The HDB marketing process commences with the seller registering an "Intent to Provide" to the HDB Flat Portal, which gives an eligibility Verify, EIP/SPR quota with the block, and up to date transaction charges for close by flats. This intent is legitimate for twelve months. Following a seven-working day cooling-off interval, the vendor can grant a choice to acquire (OTP) to a purchaser for a choice cost of S£1 to S£1,000, that is valid for 21 times. The vendor and customer then post their respective portions of the resale software to the HDB portal, paying an administrative charge of S£forty for 1- and 2-space flats or S£eighty for 3-room and larger flats. HDB will then verify the files, and approval is often granted in two weeks All things considered documents are endorsed online. The entire course of action culminates in the resale completion appointment, typically about 8 months soon after HDB accepts the resale application, where keys are handed around and remaining authorized files are signed. During the check here method, sellers should refund all CPF cash employed for the purchase, like accrued fascination, and pay off any exceptional housing loans from your sale proceeds.