The HDB providing process begins with the vendor registering an "Intent to Offer" to the HDB Flat Portal, which supplies an eligibility Examine, EIP/SPR quota for your block, and up to date transaction selling prices for nearby flats. This intent is legitimate for 12 months. Following a 7-working day cooling-off period of time, the seller can grant an alternative to get (OTP) to a customer for a choice rate of S£1 to S$1,000, and that is valid for 21 times. The seller and customer then post their respective portions of the resale software about the HDB portal, paying an administrative cost of S$40 for one- and 2-place flats or S£80 for three-home and larger flats. HDB will then confirm the files, and approval is usually granted within two weeks In the end paperwork are endorsed online. All the process culminates in the resale completion appointment, usually about eight weeks immediately after HDB accepts the check here resale application, in which keys are handed about and remaining lawful documents are signed. For the duration of the procedure, sellers must refund all CPF money employed for the acquisition, including accrued interest, and pay off any fantastic housing financial loans within the sale proceeds.