Thinking of buying a resale flat but not sure where to start? Here’s a 5-step guide to help you plan your resale flat purchase from the open market:

Step 1: Check if you are eligible to buy a resale flat

Before you kick-start the flat buying process, it is important to first know whether you are eligible to purchase a resale flat. You can use our Eligibility Check e-service to do a quick check.

Step 2: Work out the sums for your purchase

After you’ve confirmed that you are eligible to purchase a resale HDB flat, it’s time to do some math!

For a better gauge of the price range you are looking at, shortlist some flats and find out the transacted resale flat prices of similar flats in the vicinity. Don’t forget too to check the CPF Housing Grants available for resale flat buyers – these differ for the various application schemes.

If you intend to purchase a resale flat using a housing loan from HDB, the Resale Financial Plan will be useful as it helps calculate estimated financial outlay for the key financial components of your resale flat journey.

Step 3: Use the HDB Resale Portal to register your intent to buy

Upon completion of steps 1 and 2, you are ready to start your home-buying journey! With the HDB Resale Portal, all resale flat processes are now streamlined into a single platform, providing convenience to both buyers and sellers in transaction completion. Learn more about the HDB Resale Portal here.

Register your intent to buy a flat on the HDB Resale Portal, which will automatically retrieve and populate your particulars from the Government’s MyInfo service.

Step 4: Receive the Option to Purchase from the seller and exercise it

Once you have decided on the resale flat you would like to purchase, obtain an Option to Purchase (OTP) from the seller via the HDB Resale Portal.

After the seller has granted an OTP, a Request for Valuation will be submitted to HDB. After HDB’s valuation process is completed, both the you and the flat seller can move on to the final step, which is to…

Step 5: Submit resale application to HDB

Both flat buyer and seller will have to submit their respective portions of the resale application on the HDB Resale Portal. HDB will then contact both parties to come down to HDB Hub to attend a resale completion appointment, to endorse a number of documents.

All you have to do next is wait for the HDB appointment with the seller to get the keys to your home!

  • Chua Pei Ling

    Social media manager who wonders if she's too old to jump on the TikTok bandwagon. Mostly bingeing on the latest Netflix series or reading e-books.

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