The process for getting a resale HDB flat in Singapore is a multi-action method that ordinarily spans numerous months. The First and most crucial action is to acquire a legitimate HDB Flat Eligibility (HFE) letter, which decides the client's eligibility for that flat order, housing grants, along with a housing bank loan. Immediately after securing the HFE letter, the client searches to get click here a flat and requests an Option to Purchase (OTP) from the vendor, which is then exercised in 21 days. Subsequently, the customer ought to submit their resale software to HDB, including all necessary paperwork. HDB will then worth the flat and schedule a primary appointment for equally parties. The process culminates during the completion of your transaction, wherever the buyer and vendor satisfy at the HDB Hub to sign the ultimate paperwork and receive the keys. All the approach, from getting the HFE letter to the ultimate completion, normally requires about 3 to 5 months.