The HDB marketing process commences with the seller registering an "Intent to Provide" to the HDB Flat Portal, which supplies an eligibility Verify, EIP/SPR quota with the block, and recent transaction charges for close by flats. This intent is legitimate for twelve months. Following a seven-working day cooling-off period, the seller can grant a choice to invest in (OTP) to some purchaser for an alternative fee of S$1 to S£1,000, which can be valid for 21 days. The seller and buyer then post their respective parts of the resale application around the HDB portal, spending an administrative cost of S£40 for one- and a pair of-room flats or S£eighty for 3-area and bigger flats. HDB will then verify the paperwork, and acceptance is typically granted within just two weeks In spite of everything documents are endorsed on the net. The whole course of action culminates inside a resale completion appointment, normally about 8 months following HDB accepts the resale application, where by keys are handed above and remaining authorized click here paperwork are signed. During the process, sellers have to refund all CPF cash useful for the acquisition, such as accrued curiosity, and repay any remarkable housing financial loans within the sale proceeds.