Sale of HDB flats
Chapter 4.4
Learning Objectives:
Describe the role of HDB and the public housing policies in Singapore, including key features of the Housing and Development Act 1959 (H&D Act) Part 4 for sale of flats, houses or other buildings.
Describe the options available for public housing and explain their characteristics.
Describe the allocation policies, including the different priority schemes, for the purchase of new HDB flats, and new Executive Condominiums (ECs) from developers.
Provide advice on the eligibility conditions for a first-timer and secondtimer applicant buying a new HDB flat, or EC; and for those buying an HDB studio apartment.
Determine the buyer’s eligibility to buy an HDB resale flat/DBSS flat/EC and the scheme he is eligible for.
Determine the seller’s eligibility to sell an HDB flat/DBSS flat/EC in the open market.
Examine and comply with the Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) quota, where applicable.
Complete the resale checklist for buyer or seller and comply with the procedure for entering into a binding contract using the OTP, including the cooling-off period for seller, the prescribed option fee and deposit, and the option period.
Provide advice to buyer and seller on the resale application transaction according to HDB’s resale process, the requirements on its timeframe, and the information to be provided.
Demonstrate the knowledge to complete the resale transaction using HDB e-Services on HDB Flat Portal.
Explain S58 of the H&D Act against pledging an HDB flat as security or collateral for any debt.
Describe the policy and proceduresrelating to buying and selling of HDB flats.
Explain the concept and key features of HDB’s Prime and Plus flats.
Differentiate between HDB’s Prime, Plus and Standard flats, including the resale restrictions.