Intent to Sell: Property in Singapore
To find out if you are eligible to sell your HDB, the first step is to register your Intent to Sell.
From 1 January 2018, resale flat buyers and sellers have to log in to the HDB Resale Portal using their SingPass to start their buying or selling journey.
The portal will guide flat sellers through the following steps:
– Register Intent to Sell
– Submit Resale Application
– Acknowledge Resale Documents
– Pay Fees (Online Payment)
– Approval of Resale
– Completion of Resale
Why do you need to register an Intent to Sell
The HDB Resale Portal is capable of confirming your eligibility to sell your flat instantaneously. Upon registration, you will also receive information about the Ethnic Integration Policy/ Singapore Permanent Resident (EIP/ SPR) Quota for your block, status of upgrading, billing of upgrading costs, and recent transacted prices of nearby flats.
The Intent to Sell replaces the Resale Checklist, which was used prior to 1 January 2018.
If there are more than one flat owners, only one of you will need to login to the HDB Resale Portal to register the Intent to Sell. Property Agents are not allowed to register the Intent to Sell on Seller’s behalf.
Your Intent to Sell is valid for 12 months. You will need to re-apply an Intent to Sell if you do not submit your resale application within 12 months.
The results generated from the Intent to Sell are based on information provided. It offers an indication of your eligibility, and does not constitute an approval by HDB. Your eligibility to sell a flat will be determined when you submit the resale application subsequently.
Please ensure that your details are accurate when registering your Intent. Your resale application will be rejected if the details submitted are different from that indicated in your Intent to Sell.
What do I do after registering an Intent to Sell?
After completing the Intent to Sell, the portal will direct you to download the OTP and compute your estimated sale proceeds. You are required to wait for the completion of the 7-day cooling-off period before granting an OTP to the buyers.