The HDB advertising approach begins with the vendor registering an "Intent to Promote" around the HDB Flat Portal, which presents an eligibility Check out, EIP/SPR quota for the block, and recent transaction prices for nearby flats. This intent is valid for 12 months. After a 7-day cooling-off period of time, the vendor can grant a possibility to Purchase (OTP) into a consumer for a possibility payment of S$1 to S$1,000, and that is legitimate for 21 times. The seller and customer then submit their respective areas of the resale software around the HDB portal, having to pay an administrative rate of S$40 for 1- and 2-room flats or S$eighty for 3-area and bigger flats. HDB will then validate the documents, and acceptance is often granted inside two weeks All things considered documents are endorsed online. Your complete procedure culminates in the resale completion appointment, usually about eight months after HDB accepts the resale software, where by keys are handed get more info around and remaining lawful paperwork are signed. All through the procedure, sellers must refund all CPF resources employed for the acquisition, which include accrued fascination, and repay any remarkable housing loans from your sale proceeds.