The HDB marketing system starts with the vendor registering an "Intent to Market" within the HDB Flat Portal, which offers an eligibility Look at, EIP/SPR quota to the block, and up to date transaction rates for nearby 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 rate of S£1 to S£1,000, which can be valid for 21 days. The vendor and consumer then post their respective aspects of the resale software on the HDB portal, having to pay an administrative price of S$forty for one- and a pair of-area flats or S$eighty for three-home and bigger flats. HDB will then confirm the documents, and acceptance is often granted in just two weeks In fact paperwork are endorsed on the net. Your complete system culminates in a resale completion appointment, usually about eight months immediately after HDB accepts the resale application, where keys are handed around and remaining legal files are signed. During the procedure, sellers have to refund all CPF funds employed for the acquisition, which includes accrued desire, and pay off any remarkable housing financial loans through hdb selling process 170 28 the sale proceeds.