The treatment for purchasing a resale HDB flat in Singapore is really a multi-phase approach that commonly spans quite a few months. The Original and most important move is to acquire a legitimate HDB Flat Eligibility (HFE) letter, which determines the buyer's eligibility for the flat purchase, housing grants, along with a housing loan. After securing the HFE letter, the customer queries for any flat and requests an Option to Purchase (OTP) from the vendor, that's then exercised inside of 21 times. Subsequently, the client need to post their resale application to HDB, together with all important documents. HDB will then benefit the flat and timetable a primary appointment for the two get-togethers. The process get more info culminates during the completion on the transaction, exactly where the client and vendor meet for the HDB Hub to sign the final files and acquire the keys. Your entire process, from acquiring the HFE letter to the final completion, ordinarily requires about 3 to 5 months.