsu") - May 6, 2021 ![](https://dollarsandsense.sg/wp-content/uploads/2021/05/wide-shot-of-symmetrical-hdb-with-stairs-in-pasir-ris@0.33x.jpg) Aside from Build-To-Order (BTO) flats, resale flats are another option for public housing in Singapore. According Q1 2021 [HDB resale statistics](https://www.hdb.gov.sg/residential/buying-a-flat/resale/getting-started/resale-statistics), there has been an increase in HDB resale purchases – a total of 7,581 resale applications were made which is almost 29% higher than Q1 2020. While buying a BTO is a relatively straightforward process (check out our [step-by-step guide to buying a BTO flat](https://dollarsandsense.sg/2019-bto-application-edition-step-step-guide-buying-hdb-bto-flat/)), a resale flat transaction can be more complicated. The process can take about 2 to 3 months, or more depending on the buyer(s), seller(s), and any potential delays on submissions and coordination of the process. Here is a guide on the process of buying a resale flat. *Read Also:* [*Planning To Buy A Resale Flat? Here Are 6 Things To Take Note Of When Choosing The Ideal Home For You](https://dollarsandsense.sg/planning-buy-resale-flat-6-steps-choose-ideal-resale-flat-home/) ### \#1 Eligibility To Purchase First, we need to check that we are eligible for the HDB resale purchase. This includes fulfilling both [HDB criteria](https://www.hdb.gov.sg/residential/buying-a-flat/resale/eligibility) and the financial capability to take on the purchase or mortgage. For HDB requirements, we can check our eligibility [here](https://services2.hdb.gov.sg/webapp/BP13EligCheck/BP13SHome?strSystem=CHECK). Similar to the eligibility for BTO flats, we would need to form an eligible family unit to purchase a HDB flat or be 35 years old and above to purchase as a single. Apart from fulfilling age and citizenship requirements, there are other requirements to take note of. For example, buyers are not supposed to have other properties and would have to dispose of them within 6 months of purchase. For finances, it would depend on the kind of financing we are using. Apart from our cash and Central Provident Fund (CPF) Ordinary Account savings, we may also be eligible for HDB housing grants and apply for housing loans to afford the purchase. The use of our CPF funds is limited by the remaining lease of the flat we purchase. If the resale flat we intend to purchase has a lease of 20 years or less, or it doesn’t cover the youngest buyer until 95 years old, the amount of CPF savings you can use will be prorated. Similarly, the lease also affects the loan amount for HDB housing loans. For flats with less than 20 years, HDB will not provide a housing loan for the purchase. For HDB loan financing, we can check on our loan potential limits [here](https://www.hdb.gov.sg/cs/infoweb/residential/financing-a-flat-purchase/housing-loan-from-hdb). For financial institutions, we can check with the individual banks or consult a mortgage broker such as [Redbrick](https://dollarsandsense.sg/home-loan-guide/#help-is-here). To better budget our finances, HDB has a calculator for us to make better estimations [here](https://homes.hdb.gov.sg/home/calculator/payment-plan). Read Also:* [*5 Things You Need To Know Before Buying An Older HDB Flat With A Lease Of Less Than 50 Years](https://dollarsandsense.sg/5-things-need-know-buying-older-hdb-lease-less-50-years/) ### \#2 Register Intent To Buy Upon confirming our eligibility to purchase HDB resale, we should register online with [HDB](https://services2.hdb.gov.sg/webapp/BB31AWDashboardWeb/BB31PLogin.jsp) for our Intent to Buy. We would need to ready our particulars including those of any [essential occupiers](https://dollarsandsense.sg/who-is-an-essential-occupier/). The process would take about 10 minutes to fill up. Successful registration of intent would show that we are eligible and ready to accept any Option to Purchase from potential sellers. The validity of our Intent To Buy lasts for about a year. Read Also:* [*HDB Resale Levy: What Second-Time Flat Buyers Need To Understand Before Buying Another Flat](https://dollarsandsense.sg/hdb-resale-levy-second-time-hdb-buyers-need-understand-buying-another-flat/) ### \#3 Scout For Flat With Or Without Property Agent And Take Note Of Remaining Lease At this point, we can start to scout for the ideal home. This can be done by sourcing online through housing portals such as 99.co or PropertyGuru. We can also start engaging a property agent to help us source and manage our HDB resale purchase process. Do note that engaging a property agent will mean paying for agent commissions which could add another 1% or more of our eventual transaction cost. While sourcing for homes, we can look at [previously transacted prices](https://www.hdb.gov.sg/residential/buying-a-flat/resale/getting-started/resale-statistics) of HDB in the same area as a reference. Apart from pricing and location, as resale buyers, we would have to take note of the remaining lease of the flat (see our abovementioned point \#1 regarding CPF usage and lease). In addition, we also have to check that the resale flat unit we intend to buy is within the [Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) quota](https://dollarsandsense.sg/guide-understanding-hdb-ethnic-integration-policy-eip-singapore-permanent-resident-spr-quota/) for both the block and neighbourhood. Eligibility for EIP and SPR can be checked online [here](https://services2.hdb.gov.sg/webapp/BB29ETHN/BB29STREET). Read Also:* [*Here’s What You Need To Know About The Latest Changes To CPF Usage And HDB Housing Loans When Buying Residential Properties](https://dollarsandsense.sg/heres-need-know-latest-changes-cpf-usage-hdb-housing-loans-buying-residential-properties/#:~:text=least%2030%20years.-,HDB%20Loan%3A%20You%20can%20loan%20up%20to%2090%25%20of%20the,purchase%20price%2C%20whichever%20is%20lower.) ### \#4 Ensure Housing Loans Eligibility Approval Before Confirming For Option To Purchase Once we found our ideal flat, we need to check that our housing loans are approved by the respective institutions before requesting the Intent to Purchase. For the HDB housing loan, we would have to apply online [here](https://services2.hdb.gov.sg/webapp/BP27AWHLEApplication/BP27SHome). The maximum loan term is 30 years. Upon approval, we will get our HDB Loan Eligibility letter which will be valid for a period of 6 months. For banks, we would have to apply with the respective banks. The maximum loan term is 25 years. Upon approval, we will get a Letter of Offer for the housing loan. Read Also:* [*6 Reasons You Should Still Choose An HDB Home Loan Over A Bank Home Loan (Even Though HDB Interest Rates Are Higher)](https://dollarsandsense.sg/6-reasons-still-choose-hdb-home-loan-bank-home-loan-even-though-hdb-interest-rates-higher/) ### \#5 Get Option To Purchase From Seller (And Get A Conveyancer Lawyer If Required) At this juncture, the process of purchasing the resale flat is no longer solely dependent on our pace, but also on our seller(s). To finalise our decision to purchase the resale flat, we can request our seller to provide us with the Option to Purchase. The option fee would cost \$1,000 or less and it will expire after 21 calendar days. On top of the option fee, we have to pay the deposit which is not more than \$5,000. In the Option to Purchase, the price of the flat would have to be declared by both buyer and seller. If we do change our minds after signing the option, we can choose not to exercise the option and let it lapse after 21 days. If we intend to proceed on with the purchase, we might want to engage a conveyancer lawyer. The conveyancer lawyer would help you vet through the Option to Purchase agreement and handle subsequent resale procedure paperwork. If you applied for a bank loan, your bank may have a panel of recommended lawyers. If we are using HDB loan, we can [check](https://services2.hdb.gov.sg/webapp/BB14LFEESENQ/BB14PHomePage.jsp) to see if we are eligible to use HDB conveyancing lawyers instead. You can expect to pay upwards of \$2,000 on fees for a private conveyancing lawyer fees. For HDB conveyancing fees, the rates can be found [here](https://www.hdb.gov.sg/cs/infoweb/legal-fees-enquiry-facility/conveyancing-fees-rules). Read Also:* [*Complete Guide To The New Enhanced CPF Housing Grant (EHG) For First-Time BTO & Resale Flat Buyers](https://dollarsandsense.sg/complete-guide-to-the-new-enhanced-cpf-housing-grant-ehg-for-first-time-bto-resale-flat-buyers/) ### \#6 Request Value Of Flat From HDB Resale Portal Upon receiving Option to Purchase, we can apply and submit for a Request for Value (ROV). HDB will assign an approved external valuer to conduct the assessment within three working days. The processing fee for ROV is \$120. HDB will email us once the valuation is ready. The valuation would be valid for a period of three months and we would have to submit our resale application within the valuation validity. If the HDB flat price is above valuation, the buyer needs to pay for Cash Over Valuation (COV) with cash. This is true even if our In-Principle Approval (IPA) was larger. This is because, for housing loans, the limits are usually the lower of either the valuation or the price of HDB flat. COV has to be paid in cash, we cannot use our CPF Ordinary Savings (OA) for this payment. To minimise the discrepancy between valuation and price, we can refer to [HDB’s Resale Flat Prices e-service](https://services2.hdb.gov.sg/webapp/BB33RTIS/) for indicative values. Read Also:* [What Happens When You Buy A Property Above or Below Valuation?](https://dollarsandsense.sg/happens-buy-property-valuation/) ### \#7 Exercise Option To Purchase, Submit Resale Application, Pay Resale Application Fee & Endorse Once we are ready, we can exercise the Option to Purchase (OTP) and prepare the resale application documents for submission to HDB. Submission of documents would require coordination of both parties as both buyers and sellers have to submit their resale application within 7 calendar days from each other. Do note that if the seller wishes to apply for the temporary extension of stay, they will have to submit their application here. The temporary extension of stay duration is up to a maximum of 3 months from the resale date. More details on the temporary extension of stay process can be found [here](https://www.hdb.gov.sg/residential/selling-a-flat/procedures/temporary-extension-of-stay). Resale documentations to be included are the OTP contract, personal particulars, loan, and grant details. More details can be found [here](https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/procedures/resale-application). After submitting the documents, we would have to pay a resale application administrative fee via the HDB Resale Portal. The fees are \$40 for 1- and 2-room and \$80 for 3-room and larger flats. After submission, HDB will notify both buyer and seller of the document acceptance via SMS or email within 10 working days. The average processing is 8 weeks from the date of document acceptance. During this time frame, HDB will assess the eligibility of buyers and sellers, process our CPF withdrawals (if any), amount of HDB housing loan, stamp fees, registration fees, conveyancing fees, and more. We can check the progress on the HDB resale portal and endorse the documents if necessary. If we are taking an HDB loan, a total of \$128.90 is payable on the Resale portal. If there is no HDB loan, we would still need to pay \$64.45. *Read Also:* [*Second-Timer HDB Buyers: What Are The Grants and Subsidies Available For Your Second HDB Flat?](https://dollarsandsense.sg/second-timer-hdb-buyers-subsidies/) ### \#8 Attend Resale Completion Meeting And Receive Our Keys Finally, when we can confirm that our resale application submission is successful, HDB would notify us of the date and time to carry out the Resale Completion Appointment. Before completing the resale, we have to pay off the balance of the purchase price (if any) and inspect the resale flat. On the day of the appointment, both sellers and buyers or their representative lawyer(s) will need to physically attend to complete the resale transaction. During the appointment, the original Option to Purchase and the receipt for final cash payment (if any) must be submitted. If we used an HDB housing loan, we have to bring a valid Certificate of Insurance for a Mortgage Fire Insurance Policy on the resale flat issued by HDB’s appointed Insurer. With all the necessary documents in place, we would sign the contracts to confirm the transfer of ownership, mortgage, and other relevant forms. If the seller did not ask for a temporary extension of stay, we would then receive the keys and become the official owners of the HDB resale flat. Read Also:* [*2-Room BTO Flat Versus 3-Room Resale Flat, Which Should Singles Choose?](https://dollarsandsense.sg/2-room-bto-flat-versus-3-room-resale-flat-singles-choose/) Advertiser Message* Invest in institutional-grade global real estate from \$5,000 Join RealVantage, a MAS-licensed investment platform, for access to curated real estate opportunities across 7+ global markets. Diversify into residential and commercial properties starting from \$5,000. [Sign up today](https://dollarsandsensesg.link/Property_footer "https://www.realvantage.co/?lp=dns2026&utm_source=dns_property_banner&utm_medium=banner_property&utm_campaign=dns2026") to receive SGD50 cash, SGD10 Grab voucher and SGD100 investment credit. 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Readable Markdown	![](https://dollarsandsense.sg/wp-content/uploads/2021/05/wide-shot-of-symmetrical-hdb-with-stairs-in-pasir-ris@0.33x.jpg) Aside from Build-To-Order (BTO) flats, resale flats are another option for public housing in Singapore. According Q1 2021 [HDB resale statistics](https://www.hdb.gov.sg/residential/buying-a-flat/resale/getting-started/resale-statistics), there has been an increase in HDB resale purchases – a total of 7,581 resale applications were made which is almost 29% higher than Q1 2020. While buying a BTO is a relatively straightforward process (check out our [step-by-step guide to buying a BTO flat](https://dollarsandsense.sg/2019-bto-application-edition-step-step-guide-buying-hdb-bto-flat/)), a resale flat transaction can be more complicated. The process can take about 2 to 3 months, or more depending on the buyer(s), seller(s), and any potential delays on submissions and coordination of the process. Here is a guide on the process of buying a resale flat. *Read Also:* [*Planning To Buy A Resale Flat? Here Are 6 Things To Take Note Of When Choosing The Ideal Home For You](https://dollarsandsense.sg/planning-buy-resale-flat-6-steps-choose-ideal-resale-flat-home/) ### \#1 Eligibility To Purchase First, we need to check that we are eligible for the HDB resale purchase. This includes fulfilling both [HDB criteria](https://www.hdb.gov.sg/residential/buying-a-flat/resale/eligibility) and the financial capability to take on the purchase or mortgage. For HDB requirements, we can check our eligibility [here](https://services2.hdb.gov.sg/webapp/BP13EligCheck/BP13SHome?strSystem=CHECK). Similar to the eligibility for BTO flats, we would need to form an eligible family unit to purchase a HDB flat or be 35 years old and above to purchase as a single. Apart from fulfilling age and citizenship requirements, there are other requirements to take note of. For example, buyers are not supposed to have other properties and would have to dispose of them within 6 months of purchase. For finances, it would depend on the kind of financing we are using. Apart from our cash and Central Provident Fund (CPF) Ordinary Account savings, we may also be eligible for HDB housing grants and apply for housing loans to afford the purchase. The use of our CPF funds is limited by the remaining lease of the flat we purchase. If the resale flat we intend to purchase has a lease of 20 years or less, or it doesn’t cover the youngest buyer until 95 years old, the amount of CPF savings you can use will be prorated. Similarly, the lease also affects the loan amount for HDB housing loans. For flats with less than 20 years, HDB will not provide a housing loan for the purchase. For HDB loan financing, we can check on our loan potential limits [here](https://www.hdb.gov.sg/cs/infoweb/residential/financing-a-flat-purchase/housing-loan-from-hdb). For financial institutions, we can check with the individual banks or consult a mortgage broker such as [Redbrick](https://dollarsandsense.sg/home-loan-guide/#help-is-here). To better budget our finances, HDB has a calculator for us to make better estimations [here](https://homes.hdb.gov.sg/home/calculator/payment-plan). Read Also:* [*5 Things You Need To Know Before Buying An Older HDB Flat With A Lease Of Less Than 50 Years](https://dollarsandsense.sg/5-things-need-know-buying-older-hdb-lease-less-50-years/) ### \#2 Register Intent To Buy Upon confirming our eligibility to purchase HDB resale, we should register online with [HDB](https://services2.hdb.gov.sg/webapp/BB31AWDashboardWeb/BB31PLogin.jsp) for our Intent to Buy. We would need to ready our particulars including those of any [essential occupiers](https://dollarsandsense.sg/who-is-an-essential-occupier/). The process would take about 10 minutes to fill up. Successful registration of intent would show that we are eligible and ready to accept any Option to Purchase from potential sellers. The validity of our Intent To Buy lasts for about a year. Read Also:* [*HDB Resale Levy: What Second-Time Flat Buyers Need To Understand Before Buying Another Flat](https://dollarsandsense.sg/hdb-resale-levy-second-time-hdb-buyers-need-understand-buying-another-flat/) ### \#3 Scout For Flat With Or Without Property Agent And Take Note Of Remaining Lease At this point, we can start to scout for the ideal home. This can be done by sourcing online through housing portals such as 99.co or PropertyGuru. We can also start engaging a property agent to help us source and manage our HDB resale purchase process. Do note that engaging a property agent will mean paying for agent commissions which could add another 1% or more of our eventual transaction cost. While sourcing for homes, we can look at [previously transacted prices](https://www.hdb.gov.sg/residential/buying-a-flat/resale/getting-started/resale-statistics) of HDB in the same area as a reference. Apart from pricing and location, as resale buyers, we would have to take note of the remaining lease of the flat (see our abovementioned point \#1 regarding CPF usage and lease). In addition, we also have to check that the resale flat unit we intend to buy is within the [Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) quota](https://dollarsandsense.sg/guide-understanding-hdb-ethnic-integration-policy-eip-singapore-permanent-resident-spr-quota/) for both the block and neighbourhood. Eligibility for EIP and SPR can be checked online [here](https://services2.hdb.gov.sg/webapp/BB29ETHN/BB29STREET). Read Also:* [*Here’s What You Need To Know About The Latest Changes To CPF Usage And HDB Housing Loans When Buying Residential Properties](https://dollarsandsense.sg/heres-need-know-latest-changes-cpf-usage-hdb-housing-loans-buying-residential-properties/#:~:text=least%2030%20years.-,HDB%20Loan%3A%20You%20can%20loan%20up%20to%2090%25%20of%20the,purchase%20price%2C%20whichever%20is%20lower.) ### \#4 Ensure Housing Loans Eligibility Approval Before Confirming For Option To Purchase Once we found our ideal flat, we need to check that our housing loans are approved by the respective institutions before requesting the Intent to Purchase. For the HDB housing loan, we would have to apply online [here](https://services2.hdb.gov.sg/webapp/BP27AWHLEApplication/BP27SHome). The maximum loan term is 30 years. Upon approval, we will get our HDB Loan Eligibility letter which will be valid for a period of 6 months. For banks, we would have to apply with the respective banks. The maximum loan term is 25 years. Upon approval, we will get a Letter of Offer for the housing loan. Read Also:* [*6 Reasons You Should Still Choose An HDB Home Loan Over A Bank Home Loan (Even Though HDB Interest Rates Are Higher)](https://dollarsandsense.sg/6-reasons-still-choose-hdb-home-loan-bank-home-loan-even-though-hdb-interest-rates-higher/) ### \#5 Get Option To Purchase From Seller (And Get A Conveyancer Lawyer If Required) At this juncture, the process of purchasing the resale flat is no longer solely dependent on our pace, but also on our seller(s). To finalise our decision to purchase the resale flat, we can request our seller to provide us with the Option to Purchase. The option fee would cost \$1,000 or less and it will expire after 21 calendar days. On top of the option fee, we have to pay the deposit which is not more than \$5,000. In the Option to Purchase, the price of the flat would have to be declared by both buyer and seller. If we do change our minds after signing the option, we can choose not to exercise the option and let it lapse after 21 days. If we intend to proceed on with the purchase, we might want to engage a conveyancer lawyer. The conveyancer lawyer would help you vet through the Option to Purchase agreement and handle subsequent resale procedure paperwork. If you applied for a bank loan, your bank may have a panel of recommended lawyers. If we are using HDB loan, we can [check](https://services2.hdb.gov.sg/webapp/BB14LFEESENQ/BB14PHomePage.jsp) to see if we are eligible to use HDB conveyancing lawyers instead. You can expect to pay upwards of \$2,000 on fees for a private conveyancing lawyer fees. For HDB conveyancing fees, the rates can be found [here](https://www.hdb.gov.sg/cs/infoweb/legal-fees-enquiry-facility/conveyancing-fees-rules). Read Also:* [*Complete Guide To The New Enhanced CPF Housing Grant (EHG) For First-Time BTO & Resale Flat Buyers](https://dollarsandsense.sg/complete-guide-to-the-new-enhanced-cpf-housing-grant-ehg-for-first-time-bto-resale-flat-buyers/) ### \#6 Request Value Of Flat From HDB Resale Portal Upon receiving Option to Purchase, we can apply and submit for a Request for Value (ROV). HDB will assign an approved external valuer to conduct the assessment within three working days. The processing fee for ROV is \$120. HDB will email us once the valuation is ready. The valuation would be valid for a period of three months and we would have to submit our resale application within the valuation validity. If the HDB flat price is above valuation, the buyer needs to pay for Cash Over Valuation (COV) with cash. This is true even if our In-Principle Approval (IPA) was larger. This is because, for housing loans, the limits are usually the lower of either the valuation or the price of HDB flat. COV has to be paid in cash, we cannot use our CPF Ordinary Savings (OA) for this payment. To minimise the discrepancy between valuation and price, we can refer to [HDB’s Resale Flat Prices e-service](https://services2.hdb.gov.sg/webapp/BB33RTIS/) for indicative values. Read Also:* [What Happens When You Buy A Property Above or Below Valuation?](https://dollarsandsense.sg/happens-buy-property-valuation/) ### \#7 Exercise Option To Purchase, Submit Resale Application, Pay Resale Application Fee & Endorse Once we are ready, we can exercise the Option to Purchase (OTP) and prepare the resale application documents for submission to HDB. Submission of documents would require coordination of both parties as both buyers and sellers have to submit their resale application within 7 calendar days from each other. Do note that if the seller wishes to apply for the temporary extension of stay, they will have to submit their application here. The temporary extension of stay duration is up to a maximum of 3 months from the resale date. More details on the temporary extension of stay process can be found [here](https://www.hdb.gov.sg/residential/selling-a-flat/procedures/temporary-extension-of-stay). Resale documentations to be included are the OTP contract, personal particulars, loan, and grant details. More details can be found [here](https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/procedures/resale-application). After submitting the documents, we would have to pay a resale application administrative fee via the HDB Resale Portal. The fees are \$40 for 1- and 2-room and \$80 for 3-room and larger flats. After submission, HDB will notify both buyer and seller of the document acceptance via SMS or email within 10 working days. The average processing is 8 weeks from the date of document acceptance. During this time frame, HDB will assess the eligibility of buyers and sellers, process our CPF withdrawals (if any), amount of HDB housing loan, stamp fees, registration fees, conveyancing fees, and more. We can check the progress on the HDB resale portal and endorse the documents if necessary. If we are taking an HDB loan, a total of \$128.90 is payable on the Resale portal. If there is no HDB loan, we would still need to pay \$64.45. *Read Also:* [*Second-Timer HDB Buyers: What Are The Grants and Subsidies Available For Your Second HDB Flat?](https://dollarsandsense.sg/second-timer-hdb-buyers-subsidies/) ### \#8 Attend Resale Completion Meeting And Receive Our Keys Finally, when we can confirm that our resale application submission is successful, HDB would notify us of the date and time to carry out the Resale Completion Appointment. Before completing the resale, we have to pay off the balance of the purchase price (if any) and inspect the resale flat. On the day of the appointment, both sellers and buyers or their representative lawyer(s) will need to physically attend to complete the resale transaction. During the appointment, the original Option to Purchase and the receipt for final cash payment (if any) must be submitted. If we used an HDB housing loan, we have to bring a valid Certificate of Insurance for a Mortgage Fire Insurance Policy on the resale flat issued by HDB’s appointed Insurer. With all the necessary documents in place, we would sign the contracts to confirm the transfer of ownership, mortgage, and other relevant forms. If the seller did not ask for a temporary extension of stay, we would then receive the keys and become the official owners of the HDB resale flat. Read Also:* [*2-Room BTO Flat Versus 3-Room Resale Flat, Which Should Singles Choose?](https://dollarsandsense.sg/2-room-bto-flat-versus-3-room-resale-flat-singles-choose/) Advertiser Message* Invest in institutional-grade global real estate from \$5,000 Join RealVantage, a MAS-licensed investment platform, for access to curated real estate opportunities across 7+ global markets. Diversify into residential and commercial properties starting from \$5,000. [Sign up today](https://dollarsandsensesg.link/Property_footer "https://www.realvantage.co/?lp=dns2026&utm_source=dns_property_banner&utm_medium=banner_property&utm_campaign=dns2026") to receive SGD50 cash, SGD10 Grab voucher and SGD100 investment credit. T\&Cs apply. ![](https://dollarsandsense.sg/wp-content/uploads/2017/06/DNS-Logo-Web.png)
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