A Singaporean Guide to Purchasing A Resale HDB

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1. CHECK YOUR ELIGIBILITY

Intent To Buy - https://www.hdb.gov.sg/residential/buying-a-flat/resale/procedures/register-intent-to-buy

2. MAP YOUR FINANCES

HDB loan - HDB Loan Eligibility (HLE) Letter - https://services2.hdb.gov.sg/webapp/BP27AWHLEApplication/BP27SHome
Private bank - In-Principle Approval (IPA) - https://wa.me/6587821025

Cost to take note
a. cost of the apartment
b. furnishing costs and
c. renovation costs

A valid IPA or HLE Letter is require for prior to signing an OTP for a resale property

STEP 1: FLAT HUNTING

remaining length of the lease

location
- proximity to public transport nodes
- housing options near your parents or children (Proximity Housing Grant (PHG) 4km)

layout of the apartment

STEP 2: OBTAIN AN OTP - https://www.hdb.gov.sg/residential/buying-a-flat/resale/procedures/option-to-purchase

STEP 3: EXERCISE OTP

STEP 4: SUBMIT TO HDB FOR APPROVAL

STEP 5: PAY STAMP DUTY - https://estamping.iras.gov.sg/WebForms/Home.aspx

STEP 6: COMPLETION

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https://www.mynicehome.gov.sg/hdb-how-to/buy-your-flat/a-guide-to-buying-a-resale-hdb-flat/

https://www.mynicehome.gov.sg/wp-content/uploads/2021/04/OTP-Process-061120-488x1024-1.png