The HDB providing system commences with the seller registering an "Intent to Sell" on the HDB Flat Portal, which delivers an eligibility Check out, EIP/SPR quota for your block, and up to date transaction rates for nearby flats. This intent is valid for twelve months. After a seven-day cooling-off interval, the seller can grant a possibility to get (OTP) to a customer for an option cost of S$1 to S£1,000, that is legitimate for 21 times. The seller and customer then post their respective areas of the resale software within the HDB portal, shelling out an administrative charge of S£forty for 1- and a pair of-place flats or S$80 for 3-place and larger flats. HDB will then verify the paperwork, and acceptance is typically granted inside of two months In any case paperwork are endorsed online. The complete system culminates inside a resale completion appointment, normally about 8 months after HDB read more accepts the resale application, in which keys are handed about and remaining lawful documents are signed. In the course of the method, sellers ought to refund all CPF resources used for the purchase, such as accrued curiosity, and repay any fantastic housing financial loans with the sale proceeds.