The technique for getting a resale HDB flat in Singapore is really a multi-stage method that usually spans numerous months. The Original and most crucial move is to get a sound HDB Flat Eligibility (HFE) letter, which determines the customer's eligibility for your flat order, housing grants, in addition to a housing bank loan. After securing the HFE letter, the client queries for a flat and requests a choice to acquire (OTP) from the seller, that's then exercised in just 21 days. Subsequently, the buyer have to post their resale application to HDB, together with all necessary documents. HDB will then value the flat and routine a first appointment for each parties. The procedure culminates in the completion in the transaction, in which the buyer and vendor satisfy on the HDB Hub to signal the ultimate paperwork and receive the keys. Your complete course of action, from read more acquiring the HFE letter to the ultimate completion, normally will take about three to 5 months.