The HDB marketing course of action commences with the seller registering an "Intent to Market" within the HDB Flat Portal, which offers an eligibility check, EIP/SPR quota with the block, and up to date transaction rates for close by flats. This intent is valid for twelve months. After a 7-working day cooling-off period, the vendor can grant a choice to invest in (OTP) to your buyer for an alternative payment of S£1 to S$1,000, which is legitimate for 21 times. The seller and consumer then submit their respective portions of the resale application to the HDB portal, having to pay an administrative cost of S$40 website for one- and 2-place flats or S£80 for 3-place and larger flats. HDB will then confirm the files, and acceptance is typically granted within just two weeks In spite of everything documents are endorsed on the web. The entire approach culminates inside of a resale completion appointment, commonly about 8 months following HDB accepts the resale application, wherever keys are handed more than and remaining legal paperwork are signed. All through the process, sellers need to refund all CPF cash employed for the acquisition, including accrued interest, and pay off any fantastic housing financial loans with the sale proceeds.