🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 173 (from laksa144)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa173.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://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/\')), getAhrefsUnparsedNoserviceFromURL(\'https://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/financeguru.sg\/10-step-guide-to-purchasing-an-hdb-resale-flat\/","crawl_time":1775693783,"first_indexed_time":1638607950,"http_code":200,"src_unparsed":"sg,financeguru!\/10-step-guide-to-purchasing-an-hdb-resale-flat\/ s443","src_root_hash":"16208805942490666173","history_drop_reason":null,"meta_title":"10-step guide to purchasing an HDB resale flat in Singapore - FinanceGuru","meta_descriptions":["Looking to buy an HDB resale flat? We breakdown the process into this handy 10-step guide to help you navigate through it easily."],"attrs_boilerpipe_text":"Buying a home is an essential commitment that holds great significance. It’s a financial milestone in life. It’s exciting, exuberating and perhaps even electrifying. Yet, the reality is that the purchasing process may not be as simple as you think. Here’s our straightforward 10-step guide to help you on your journey to buying an HDB resale flat.\nStep 1: Register your Intent to Buy\nStart your journey off by registering an Intent to Buy. Log into the\nHDB Resale Portal\nwith your SingPass. This allows HDB to evaluate your eligibility to buy an HDB resale flat.\nTo be eligible, the applicant(s) will need to meet the following criteria:\nBe eligible to purchase resale flat under\nany one of these schemes\n:\nPublic Scheme\nFiancé\/Fiancée Scheme\nSingle Singaporean Citizen Scheme\nJoint Singles Scheme\nNon-citizen Spouse Scheme\nOrphans Scheme\nConversion Scheme\nComply with the\nEthnic Integration Policy (EIP)\nat the time of submitting Resale Application\nIf you’re purchasing a flat with other applicants like your family or partner, note that only one of you needs to register. \nYour registered Intent to Buy will be valid for only 12 months. You’ll have to re-apply again when it expires. \nStep 2: Get an Approval in Principle (AIP)\nNext, get an AIP with a bank. An AIP is a negotiated arrangement that states the bank’s commitment to extend you a home loan when you intend to buy a house. The agreement will be valid for 30 days (varies among banks).\nGetting the AIP helps you nail down your budget. For instance, you could have an AIP of $300,000 extended to you, and based on the\nloan-to-value limit of 75%\n; you can probably get a resale property of $400,000. \nOnce you have your budget, start shopping for your dream home online. You can find property listings from\nvarious property portals.\nYou can even do it the old-school way — flipping through property ads in the newspapers! Found some listings that fit within your budget? Arrange for a viewing!\nAlternatively, you may also choose to engage a property agent to help you find the right property.\nStep 4: Choose between an HDB loan or a bank loan\nYour next big step is to decide on how you want to finance your property purchase. There are 2 ways: \nHDB loan\nBank loan\nNeed a valid\nHDB Loan Eligibility (HLE)\nletter before you can get an OTP from the seller\nNeed a valid\nLetter of Offer (LO)\nbefore you can exercise the OTP.\nInterest rate pegged to CPF OA interest rate +0.1%\nChoose between fixed and floating rates\nLoan up to 90% of the remaining lease\nLoan up to 75% \nFind out the differences between an HDB loan and bank loan here.\nStep 5: Get an Option to Purchase (OTP)\nAfter you’ve settled on your choice of loan, negotiate with the seller on the right price for the property. \nUpon reaching an agreement, you can make an offer, and the seller will extend to you an\nOption to Purchase (OTP)\n.\nThe OTP is a legally binding contract between you and the seller. It guarantees your right to purchase the flat at the agreed price. The OTP disallows the seller to sell the property for the next 21 days.\nAlso, you’ll need to pay the option fee ranging from $1 to $1,000. This option fee lets you put in your ‘reservation’ for the flat. Once you’ve paid the option fee, you’re obliged to exercise your OTP within 21 days, or else the option fee will be forfeited. \nAfter 21 days, the seller is free to sell the flat if there is no action from you.\nStep 6: Submit a Request For Value to HDB\nYou’ll need to submit a request for the value of the flat you’re buying on the\nHDB Resale Portal.\nDo this one day after the Option Date on your OTP.\nThe valuation process will take around 5 to 7 working days. Upon receiving the valuation report, you will need to submit it to the bank to complete the loan application so the letter of offer can be prepared.\nStep 7: Exercise the OTP \nOnce the valuation report is out, the next step is to sign on the OTP. Do note that you need to have the bank’s letter of offer or HLE approval prior to exercising the OTP,  and paying the balance of the option exercise fee. \nStep 8: Pay fees and the submit flat application to HDB\nLeading up to the completion, you’ll have to make payments for fees such as\nBuyer’s Stamp Duty (BSD)\n,\nAdditional Buyer’s Stamp Duty (ABSD)\n, and other legal fees if applicable.\nIn addition, both you and the seller will have to submit the respective parts of the resale application to HDB. Once either party submitted their portion, the other party will need to send the corresponding portion within 7 days. If not, the application will expire, and you’ll need to re-apply with HDB.\nStep 9: Wait for HDB approval\nOnce you and the seller have submitted the resale application, HDB will process it. You may check the application progress on the HDB Resale Portal. \nIf everything is in order, HDB will inform both of you by SMS or email within 10 working days. The transaction will be completed 8 weeks after the approval, and both parties will need to endorse all the documents and settle all the necessary fees within that time frame.\nStep 10: Completion of Resale\nAfter everything has been granted (including the API), HDB will arrange for a Resale Completion Appointment. Both you and the seller will need to be physically present to complete the resale transaction at the HDB Hub. \nWe hope that this guide has served you well. If you want to know more about the nitty-gritty details involved in purchasing an HDB resale flat that we’ve not included here,\nfeel free to contact us for a chat.\n \nRead our guide on purchasing a resale private property here.\nRead our guide on buying a private BUC here.\nHave some mortgage questions? Here at FinanceGuru, we seek to help you better prepare for your finances and the upcoming milestones in your life.\nGet a non-obligatory assessment and loan product recommendations here. ","attrs_markdown":"[Skip to the content](https:\/\/financeguru.sg\/10-step-guide-to-purchasing-an-hdb-resale-flat\/#site-content)\n\n[![](https:\/\/financeguru.sg\/wp-content\/uploads\/2020\/08\/cropped-new-FG-logo.png)](https:\/\/financeguru.sg\/)\n\n- [Home](https:\/\/financeguru.sg\/)\n- [Services](https:\/\/financeguru.sg\/10-step-guide-to-purchasing-an-hdb-resale-flat\/)\n  - [Home Loans](https:\/\/financeguru.sg\/home-loans\/)\n- [Blog](https:\/\/financeguru.sg\/blog\/)\n- [Contact](https:\/\/financeguru.sg\/contact\/)\n\nMenu\n\n- [Home](https:\/\/financeguru.sg\/)\n- [Services](https:\/\/financeguru.sg\/10-step-guide-to-purchasing-an-hdb-resale-flat\/)\n  - [Home Loans](https:\/\/financeguru.sg\/home-loans\/)\n- [Blog](https:\/\/financeguru.sg\/blog\/)\n- [Contact](https:\/\/financeguru.sg\/contact\/)\n\n[![](https:\/\/financeguru.sg\/wp-content\/uploads\/2020\/08\/cropped-new-FG-logo.png)](https:\/\/financeguru.sg\/)\n\n- [Home](https:\/\/financeguru.sg\/)\n- [Services](https:\/\/financeguru.sg\/10-step-guide-to-purchasing-an-hdb-resale-flat\/)\n  - [Home Loans](https:\/\/financeguru.sg\/home-loans\/)\n- [Blog](https:\/\/financeguru.sg\/blog\/)\n- [Contact](https:\/\/financeguru.sg\/contact\/)\n\nMenu\n\n- [Home](https:\/\/financeguru.sg\/)\n- [Services](https:\/\/financeguru.sg\/10-step-guide-to-purchasing-an-hdb-resale-flat\/)\n  - [Home Loans](https:\/\/financeguru.sg\/home-loans\/)\n- [Blog](https:\/\/financeguru.sg\/blog\/)\n- [Contact](https:\/\/financeguru.sg\/contact\/)\n\n- [Home](https:\/\/financeguru.sg\/)\n- [Services](https:\/\/financeguru.sg\/10-step-guide-to-purchasing-an-hdb-resale-flat\/)\n  - [Home Loans](https:\/\/financeguru.sg\/home-loans\/)\n- [Blog](https:\/\/financeguru.sg\/blog\/)\n- [Contact](https:\/\/financeguru.sg\/contact\/)\n\nMenu\n\n- [Home](https:\/\/financeguru.sg\/)\n- [Services](https:\/\/financeguru.sg\/10-step-guide-to-purchasing-an-hdb-resale-flat\/)\n  - [Home Loans](https:\/\/financeguru.sg\/home-loans\/)\n- [Blog](https:\/\/financeguru.sg\/blog\/)\n- [Contact](https:\/\/financeguru.sg\/contact\/)\n\n[![](https:\/\/financeguru.sg\/wp-content\/uploads\/2020\/08\/cropped-new-FG-logo.png)](https:\/\/financeguru.sg\/)\n\n- [Home](https:\/\/financeguru.sg\/)\n- [Services](https:\/\/financeguru.sg\/10-step-guide-to-purchasing-an-hdb-resale-flat\/)\n  - [Home Loans](https:\/\/financeguru.sg\/home-loans\/)\n- [Blog](https:\/\/financeguru.sg\/blog\/)\n- [Contact](https:\/\/financeguru.sg\/contact\/)\n\nMenu\n\n- [Home](https:\/\/financeguru.sg\/)\n- [Services](https:\/\/financeguru.sg\/10-step-guide-to-purchasing-an-hdb-resale-flat\/)\n  - [Home Loans](https:\/\/financeguru.sg\/home-loans\/)\n- [Blog](https:\/\/financeguru.sg\/blog\/)\n- [Contact](https:\/\/financeguru.sg\/contact\/)\n\n[![](https:\/\/financeguru.sg\/wp-content\/uploads\/2020\/08\/cropped-new-FG-logo.png)](https:\/\/financeguru.sg\/)\n\n- [Home Loans](https:\/\/financeguru.sg\/category\/home-loans\/)\n## 10-step guide to purchasing an HDB resale flat in Singapore\n![Images of a resale flat in Singapore](https:\/\/financeguru.sg\/wp-content\/uploads\/2020\/07\/fg-blogpost.jpg)\n\n- [Posted On August 3, 2020](https:\/\/financeguru.sg\/2020\/08\/03\/)\n\n[Facebook]()     [Twitter]()     [Instagram]()\n\n- [Home Loans](https:\/\/financeguru.sg\/category\/home-loans\/)\n## 10-step guide to purchasing an HDB resale flat in Singapore\n\n![Images of a resale flat in Singapore](https:\/\/financeguru.sg\/wp-content\/uploads\/2020\/07\/fg-blogpost.jpg)\n\n- [Posted On August 3, 2020](https:\/\/financeguru.sg\/2020\/08\/03\/)\n\nBuying a home is an essential commitment that holds great significance. It’s a financial milestone in life. It’s exciting, exuberating and perhaps even electrifying. Yet, the reality is that the purchasing process may not be as simple as you think. Here’s our straightforward 10-step guide to help you on your journey to buying an HDB resale flat.\n\n## Step 1: Register your Intent to Buy\nStart your journey off by registering an Intent to Buy. Log into the [HDB Resale Portal](https:\/\/services2.hdb.gov.sg\/webapp\/BB31AWDashboardWeb\/BB31PLogin.jsp) with your SingPass. This allows HDB to evaluate your eligibility to buy an HDB resale flat.\n\nTo be eligible, the applicant(s) will need to meet the following criteria:\n\n- Be eligible to purchase resale flat under [any one of these schemes](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/resale\/eligibility):\n  - Public Scheme\n  - Fiancé\/Fiancée Scheme\n  - Single Singaporean Citizen Scheme\n  - Joint Singles Scheme\n  - Non-citizen Spouse Scheme\n  - Orphans Scheme\n  - Conversion Scheme\n- Comply with the [Ethnic Integration Policy (EIP)](https:\/\/www.gov.sg\/article\/hdbs-ethnic-integration-policy-why-it-still-matters) at the time of submitting Resale Application\n\nIf you’re purchasing a flat with other applicants like your family or partner, note that only one of you needs to register.\n\nYour registered Intent to Buy will be valid for only 12 months. You’ll have to re-apply again when it expires.\n\n## Step 2: Get an Approval in Principle (AIP)\nNext, get an AIP with a bank. An AIP is a negotiated arrangement that states the bank’s commitment to extend you a home loan when you intend to buy a house. The agreement will be valid for 30 days (varies among banks).\n\nGetting the AIP helps you nail down your budget. For instance, you could have an AIP of \\$300,000 extended to you, and based on the [loan-to-value limit of 75%](https:\/\/www.mas.gov.sg\/regulation\/explainers\/new-housing-loans\/loan-tenure-and-loan-to-value-limits); you can probably get a resale property of \\$400,000.\n\n## Step 3: Go house shopping\n![Woman sitting on a couch and searching for a resale flat in Singapore through her laptop](https:\/\/www.financeguru.sg\/wp-content\/uploads\/2020\/08\/steps-hdb-property-resale-shopping-1024x683.jpg)\n\nOnce you have your budget, start shopping for your dream home online. You can find property listings from [various property portals.](https:\/\/www.theweddingvowsg.com\/property-websites-singapore-home\/)\n\nYou can even do it the old-school way — flipping through property ads in the newspapers! Found some listings that fit within your budget? Arrange for a viewing\\!\n\nAlternatively, you may also choose to engage a property agent to help you find the right property.\n\n## Step 4: Choose between an HDB loan or a bank loan\nYour next big step is to decide on how you want to finance your property purchase. There are 2 ways:\n\n| **HDB loan** | **Bank loan** |\n|---|---|\n| Need a valid [HDB Loan Eligibility (HLE)](https:\/\/services2.hdb.gov.sg\/webapp\/BP27AWHLEApplication\/BP27SHome) letter before you can get an OTP from the seller | Need a valid [Letter of Offer (LO)](https:\/\/www.financeguru.sg\/bank-jargons-for-offer-letter-made-easy\/) before you can exercise the OTP. |\n| Interest rate pegged to CPF OA interest rate +0.1% | Choose between fixed and floating rates |\n| Loan up to 90% of the remaining lease | Loan up to 75% |\n\n[Find out the differences between an HDB loan and bank loan here.](https:\/\/www.financeguru.sg\/different-types-of-mortgage-rates\/)\n\n## Step 5: Get an Option to Purchase (OTP)\nAfter you’ve settled on your choice of loan, negotiate with the seller on the right price for the property.\n\nUpon reaching an agreement, you can make an offer, and the seller will extend to you an [Option to Purchase (OTP)](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/residential\/selling-a-flat\/procedures\/option-to-purchase).\n\nThe OTP is a legally binding contract between you and the seller. It guarantees your right to purchase the flat at the agreed price. The OTP disallows the seller to sell the property for the next 21 days.\n\nAlso, you’ll need to pay the option fee ranging from \\$1 to \\$1,000. This option fee lets you put in your ‘reservation’ for the flat. Once you’ve paid the option fee, you’re obliged to exercise your OTP within 21 days, or else the option fee will be forfeited.\n\nAfter 21 days, the seller is free to sell the flat if there is no action from you.\n\n## Step 6: Submit a Request For Value to HDB\nYou’ll need to submit a request for the value of the flat you’re buying on the [HDB Resale Portal.](https:\/\/services2.hdb.gov.sg\/webapp\/BB31AWDashboardWeb\/BB31PLogin.jsp) Do this one day after the Option Date on your OTP.\n\nThe valuation process will take around 5 to 7 working days. Upon receiving the valuation report, you will need to submit it to the bank to complete the loan application so the letter of offer can be prepared.\n\n## Step 7: Exercise the OTP\nOnce the valuation report is out, the next step is to sign on the OTP. Do note that you need to have the bank’s letter of offer or HLE approval prior to exercising the OTP, and paying the balance of the option exercise fee.\n\n## Step 8: Pay fees and the submit flat application to HDB\nLeading up to the completion, you’ll have to make payments for fees such as [Buyer’s Stamp Duty (BSD)](https:\/\/www.iras.gov.sg\/irashome\/Other-Taxes\/Stamp-Duty-for-Property\/Working-out-your-Stamp-Duty\/Buying-or-Acquiring-Property\/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property\/Buyer-s-Stamp-Duty--BSD-\/), [Additional Buyer’s Stamp Duty (ABSD)](https:\/\/www.iras.gov.sg\/irashome\/Other-Taxes\/Stamp-Duty-for-Property\/Working-out-your-Stamp-Duty\/Buying-or-Acquiring-Property\/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property\/Additional-Buyer-s-Stamp-Duty--ABSD-\/), and other legal fees if applicable.\n\nIn addition, both you and the seller will have to submit the respective parts of the resale application to HDB. Once either party submitted their portion, the other party will need to send the corresponding portion within 7 days. If not, the application will expire, and you’ll need to re-apply with HDB.\n\n## Step 9: Wait for HDB approval\nOnce you and the seller have submitted the resale application, HDB will process it. You may check the application progress on the HDB Resale Portal.\n\nIf everything is in order, HDB will inform both of you by SMS or email within 10 working days. The transaction will be completed 8 weeks after the approval, and both parties will need to endorse all the documents and settle all the necessary fees within that time frame.\n\n## Step 10: Completion of Resale\nAfter everything has been granted (including the API), HDB will arrange for a Resale Completion Appointment. Both you and the seller will need to be physically present to complete the resale transaction at the HDB Hub.\n\n![Key in the main door lock of a resale flat in Singapore](https:\/\/www.financeguru.sg\/wp-content\/uploads\/2020\/08\/steps-hdb-property-resale-home-key-1024x683.jpg)\n\nWe hope that this guide has served you well. If you want to know more about the nitty-gritty details involved in purchasing an HDB resale flat that we’ve not included here, [feel free to contact us for a chat.](https:\/\/www.financeguru.sg\/contact\/)\n\n[Read our guide on purchasing a resale private property here.](https:\/\/www.financeguru.sg\/10-step-guide-to-purchasing-a-resale-private-property\/)\n\n[Read our guide on buying a private BUC here.](https:\/\/www.financeguru.sg\/10-step-guide-to-purchase-a-private-buc\/)\n\n[![free home loan advice from singapore mortgage broker](https:\/\/www.financeguru.sg\/wp-content\/uploads\/2021\/06\/Blog-CTA-banner-1024x187.png)](https:\/\/newslettercampaign.financeguru.sg\/)\n\nHave some mortgage questions? Here at FinanceGuru, we seek to help you better prepare for your finances and the upcoming milestones in your life. [Get a non-obligatory assessment and loan product recommendations here.](https:\/\/newslettercampaign.financeguru.sg\/)\n\n![Home loan](https:\/\/financeguru.sg\/wp-content\/uploads\/2020\/07\/fb-ads.png)\n\n#### Related articles\n[![Image of a two-storey landed property in Singapore](https:\/\/financeguru.sg\/wp-content\/uploads\/2022\/05\/private-landed-property-guide-buying-landed-300x203.jpg)](https:\/\/financeguru.sg\/private-landed-property-guide-buying-landed-property-note\/)\n\n#### [Private and Landed Property Guide in Singapore: 5 things to take note of when buying a landed property](https:\/\/financeguru.sg\/private-landed-property-guide-buying-landed-property-note\/)\nMay 20, 2022\n\n[![Feature image of private and landed properties in Singapore](https:\/\/financeguru.sg\/wp-content\/uploads\/2022\/05\/private-landed-house-singapore-feature-image-300x213.jpg)](https:\/\/financeguru.sg\/types-private-landed-properties-singapore\/)\n\n#### [Private and Landed Property Guide in Singapore: 6 types of private and landed properties](https:\/\/financeguru.sg\/types-private-landed-properties-singapore\/)\nMay 13, 2022\n\n[![Image of an expat family in their Singapore home](https:\/\/financeguru.sg\/wp-content\/uploads\/2022\/05\/foreigners-buy-property-singapore-expat-family-home-loan-300x200.jpg)](https:\/\/financeguru.sg\/private-landed-property-singapore-buying-foreigner\/)\n\n#### [Private and Landed Property Guide in Singapore 2022: Buying property as a foreigner](https:\/\/financeguru.sg\/private-landed-property-singapore-buying-foreigner\/)\nMay 6, 2022\n\n[![feature image of wooden block spelling credit](https:\/\/financeguru.sg\/wp-content\/uploads\/2022\/04\/feature-image-credit-score-singapore-300x169.jpg)](https:\/\/financeguru.sg\/does-credit-history-matter-apply-home-loan-singapore\/)\n\n#### [Does credit history matter when you apply for a home loan in Singapore?](https:\/\/financeguru.sg\/does-credit-history-matter-apply-home-loan-singapore\/)\nApril 29, 2022\n\n### Rated ⭐⭐⭐⭐⭐ by our customers\\!\n### Get a free no-obligation assessment today\\!\n### Get a free no-obligation assessment today\\!\n![logo-white](https:\/\/financeguru.sg\/wp-content\/uploads\/elementor\/thumbs\/logo-white-p7fypxma3pw545ad2dxoopd9r24lsdu0vjrqywcezy.png)\n\nTo maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons.\n\n![logo-white](https:\/\/financeguru.sg\/wp-content\/uploads\/elementor\/thumbs\/logo-white-p7fypxma3pw545ad2dxoopd9r24lsdu0vjrqywcezy.png)\n\nTo maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons.\n\n![logo-white](https:\/\/financeguru.sg\/wp-content\/uploads\/elementor\/thumbs\/logo-white-p7fypxma3pw545ad2dxoopd9r24lsdu0vjrqywcezy.png)\n\nTo maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons.\n\n#### ABOUT\n- [Company](https:\/\/www.financeguru.sg\/about\/)\n- [FAQ](https:\/\/www.financeguru.sg\/faq\/)\n- [Blog](https:\/\/www.financeguru.sg\/blog\/)\n- [PDPA](https:\/\/www.financeguru.sg\/pdpa\/)\n\n## SERVICES\n- [Home Loans](https:\/\/www.financeguru.sg\/home-loans\/)\n\n## CONTACT US\n- [Office@financeguru.sg](mailto:office@financeguru.sg)\n- [\\+65 98 90 90 90](tel:+6598909090)\n\n## LOCATION\n- 12 Arumugam Road, \\#02-02B LTC Building, Suite B, S409958\n\n#### ABOUT\n- [Company](https:\/\/www.financeguru.sg\/about\/)\n- [FAQ](https:\/\/www.financeguru.sg\/faq\/)\n- [Blog](https:\/\/www.financeguru.sg\/blog\/)\n- [PDPA](https:\/\/www.financeguru.sg\/pdpa\/)\n\n## SERVICES\n- [Home Loans](https:\/\/www.financeguru.sg\/home-loans\/)\n\n## CONTACT US\n- [Office@financeguru.sg](mailto:office@financeguru.sg)\n- [\\+65 9890 9090](tel:+6598909090)\n\n##### FOLLOW US\n[Facebook-f](https:\/\/www.facebook.com\/financegurusg\/)     [Instagram](https:\/\/www.instagram.com\/financegurusg\/)     [Linkedin](https:\/\/www.linkedin.com\/company\/financeguru)\n\n## LOCATION\n- 12 Arumugam Road, \\#02-02B   \n   LTC Building, Suite B, S409958\n\n##### FOLLOW US\n[Facebook-f](https:\/\/www.facebook.com\/financegurusg)     [Instagram](https:\/\/www.instagram.com\/financegurusg\/)     [Linkedin](https:\/\/www.linkedin.com\/company\/financeguru)\n\n- [HOME](https:\/\/www.financeguru.sg\/)\n- [ABOUT](https:\/\/www.financeguru.sg\/about\/)\n- [BLOG](https:\/\/www.financeguru.sg\/blog\/)\n- [CONTACT](https:\/\/www.financeguru.sg\/contact\/)\n\n2024 © FinanceGuru. All rights reserved\n\n2024 © FinanceGuru. All rights reserved\n\nOpen chaty\n\nHide chaty","attrs_readable_markdown":"Buying a home is an essential commitment that holds great significance. It’s a financial milestone in life. It’s exciting, exuberating and perhaps even electrifying. Yet, the reality is that the purchasing process may not be as simple as you think. Here’s our straightforward 10-step guide to help you on your journey to buying an HDB resale flat.\n\n## Step 1: Register your Intent to Buy\nStart your journey off by registering an Intent to Buy. Log into the [HDB Resale Portal](https:\/\/services2.hdb.gov.sg\/webapp\/BB31AWDashboardWeb\/BB31PLogin.jsp) with your SingPass. This allows HDB to evaluate your eligibility to buy an HDB resale flat.\n\nTo be eligible, the applicant(s) will need to meet the following criteria:\n\n- Be eligible to purchase resale flat under [any one of these schemes](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/resale\/eligibility):\n  - Public Scheme\n  - Fiancé\/Fiancée Scheme\n  - Single Singaporean Citizen Scheme\n  - Joint Singles Scheme\n  - Non-citizen Spouse Scheme\n  - Orphans Scheme\n  - Conversion Scheme\n- Comply with the [Ethnic Integration Policy (EIP)](https:\/\/www.gov.sg\/article\/hdbs-ethnic-integration-policy-why-it-still-matters) at the time of submitting Resale Application\n\nIf you’re purchasing a flat with other applicants like your family or partner, note that only one of you needs to register.\n\nYour registered Intent to Buy will be valid for only 12 months. You’ll have to re-apply again when it expires.\n\n## Step 2: Get an Approval in Principle (AIP)\nNext, get an AIP with a bank. An AIP is a negotiated arrangement that states the bank’s commitment to extend you a home loan when you intend to buy a house. The agreement will be valid for 30 days (varies among banks).\n\nGetting the AIP helps you nail down your budget. For instance, you could have an AIP of \\$300,000 extended to you, and based on the [loan-to-value limit of 75%](https:\/\/www.mas.gov.sg\/regulation\/explainers\/new-housing-loans\/loan-tenure-and-loan-to-value-limits); you can probably get a resale property of \\$400,000.\n\n![Woman sitting on a couch and searching for a resale flat in Singapore through her laptop](https:\/\/www.financeguru.sg\/wp-content\/uploads\/2020\/08\/steps-hdb-property-resale-shopping-1024x683.jpg)\n\nOnce you have your budget, start shopping for your dream home online. You can find property listings from [various property portals.](https:\/\/www.theweddingvowsg.com\/property-websites-singapore-home\/)\n\nYou can even do it the old-school way — flipping through property ads in the newspapers! Found some listings that fit within your budget? Arrange for a viewing\\!\n\nAlternatively, you may also choose to engage a property agent to help you find the right property.\n\n## Step 4: Choose between an HDB loan or a bank loan\nYour next big step is to decide on how you want to finance your property purchase. There are 2 ways:\n\n| **HDB loan** | **Bank loan** |\n|---|---|\n| Need a valid [HDB Loan Eligibility (HLE)](https:\/\/services2.hdb.gov.sg\/webapp\/BP27AWHLEApplication\/BP27SHome) letter before you can get an OTP from the seller | Need a valid [Letter of Offer (LO)](https:\/\/www.financeguru.sg\/bank-jargons-for-offer-letter-made-easy\/) before you can exercise the OTP. |\n| Interest rate pegged to CPF OA interest rate +0.1% | Choose between fixed and floating rates |\n| Loan up to 90% of the remaining lease | Loan up to 75% |\n\n[Find out the differences between an HDB loan and bank loan here.](https:\/\/www.financeguru.sg\/different-types-of-mortgage-rates\/)\n\n## Step 5: Get an Option to Purchase (OTP)\nAfter you’ve settled on your choice of loan, negotiate with the seller on the right price for the property.\n\nUpon reaching an agreement, you can make an offer, and the seller will extend to you an [Option to Purchase (OTP)](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/residential\/selling-a-flat\/procedures\/option-to-purchase).\n\nThe OTP is a legally binding contract between you and the seller. It guarantees your right to purchase the flat at the agreed price. The OTP disallows the seller to sell the property for the next 21 days.\n\nAlso, you’ll need to pay the option fee ranging from \\$1 to \\$1,000. This option fee lets you put in your ‘reservation’ for the flat. Once you’ve paid the option fee, you’re obliged to exercise your OTP within 21 days, or else the option fee will be forfeited.\n\nAfter 21 days, the seller is free to sell the flat if there is no action from you.\n\n## Step 6: Submit a Request For Value to HDB\nYou’ll need to submit a request for the value of the flat you’re buying on the [HDB Resale Portal.](https:\/\/services2.hdb.gov.sg\/webapp\/BB31AWDashboardWeb\/BB31PLogin.jsp) Do this one day after the Option Date on your OTP.\n\nThe valuation process will take around 5 to 7 working days. Upon receiving the valuation report, you will need to submit it to the bank to complete the loan application so the letter of offer can be prepared.\n\n## Step 7: Exercise the OTP\nOnce the valuation report is out, the next step is to sign on the OTP. Do note that you need to have the bank’s letter of offer or HLE approval prior to exercising the OTP, and paying the balance of the option exercise fee.\n\n## Step 8: Pay fees and the submit flat application to HDB\nLeading up to the completion, you’ll have to make payments for fees such as [Buyer’s Stamp Duty (BSD)](https:\/\/www.iras.gov.sg\/irashome\/Other-Taxes\/Stamp-Duty-for-Property\/Working-out-your-Stamp-Duty\/Buying-or-Acquiring-Property\/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property\/Buyer-s-Stamp-Duty--BSD-\/), [Additional Buyer’s Stamp Duty (ABSD)](https:\/\/www.iras.gov.sg\/irashome\/Other-Taxes\/Stamp-Duty-for-Property\/Working-out-your-Stamp-Duty\/Buying-or-Acquiring-Property\/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property\/Additional-Buyer-s-Stamp-Duty--ABSD-\/), and other legal fees if applicable.\n\nIn addition, both you and the seller will have to submit the respective parts of the resale application to HDB. Once either party submitted their portion, the other party will need to send the corresponding portion within 7 days. If not, the application will expire, and you’ll need to re-apply with HDB.\n\n## Step 9: Wait for HDB approval\nOnce you and the seller have submitted the resale application, HDB will process it. You may check the application progress on the HDB Resale Portal.\n\nIf everything is in order, HDB will inform both of you by SMS or email within 10 working days. The transaction will be completed 8 weeks after the approval, and both parties will need to endorse all the documents and settle all the necessary fees within that time frame.\n\n## Step 10: Completion of Resale\nAfter everything has been granted (including the API), HDB will arrange for a Resale Completion Appointment. Both you and the seller will need to be physically present to complete the resale transaction at the HDB Hub.\n\n![Key in the main door lock of a resale flat in Singapore](https:\/\/www.financeguru.sg\/wp-content\/uploads\/2020\/08\/steps-hdb-property-resale-home-key-1024x683.jpg)\n\nWe hope that this guide has served you well. If you want to know more about the nitty-gritty details involved in purchasing an HDB resale flat that we’ve not included here, [feel free to contact us for a chat.](https:\/\/www.financeguru.sg\/contact\/)\n\n[Read our guide on purchasing a resale private property here.](https:\/\/www.financeguru.sg\/10-step-guide-to-purchasing-a-resale-private-property\/)\n\n[Read our guide on buying a private BUC here.](https:\/\/www.financeguru.sg\/10-step-guide-to-purchase-a-private-buc\/)\n\n[![free home loan advice from singapore mortgage broker](https:\/\/www.financeguru.sg\/wp-content\/uploads\/2021\/06\/Blog-CTA-banner-1024x187.png)](https:\/\/newslettercampaign.financeguru.sg\/)\n\nHave some mortgage questions? Here at FinanceGuru, we seek to help you better prepare for your finances and the upcoming milestones in your life. [Get a non-obligatory assessment and loan product recommendations here.](https:\/\/newslettercampaign.financeguru.sg\/)","meta_canonical":null}

3. Robots.txt Check

Query:

Response:

4. Spam/Ban Check

Query:

Response:

5. Seen Status Check

ℹ️ Skipped - page is already crawled

📄

INDEXABLE

✅

CRAWLED

19 hours ago

🤖

ROBOTS SERVER UNREACHABLE

Failed to connect to robots server: Operation timed out after 2002 milliseconds with 0 bytes received

Page Info Filters

Filter	Status	Condition	Details
HTTP status	PASS	`download_http_code = 200`	HTTP 200
Age cutoff	PASS	`download_stamp > now() - 6 MONTH`	0 months ago
History drop	PASS	`isNull(history_drop_reason)`	No drop reason
Spam/ban	PASS	`fh_dont_index != 1 AND ml_spam_score = 0`	ml_spam_score=0
Canonical	PASS	`meta_canonical IS NULL OR = '' OR = src_unparsed`	Not set

Page Details

Property	Value
URL	https://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/
Last Crawled	2026-04-09 00:16:23 (19 hours ago)
First Indexed	2021-12-04 08:52:30 (4 years ago)
HTTP Status Code	200
Meta Title	10-step guide to purchasing an HDB resale flat in Singapore - FinanceGuru
Meta Description	Looking to buy an HDB resale flat? We breakdown the process into this handy 10-step guide to help you navigate through it easily.
Meta Canonical	null
Boilerpipe Text	Buying a home is an essential commitment that holds great significance. It’s a financial milestone in life. It’s exciting, exuberating and perhaps even electrifying. Yet, the reality is that the purchasing process may not be as simple as you think. Here’s our straightforward 10-step guide to help you on your journey to buying an HDB resale flat. Step 1: Register your Intent to Buy Start your journey off by registering an Intent to Buy. Log into the HDB Resale Portal with your SingPass. This allows HDB to evaluate your eligibility to buy an HDB resale flat. To be eligible, the applicant(s) will need to meet the following criteria: Be eligible to purchase resale flat under any one of these schemes : Public Scheme Fiancé/Fiancée Scheme Single Singaporean Citizen Scheme Joint Singles Scheme Non-citizen Spouse Scheme Orphans Scheme Conversion Scheme Comply with the Ethnic Integration Policy (EIP) at the time of submitting Resale Application If you’re purchasing a flat with other applicants like your family or partner, note that only one of you needs to register. Your registered Intent to Buy will be valid for only 12 months. You’ll have to re-apply again when it expires. Step 2: Get an Approval in Principle (AIP) Next, get an AIP with a bank. An AIP is a negotiated arrangement that states the bank’s commitment to extend you a home loan when you intend to buy a house. The agreement will be valid for 30 days (varies among banks). Getting the AIP helps you nail down your budget. For instance, you could have an AIP of $300,000 extended to you, and based on the loan-to-value limit of 75% ; you can probably get a resale property of $400,000. Once you have your budget, start shopping for your dream home online. You can find property listings from various property portals. You can even do it the old-school way — flipping through property ads in the newspapers! Found some listings that fit within your budget? Arrange for a viewing! Alternatively, you may also choose to engage a property agent to help you find the right property. Step 4: Choose between an HDB loan or a bank loan Your next big step is to decide on how you want to finance your property purchase. There are 2 ways: HDB loan Bank loan Need a valid HDB Loan Eligibility (HLE) letter before you can get an OTP from the seller Need a valid Letter of Offer (LO) before you can exercise the OTP. Interest rate pegged to CPF OA interest rate +0.1% Choose between fixed and floating rates Loan up to 90% of the remaining lease Loan up to 75% Find out the differences between an HDB loan and bank loan here. Step 5: Get an Option to Purchase (OTP) After you’ve settled on your choice of loan, negotiate with the seller on the right price for the property. Upon reaching an agreement, you can make an offer, and the seller will extend to you an Option to Purchase (OTP) . The OTP is a legally binding contract between you and the seller. It guarantees your right to purchase the flat at the agreed price. The OTP disallows the seller to sell the property for the next 21 days. Also, you’ll need to pay the option fee ranging from $1 to $1,000. This option fee lets you put in your ‘reservation’ for the flat. Once you’ve paid the option fee, you’re obliged to exercise your OTP within 21 days, or else the option fee will be forfeited. After 21 days, the seller is free to sell the flat if there is no action from you. Step 6: Submit a Request For Value to HDB You’ll need to submit a request for the value of the flat you’re buying on the HDB Resale Portal. Do this one day after the Option Date on your OTP. The valuation process will take around 5 to 7 working days. Upon receiving the valuation report, you will need to submit it to the bank to complete the loan application so the letter of offer can be prepared. Step 7: Exercise the OTP Once the valuation report is out, the next step is to sign on the OTP. Do note that you need to have the bank’s letter of offer or HLE approval prior to exercising the OTP, and paying the balance of the option exercise fee. Step 8: Pay fees and the submit flat application to HDB Leading up to the completion, you’ll have to make payments for fees such as Buyer’s Stamp Duty (BSD) , Additional Buyer’s Stamp Duty (ABSD) , and other legal fees if applicable. In addition, both you and the seller will have to submit the respective parts of the resale application to HDB. Once either party submitted their portion, the other party will need to send the corresponding portion within 7 days. If not, the application will expire, and you’ll need to re-apply with HDB. Step 9: Wait for HDB approval Once you and the seller have submitted the resale application, HDB will process it. You may check the application progress on the HDB Resale Portal. If everything is in order, HDB will inform both of you by SMS or email within 10 working days. The transaction will be completed 8 weeks after the approval, and both parties will need to endorse all the documents and settle all the necessary fees within that time frame. Step 10: Completion of Resale After everything has been granted (including the API), HDB will arrange for a Resale Completion Appointment. Both you and the seller will need to be physically present to complete the resale transaction at the HDB Hub. We hope that this guide has served you well. If you want to know more about the nitty-gritty details involved in purchasing an HDB resale flat that we’ve not included here, feel free to contact us for a chat. Read our guide on purchasing a resale private property here. Read our guide on buying a private BUC here. Have some mortgage questions? Here at FinanceGuru, we seek to help you better prepare for your finances and the upcoming milestones in your life. Get a non-obligatory assessment and loan product recommendations here.
Markdown	[Skip to the content](https://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/#site-content) [![](https://financeguru.sg/wp-content/uploads/2020/08/cropped-new-FG-logo.png)](https://financeguru.sg/) - [Home](https://financeguru.sg/) - [Services](https://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/) - [Home Loans](https://financeguru.sg/home-loans/) - [Blog](https://financeguru.sg/blog/) - [Contact](https://financeguru.sg/contact/) Menu - [Home](https://financeguru.sg/) - [Services](https://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/) - [Home Loans](https://financeguru.sg/home-loans/) - [Blog](https://financeguru.sg/blog/) - [Contact](https://financeguru.sg/contact/) [![](https://financeguru.sg/wp-content/uploads/2020/08/cropped-new-FG-logo.png)](https://financeguru.sg/) - [Home](https://financeguru.sg/) - [Services](https://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/) - [Home Loans](https://financeguru.sg/home-loans/) - [Blog](https://financeguru.sg/blog/) - [Contact](https://financeguru.sg/contact/) Menu - [Home](https://financeguru.sg/) - [Services](https://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/) - [Home Loans](https://financeguru.sg/home-loans/) - [Blog](https://financeguru.sg/blog/) - [Contact](https://financeguru.sg/contact/) - [Home](https://financeguru.sg/) - [Services](https://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/) - [Home Loans](https://financeguru.sg/home-loans/) - [Blog](https://financeguru.sg/blog/) - [Contact](https://financeguru.sg/contact/) Menu - [Home](https://financeguru.sg/) - [Services](https://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/) - [Home Loans](https://financeguru.sg/home-loans/) - [Blog](https://financeguru.sg/blog/) - [Contact](https://financeguru.sg/contact/) [![](https://financeguru.sg/wp-content/uploads/2020/08/cropped-new-FG-logo.png)](https://financeguru.sg/) - [Home](https://financeguru.sg/) - [Services](https://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/) - [Home Loans](https://financeguru.sg/home-loans/) - [Blog](https://financeguru.sg/blog/) - [Contact](https://financeguru.sg/contact/) Menu - [Home](https://financeguru.sg/) - [Services](https://financeguru.sg/10-step-guide-to-purchasing-an-hdb-resale-flat/) - [Home Loans](https://financeguru.sg/home-loans/) - [Blog](https://financeguru.sg/blog/) - [Contact](https://financeguru.sg/contact/) [![](https://financeguru.sg/wp-content/uploads/2020/08/cropped-new-FG-logo.png)](https://financeguru.sg/) - [Home Loans](https://financeguru.sg/category/home-loans/) ## 10-step guide to purchasing an HDB resale flat in Singapore ![Images of a resale flat in Singapore](https://financeguru.sg/wp-content/uploads/2020/07/fg-blogpost.jpg) - [Posted On August 3, 2020](https://financeguru.sg/2020/08/03/) [Facebook]() [Twitter]() [Instagram]() - [Home Loans](https://financeguru.sg/category/home-loans/) ## 10-step guide to purchasing an HDB resale flat in Singapore ![Images of a resale flat in Singapore](https://financeguru.sg/wp-content/uploads/2020/07/fg-blogpost.jpg) - [Posted On August 3, 2020](https://financeguru.sg/2020/08/03/) Buying a home is an essential commitment that holds great significance. It’s a financial milestone in life. It’s exciting, exuberating and perhaps even electrifying. Yet, the reality is that the purchasing process may not be as simple as you think. Here’s our straightforward 10-step guide to help you on your journey to buying an HDB resale flat. ## Step 1: Register your Intent to Buy Start your journey off by registering an Intent to Buy. Log into the [HDB Resale Portal](https://services2.hdb.gov.sg/webapp/BB31AWDashboardWeb/BB31PLogin.jsp) with your SingPass. This allows HDB to evaluate your eligibility to buy an HDB resale flat. To be eligible, the applicant(s) will need to meet the following criteria: - Be eligible to purchase resale flat under [any one of these schemes](https://www.hdb.gov.sg/residential/buying-a-flat/resale/eligibility): - Public Scheme - Fiancé/Fiancée Scheme - Single Singaporean Citizen Scheme - Joint Singles Scheme - Non-citizen Spouse Scheme - Orphans Scheme - Conversion Scheme - Comply with the [Ethnic Integration Policy (EIP)](https://www.gov.sg/article/hdbs-ethnic-integration-policy-why-it-still-matters) at the time of submitting Resale Application If you’re purchasing a flat with other applicants like your family or partner, note that only one of you needs to register. Your registered Intent to Buy will be valid for only 12 months. You’ll have to re-apply again when it expires. ## Step 2: Get an Approval in Principle (AIP) Next, get an AIP with a bank. An AIP is a negotiated arrangement that states the bank’s commitment to extend you a home loan when you intend to buy a house. The agreement will be valid for 30 days (varies among banks). Getting the AIP helps you nail down your budget. For instance, you could have an AIP of \$300,000 extended to you, and based on the [loan-to-value limit of 75%](https://www.mas.gov.sg/regulation/explainers/new-housing-loans/loan-tenure-and-loan-to-value-limits); you can probably get a resale property of \$400,000. ## Step 3: Go house shopping ![Woman sitting on a couch and searching for a resale flat in Singapore through her laptop](https://www.financeguru.sg/wp-content/uploads/2020/08/steps-hdb-property-resale-shopping-1024x683.jpg) Once you have your budget, start shopping for your dream home online. You can find property listings from [various property portals.](https://www.theweddingvowsg.com/property-websites-singapore-home/) You can even do it the old-school way — flipping through property ads in the newspapers! Found some listings that fit within your budget? Arrange for a viewing\! Alternatively, you may also choose to engage a property agent to help you find the right property. ## Step 4: Choose between an HDB loan or a bank loan Your next big step is to decide on how you want to finance your property purchase. There are 2 ways: \| HDB loan \| Bank loan \| \|---\|---\| \| Need a valid [HDB Loan Eligibility (HLE)](https://services2.hdb.gov.sg/webapp/BP27AWHLEApplication/BP27SHome) letter before you can get an OTP from the seller \| Need a valid [Letter of Offer (LO)](https://www.financeguru.sg/bank-jargons-for-offer-letter-made-easy/) before you can exercise the OTP. \| \| Interest rate pegged to CPF OA interest rate +0.1% \| Choose between fixed and floating rates \| \| Loan up to 90% of the remaining lease \| Loan up to 75% \| [Find out the differences between an HDB loan and bank loan here.](https://www.financeguru.sg/different-types-of-mortgage-rates/) ## Step 5: Get an Option to Purchase (OTP) After you’ve settled on your choice of loan, negotiate with the seller on the right price for the property. Upon reaching an agreement, you can make an offer, and the seller will extend to you an [Option to Purchase (OTP)](https://www.hdb.gov.sg/cs/infoweb/residential/selling-a-flat/procedures/option-to-purchase). The OTP is a legally binding contract between you and the seller. It guarantees your right to purchase the flat at the agreed price. The OTP disallows the seller to sell the property for the next 21 days. Also, you’ll need to pay the option fee ranging from \$1 to \$1,000. This option fee lets you put in your ‘reservation’ for the flat. Once you’ve paid the option fee, you’re obliged to exercise your OTP within 21 days, or else the option fee will be forfeited. After 21 days, the seller is free to sell the flat if there is no action from you. ## Step 6: Submit a Request For Value to HDB You’ll need to submit a request for the value of the flat you’re buying on the [HDB Resale Portal.](https://services2.hdb.gov.sg/webapp/BB31AWDashboardWeb/BB31PLogin.jsp) Do this one day after the Option Date on your OTP. The valuation process will take around 5 to 7 working days. Upon receiving the valuation report, you will need to submit it to the bank to complete the loan application so the letter of offer can be prepared. ## Step 7: Exercise the OTP Once the valuation report is out, the next step is to sign on the OTP. Do note that you need to have the bank’s letter of offer or HLE approval prior to exercising the OTP, and paying the balance of the option exercise fee. ## Step 8: Pay fees and the submit flat application to HDB Leading up to the completion, you’ll have to make payments for fees such as [Buyer’s Stamp Duty (BSD)](https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Buying-or-Acquiring-Property/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property/Buyer-s-Stamp-Duty--BSD-/), [Additional Buyer’s Stamp Duty (ABSD)](https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Buying-or-Acquiring-Property/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property/Additional-Buyer-s-Stamp-Duty--ABSD-/), and other legal fees if applicable. In addition, both you and the seller will have to submit the respective parts of the resale application to HDB. Once either party submitted their portion, the other party will need to send the corresponding portion within 7 days. If not, the application will expire, and you’ll need to re-apply with HDB. ## Step 9: Wait for HDB approval Once you and the seller have submitted the resale application, HDB will process it. You may check the application progress on the HDB Resale Portal. If everything is in order, HDB will inform both of you by SMS or email within 10 working days. The transaction will be completed 8 weeks after the approval, and both parties will need to endorse all the documents and settle all the necessary fees within that time frame. ## Step 10: Completion of Resale After everything has been granted (including the API), HDB will arrange for a Resale Completion Appointment. Both you and the seller will need to be physically present to complete the resale transaction at the HDB Hub. ![Key in the main door lock of a resale flat in Singapore](https://www.financeguru.sg/wp-content/uploads/2020/08/steps-hdb-property-resale-home-key-1024x683.jpg) We hope that this guide has served you well. If you want to know more about the nitty-gritty details involved in purchasing an HDB resale flat that we’ve not included here, [feel free to contact us for a chat.](https://www.financeguru.sg/contact/) [Read our guide on purchasing a resale private property here.](https://www.financeguru.sg/10-step-guide-to-purchasing-a-resale-private-property/) [Read our guide on buying a private BUC here.](https://www.financeguru.sg/10-step-guide-to-purchase-a-private-buc/) [![free home loan advice from singapore mortgage broker](https://www.financeguru.sg/wp-content/uploads/2021/06/Blog-CTA-banner-1024x187.png)](https://newslettercampaign.financeguru.sg/) Have some mortgage questions? Here at FinanceGuru, we seek to help you better prepare for your finances and the upcoming milestones in your life. [Get a non-obligatory assessment and loan product recommendations here.](https://newslettercampaign.financeguru.sg/) ![Home loan](https://financeguru.sg/wp-content/uploads/2020/07/fb-ads.png) #### Related articles [![Image of a two-storey landed property in Singapore](https://financeguru.sg/wp-content/uploads/2022/05/private-landed-property-guide-buying-landed-300x203.jpg)](https://financeguru.sg/private-landed-property-guide-buying-landed-property-note/) #### [Private and Landed Property Guide in Singapore: 5 things to take note of when buying a landed property](https://financeguru.sg/private-landed-property-guide-buying-landed-property-note/) May 20, 2022 [![Feature image of private and landed properties in Singapore](https://financeguru.sg/wp-content/uploads/2022/05/private-landed-house-singapore-feature-image-300x213.jpg)](https://financeguru.sg/types-private-landed-properties-singapore/) #### [Private and Landed Property Guide in Singapore: 6 types of private and landed properties](https://financeguru.sg/types-private-landed-properties-singapore/) May 13, 2022 [![Image of an expat family in their Singapore home](https://financeguru.sg/wp-content/uploads/2022/05/foreigners-buy-property-singapore-expat-family-home-loan-300x200.jpg)](https://financeguru.sg/private-landed-property-singapore-buying-foreigner/) #### [Private and Landed Property Guide in Singapore 2022: Buying property as a foreigner](https://financeguru.sg/private-landed-property-singapore-buying-foreigner/) May 6, 2022 [![feature image of wooden block spelling credit](https://financeguru.sg/wp-content/uploads/2022/04/feature-image-credit-score-singapore-300x169.jpg)](https://financeguru.sg/does-credit-history-matter-apply-home-loan-singapore/) #### [Does credit history matter when you apply for a home loan in Singapore?](https://financeguru.sg/does-credit-history-matter-apply-home-loan-singapore/) April 29, 2022 ### Rated ⭐⭐⭐⭐⭐ by our customers\! ### Get a free no-obligation assessment today\! ### Get a free no-obligation assessment today\! ![logo-white](https://financeguru.sg/wp-content/uploads/elementor/thumbs/logo-white-p7fypxma3pw545ad2dxoopd9r24lsdu0vjrqywcezy.png) To maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons. ![logo-white](https://financeguru.sg/wp-content/uploads/elementor/thumbs/logo-white-p7fypxma3pw545ad2dxoopd9r24lsdu0vjrqywcezy.png) To maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons. ![logo-white](https://financeguru.sg/wp-content/uploads/elementor/thumbs/logo-white-p7fypxma3pw545ad2dxoopd9r24lsdu0vjrqywcezy.png) To maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons. #### ABOUT - [Company](https://www.financeguru.sg/about/) - [FAQ](https://www.financeguru.sg/faq/) - [Blog](https://www.financeguru.sg/blog/) - [PDPA](https://www.financeguru.sg/pdpa/) ## SERVICES - [Home Loans](https://www.financeguru.sg/home-loans/) ## CONTACT US - [Office@financeguru.sg](mailto:office@financeguru.sg) - [\+65 98 90 90 90](tel:+6598909090) ## LOCATION - 12 Arumugam Road, \#02-02B LTC Building, Suite B, S409958 #### ABOUT - [Company](https://www.financeguru.sg/about/) - [FAQ](https://www.financeguru.sg/faq/) - [Blog](https://www.financeguru.sg/blog/) - [PDPA](https://www.financeguru.sg/pdpa/) ## SERVICES - [Home Loans](https://www.financeguru.sg/home-loans/) ## CONTACT US - [Office@financeguru.sg](mailto:office@financeguru.sg) - [\+65 9890 9090](tel:+6598909090) ##### FOLLOW US [Facebook-f](https://www.facebook.com/financegurusg/) [Instagram](https://www.instagram.com/financegurusg/) [Linkedin](https://www.linkedin.com/company/financeguru) ## LOCATION - 12 Arumugam Road, \#02-02B LTC Building, Suite B, S409958 ##### FOLLOW US [Facebook-f](https://www.facebook.com/financegurusg) [Instagram](https://www.instagram.com/financegurusg/) [Linkedin](https://www.linkedin.com/company/financeguru) - [HOME](https://www.financeguru.sg/) - [ABOUT](https://www.financeguru.sg/about/) - [BLOG](https://www.financeguru.sg/blog/) - [CONTACT](https://www.financeguru.sg/contact/) 2024 © FinanceGuru. All rights reserved 2024 © FinanceGuru. All rights reserved Open chaty Hide chaty
Readable Markdown	Buying a home is an essential commitment that holds great significance. It’s a financial milestone in life. It’s exciting, exuberating and perhaps even electrifying. Yet, the reality is that the purchasing process may not be as simple as you think. Here’s our straightforward 10-step guide to help you on your journey to buying an HDB resale flat. ## Step 1: Register your Intent to Buy Start your journey off by registering an Intent to Buy. Log into the [HDB Resale Portal](https://services2.hdb.gov.sg/webapp/BB31AWDashboardWeb/BB31PLogin.jsp) with your SingPass. This allows HDB to evaluate your eligibility to buy an HDB resale flat. To be eligible, the applicant(s) will need to meet the following criteria: - Be eligible to purchase resale flat under [any one of these schemes](https://www.hdb.gov.sg/residential/buying-a-flat/resale/eligibility): - Public Scheme - Fiancé/Fiancée Scheme - Single Singaporean Citizen Scheme - Joint Singles Scheme - Non-citizen Spouse Scheme - Orphans Scheme - Conversion Scheme - Comply with the [Ethnic Integration Policy (EIP)](https://www.gov.sg/article/hdbs-ethnic-integration-policy-why-it-still-matters) at the time of submitting Resale Application If you’re purchasing a flat with other applicants like your family or partner, note that only one of you needs to register. Your registered Intent to Buy will be valid for only 12 months. You’ll have to re-apply again when it expires. ## Step 2: Get an Approval in Principle (AIP) Next, get an AIP with a bank. An AIP is a negotiated arrangement that states the bank’s commitment to extend you a home loan when you intend to buy a house. The agreement will be valid for 30 days (varies among banks). Getting the AIP helps you nail down your budget. For instance, you could have an AIP of \$300,000 extended to you, and based on the [loan-to-value limit of 75%](https://www.mas.gov.sg/regulation/explainers/new-housing-loans/loan-tenure-and-loan-to-value-limits); you can probably get a resale property of \$400,000. ![Woman sitting on a couch and searching for a resale flat in Singapore through her laptop](https://www.financeguru.sg/wp-content/uploads/2020/08/steps-hdb-property-resale-shopping-1024x683.jpg) Once you have your budget, start shopping for your dream home online. You can find property listings from [various property portals.](https://www.theweddingvowsg.com/property-websites-singapore-home/) You can even do it the old-school way — flipping through property ads in the newspapers! Found some listings that fit within your budget? Arrange for a viewing\! Alternatively, you may also choose to engage a property agent to help you find the right property. ## Step 4: Choose between an HDB loan or a bank loan Your next big step is to decide on how you want to finance your property purchase. There are 2 ways: \| HDB loan \| Bank loan \| \|---\|---\| \| Need a valid [HDB Loan Eligibility (HLE)](https://services2.hdb.gov.sg/webapp/BP27AWHLEApplication/BP27SHome) letter before you can get an OTP from the seller \| Need a valid [Letter of Offer (LO)](https://www.financeguru.sg/bank-jargons-for-offer-letter-made-easy/) before you can exercise the OTP. \| \| Interest rate pegged to CPF OA interest rate +0.1% \| Choose between fixed and floating rates \| \| Loan up to 90% of the remaining lease \| Loan up to 75% \| [Find out the differences between an HDB loan and bank loan here.](https://www.financeguru.sg/different-types-of-mortgage-rates/) ## Step 5: Get an Option to Purchase (OTP) After you’ve settled on your choice of loan, negotiate with the seller on the right price for the property. Upon reaching an agreement, you can make an offer, and the seller will extend to you an [Option to Purchase (OTP)](https://www.hdb.gov.sg/cs/infoweb/residential/selling-a-flat/procedures/option-to-purchase). The OTP is a legally binding contract between you and the seller. It guarantees your right to purchase the flat at the agreed price. The OTP disallows the seller to sell the property for the next 21 days. Also, you’ll need to pay the option fee ranging from \$1 to \$1,000. This option fee lets you put in your ‘reservation’ for the flat. Once you’ve paid the option fee, you’re obliged to exercise your OTP within 21 days, or else the option fee will be forfeited. After 21 days, the seller is free to sell the flat if there is no action from you. ## Step 6: Submit a Request For Value to HDB You’ll need to submit a request for the value of the flat you’re buying on the [HDB Resale Portal.](https://services2.hdb.gov.sg/webapp/BB31AWDashboardWeb/BB31PLogin.jsp) Do this one day after the Option Date on your OTP. The valuation process will take around 5 to 7 working days. Upon receiving the valuation report, you will need to submit it to the bank to complete the loan application so the letter of offer can be prepared. ## Step 7: Exercise the OTP Once the valuation report is out, the next step is to sign on the OTP. Do note that you need to have the bank’s letter of offer or HLE approval prior to exercising the OTP, and paying the balance of the option exercise fee. ## Step 8: Pay fees and the submit flat application to HDB Leading up to the completion, you’ll have to make payments for fees such as [Buyer’s Stamp Duty (BSD)](https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Buying-or-Acquiring-Property/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property/Buyer-s-Stamp-Duty--BSD-/), [Additional Buyer’s Stamp Duty (ABSD)](https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Buying-or-Acquiring-Property/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property/Additional-Buyer-s-Stamp-Duty--ABSD-/), and other legal fees if applicable. In addition, both you and the seller will have to submit the respective parts of the resale application to HDB. Once either party submitted their portion, the other party will need to send the corresponding portion within 7 days. If not, the application will expire, and you’ll need to re-apply with HDB. ## Step 9: Wait for HDB approval Once you and the seller have submitted the resale application, HDB will process it. You may check the application progress on the HDB Resale Portal. If everything is in order, HDB will inform both of you by SMS or email within 10 working days. The transaction will be completed 8 weeks after the approval, and both parties will need to endorse all the documents and settle all the necessary fees within that time frame. ## Step 10: Completion of Resale After everything has been granted (including the API), HDB will arrange for a Resale Completion Appointment. Both you and the seller will need to be physically present to complete the resale transaction at the HDB Hub. ![Key in the main door lock of a resale flat in Singapore](https://www.financeguru.sg/wp-content/uploads/2020/08/steps-hdb-property-resale-home-key-1024x683.jpg) We hope that this guide has served you well. If you want to know more about the nitty-gritty details involved in purchasing an HDB resale flat that we’ve not included here, [feel free to contact us for a chat.](https://www.financeguru.sg/contact/) [Read our guide on purchasing a resale private property here.](https://www.financeguru.sg/10-step-guide-to-purchasing-a-resale-private-property/) [Read our guide on buying a private BUC here.](https://www.financeguru.sg/10-step-guide-to-purchase-a-private-buc/) [![free home loan advice from singapore mortgage broker](https://www.financeguru.sg/wp-content/uploads/2021/06/Blog-CTA-banner-1024x187.png)](https://newslettercampaign.financeguru.sg/) Have some mortgage questions? Here at FinanceGuru, we seek to help you better prepare for your finances and the upcoming milestones in your life. [Get a non-obligatory assessment and loan product recommendations here.](https://newslettercampaign.financeguru.sg/)
Shard	173 (laksa)
Root Hash	16208805942490666173
Unparsed URL	sg,financeguru!/10-step-guide-to-purchasing-an-hdb-resale-flat/ s443