Which unit just sold, sold at what price? B buy from A (B's seller) and sell to C (B's buyer). Either put at the corridor or they come in to the house to remove. If you do not wish to receive further reminders, please login to the HDB Resale Portal and delete the Intent. stay after completion. Log in to the HDB Resale Portal via your Singpass to register your “intent … If yes, do you know how to do contra? HDB resale transaction time to be halved to 8 weeks from 2018, Singapore News & Top Stories - The Straits Times HDB resale transaction time to be … Do you know how to use the Resale Portal to submit Resale Application? but can use the cash Sales Proceeds or Cash out of pocket. If Seller is oversea, agent can help to arrange HDB Town Council to remove all the items in the flat. Once you have prepared the documents, you may retrieve your draft and complete the application for submission. Buying a new flat Check on the following: Eligibility to buy; Eligibility for housing loan from HDB or Financial Institutions; Finances; Application period. You have dedicated your entire life to the building of the nation. - With the Case Number and one Client (Buyer or Seller) NRIC number, the Agent can call (1800-8663066) find out the completion date and time. (Give one month exclusive to test or after one month of non exclusive, choose an exclusive agent). PURCHASE OF RECESS AREA. Agents are required to make a statutory declaration in the prescribed Agent Statutory Declaration form in the presence of a Commissioner for Oaths at the HDB Resale Office and submit it to HDB at the completion appointment. Buyers who are unable to do the payment in the HDB Resale Portal can print the payment advice and make the payment at HDB Hub, Toa Payoh, within 3 days of the notice to pay. - The contra party (B) can Only use HDB conveyancing lawyers, cannot use any private lawyers. resale completion. Do you know whether to have OTP first to exercise first or to have loan approval first? You can then submit the OTP to HDB to request for a valuation. You will first need to pay an option fee of an amount not exceeding $1,000. You can negotiate on the spot and pay them extra to remove all. - OR within the 21 days of Option period. Do you know how much is your Cash Proceeds after selling your house. The resale levy maintains a fair allocation of public housing subsidies between first-timers and second-timers by reducing the subsidy enjoyed for the second HDB flat or EC. Day 25 – 38: HDB sends acknowledgement if there are no problems. You have changed Singapore from a village into a metropolis first work nation city. - Remaining lease of flat and youngest age of buyer cannot must be more than 95. Hi Anonymous, thanks for writing to us on AskGuru. If you and your spouse are aged 55 and above, have sold your first subsidised flat before 3 March 2006 and right-size to a new 3-room or smaller flat from the November 2015 sales launch onwards, you will pay only the percentage graded resale levy, with the interest waived. HDB. After receiving the results of the valuation, you’ll need to pay an option … the OTP, - Date of LO MUST be before the date of Exercising the OTP, - Send a copy of the OTP (not exercised yet) to the banks, . Focusing on nurturing a strong family and community spirit, public housing policies and schemes are formulated to meet changing needs and aspirations. 1. Pay the Option Exercise Fee. If you wish to get a resale instead, assuming a $1,000,000 private resale condo, and again 0% bank interest rate, this is how your payment schedule will … Not only had we survived under your leadership. Payment; Day 1: Present Offer to Purchase in exchange for an Option: 1% Booking … - Name of Law firm - Correspondence Address - Email - Contact, (a) buying a resale flat bigger than 5-room or a 3Gen-flat, or, Do the buyer(s) agree with any request made by the seller(s) to continue staying in the flat, the resale completion date? Loan?). During that time, you’ll have to move out so that the buyer can conduct their final inspection before the handover. C. During the 21 days, submit valuation to hdb. from HDB Resale (Generally about 7 weeks from Resale Submission. Rest in Peace. 5. (Only Contra Party can extend if there are 3 parties. Please ignore this email if you have already submitted the resale application or completed the resale transaction. - Image or pdf of the 1st page of OTP will do, - Only detail of 1 seller will do (esp Seller Hp and email so at to be notified), After valuation request, Salesperson will receive the following email. Do you know of the whole Resale Process and Procedure? 2. passion. selling journey. This fixed resale levy amount gives greater certainty for financial planning, be it for upgrading to a larger flat, or right-sizing to a smaller flat. 14. The more agents sell for me, the fastest I can sell, 2. The party already done the online endorsement don't have to be presence at the Notary Public. - Only the party without SingPass to access to the Resale portal should go to the Notary Public, don't need both. 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