{"id":82472,"date":"2018-03-12T12:06:16","date_gmt":"2018-03-12T05:06:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/2000-home-owners-given-approval-to-sell-their-flats-hdb\/"},"modified":"2018-03-12T13:02:55","modified_gmt":"2018-03-12T06:02:55","slug":"2000-home-owners-given-approval-to-sell-their-flats-hdb","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2000-home-owners-given-approval-to-sell-their-flats-hdb\/","title":{"rendered":"2,000 home owners given approval to sell their flats, HDB"},"content":{"rendered":"


\nWith the launch of the Housing and Development Board\u2019s (HDB) resale portal in January, about 2,000 flat owners have received approval to sell their housing units, reported Channel News Asia.
\nStreamlining the buying and selling of public housing units, the new portal aims to reduce the transaction time by half, from 16 weeks to just eight weeks.
\nSince its launch, all flat buyers and sellers were required to submit their resale applications via the portal using their SingPass. Once their intent to purchase or sell a flat is registered, their personal details will be automatically filled up using the government\u2019s MyInfo service.
\nAside from filtering out who is eligible to buy or sell, the portal also allows buyers to see if they are eligible for a housing loan as well as an HDB concessionary housing loan. Those who intend to take up an HDB housing loan can apply for an HDB Loan Eligibility Letter via the portal.
\nThe portal can also be used by buyers to ask HDB to confirm the flat\u2019s value in order to determine their Central Provident Fund (CPF) usage and housing loan. A processing fee of S$120 is payable to HDB.
\nFlat sellers and buyers will complete their resale applications through the portal upon the exercise of the Option to Purchase. HDB will then verify the information provided in the resale application and supporting documents it had received while notifying the buyers and sellers via email or SMS. The application\u2019s status will also be updated via the portal.
\nOnce it had approved the application, HDB will set up an appointment for both parties to complete the transaction as well as to sign relevant documents which require \u201cwet ink\u201d signatures.
\n\u201cI think it\u2019s quite easy to understand \u2026 (if) you have all the documents ready, then it will facilitate the whole process,\u201d said Chea Onn Long, who along with his wife Mandy Chan, had benefited from the streamlined process.<\/p>\n

Christopher Chitty, Senior Content Producer at PropertyGuru, edited this story
\n
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…2,000 home owners given approval to sell their flats, HDB<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With the launch of the Housing and Development Board\u2019s (HDB) resale portal in January, about...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-82472","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-lsc","jetpack-related-posts":[{"id":69538,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/faster-hdb-resale-process-by-2018\/","url_meta":{"origin":82472,"position":0},"title":"Faster HDB resale process by 2018","date":"October 20, 2017","format":false,"excerpt":"\r The Housing Board announced on Thursday (19 October) that they plan to launch a new website that will significantly expedite the selling and buying of HDB resale flats. At present, an HDB resale transaction usually takes about 16 weeks to complete, where both parties need to fulfil two appointments\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120018,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-one-stop-portal-for-home-buyers-sellers\/","url_meta":{"origin":82472,"position":1},"title":"HDB launches one-stop portal for home buyers, sellers","date":"January 14, 2021","format":false,"excerpt":"\r HDB launches one-stop portal for home buyers, sellersAmong the portal\u2019s features include a customised financial calculators that will help buyers estimate their housing budget as well as help sellers estimate their sales proceeds. The Housing and Development Board (HDB) has launched a new one-stop portal that will further simplify\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/HDB-Toa-Payoh-Office-Google-Maps.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":70127,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-october-2017\/","url_meta":{"origin":82472,"position":2},"title":"News Roundup (October 2017)","date":"October 26, 2017","format":false,"excerpt":"\r Our top Singapore property stories. Faster and easier HDB resale process by 2018 The Housing Board plans to launch a new website that will significantly expedite the selling and buying of HDB resale flats. At present, an HDB resale transaction usually takes about 16 weeks to complete, where both\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/10\/Housing-precincts.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":93025,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-1-govt-to-offer-bto-flats-in-punggol-and-yishun\/","url_meta":{"origin":82472,"position":3},"title":"HDB resale prices up 0.1%, govt to offer BTO flats in Punggol and Yishun","date":"July 3, 2018","format":false,"excerpt":"\r Demand for HDB resale flats is stronger due to interest from displaced en bloc owners and positive sentiment in the private residential market.\u00a0 Prices of HDB resale flats edged up 0.1 percent in Q2 2018 on a quarterly basis, according to flash estimates released by the Housing Board on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122996,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/incomes-have-kept-pace-with-prices-of-new-hdb-units-resale-flats\/","url_meta":{"origin":82472,"position":4},"title":"Incomes have kept pace with prices of new HDB units, resale flats","date":"November 3, 2021","format":false,"excerpt":"\r HDB subsidies for new and resale flats keep public housing affordable; among resale flat buyers who have taken\u00a0up an HDB loan, the mortgage servicing ratio\u00a0has remained stable at 23%. New Housing and Development Board (HDB) units and resale flats continue to remain affordable as incomes of Singaporeans have generally\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/Colour-Scheme-HDB-e1479092279776.original.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":72659,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/temporary-blip-in-hdb-resale-transactions-dwindling-first-timer-demand\/","url_meta":{"origin":82472,"position":5},"title":"Temporary blip in HDB resale transactions, dwindling first-timer demand","date":"November 23, 2017","format":false,"excerpt":"\r View of HDB flats in the Ghim Moh area. (Photo: Chen Siyuan: Wikimedia Commons) The latest data showed a 0.7 percent drop in HDB resale prices in Q3 as compared to the previous quarter. We investigate some reasons for this. By Hock Meng Tay The latest HDB resale data\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/11\/GuruView-1024x281.png?fit=1024%2C281&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82472"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=82472"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82472\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=82472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=82472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=82472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}