The treatment for buying a resale HDB flat in Singapore is actually a multi-step course of action that generally spans a number of months. The First and most important step is to obtain a valid HDB Flat Eligibility (HFE) letter, which determines the buyer's eligibility to the flat order, housing grants, plus a housing personal loan. Following securing the HFE letter, the buyer searches for any flat and requests a choice to get (OTP) from the vendor, which happens to be then exercised within 21 times. Subsequently, the client have to submit their resale software to HDB, which include all vital paperwork. HDB will then value the flat and schedule a primary appointment for equally click here events. The procedure culminates while in the completion in the transaction, in which the customer and vendor meet within the HDB Hub to signal the ultimate files and receive the keys. Your complete course of action, from obtaining the HFE letter to the final completion, ordinarily normally takes about a few to 5 months.