The HDB promoting procedure begins with the vendor registering an "Intent to Offer" to the HDB Flat Portal, which supplies an eligibility Examine, EIP/SPR quota for the block, and up to date transaction charges for nearby flats. This intent is legitimate for 12 months. Following a 7-working day cooling-off period, the vendor can grant a choice to invest in (OTP) into a buyer for an alternative payment of S£1 to S$1,000, which is legitimate for 21 times. The seller and customer then submit their respective portions of the resale application about the HDB portal, paying an administrative cost of S$40 for one- and a couple of-area flats or S£80 for 3-place and bigger flats. HDB will then verify the paperwork, and acceptance is typically granted within just more info two months In spite of everything documents are endorsed on the web. The entire approach culminates in a resale completion appointment, typically about 8 months after HDB accepts the resale application, the place keys are handed over and remaining legal documents are signed. Through the procedure, sellers should refund all CPF money employed for the acquisition, together with accrued interest, and pay off any exceptional housing loans through the sale proceeds.