21 Oct '17, 7am

Faster HDB resale process by 2018

The Housing Board announced on Thursday (19 October) that it plans to launch a new website that will significantly expedite the selling and buying of HDB resale flats. At present, an HDB resale transaction usually takes about 16 weeks to complete, where both parties need to fulfil two appointments with the Housing Board. The first appointment evaluates the buyers’ financial plan and determines the seller’s sale proceeds, while the second appointment is where both parties sign the documents to complete the deal. Before the first appointment, the seller and the buyer must also complete an online resale checklist to verify their eligibility to buy and sell before the deal can proceed. However, with the new HDB Resale Portal that will go live on 1 January 2018, the entire resale process will be shortened to just eight weeks. Both parties would only need to set one appointment ...

Full article: https://www.propertyguru.com.sg/property-management-news/...

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