Step-by-Step Guide to Buying a HDB Resale Flat

Buying a resale HDB flat in Singapore involves multiple steps and eligibility checks. Learn how to navigate the entire process confidently.

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Jul 14, 2025 - 15:29

Step-by-Step Guide to Buying a HDB Resale Flat

For many Singaporeans, buying a resale HDB flat is a practical and flexible housing option. Unlike Build-To-Order (BTO) flats, resale flats are readily available and allow buyers to choose specific locations and flat types. However, the process can be complex for first-time buyers. This guide outlines every key step from eligibility checks to completion so you can make an informed and confident purchase.

Why Choose a Resale Flat?

Resale HDB flats offer distinct advantages over BTO units:

Immediate Availability: No waiting time of 3–5 years as with BTO.
Mature Estates: You can buy in well-established neighbourhoods with developed amenities.
Larger Unit Types: Older flats often come with more spacious layouts.
Flexibility: Buyers can negotiate the price and terms directly with sellers.

Step 1: Check Your Eligibility

Before you start viewing flats, you must ensure that you meet the HDB eligibility conditions.

Eligibility Schemes:

Public Scheme: Buy with a family member (e.g., spouse, child, parents).
Fiancé/Fiancée Scheme: For engaged couples planning to marry.
Single Singapore Citizen Scheme: Singles aged 35 and above.
Joint Singles Scheme: Two to four single citizens aged 35+.

Citizenship:

At least one applicant must be a Singapore Citizen.
PRs are allowed to buy resale flats under specific conditions.

Income Ceiling:

No income ceiling for buying resale flats unless applying for CPF housing grants.

Step 2: Apply for HDB Flat Eligibility (HFE) Letter

The HFE letter replaces the old HLE letter and includes:

Financing assessment
Grant eligibility
Eligibility to buy a resale flat

You must apply for this letter through the HDB portal and wait for approval before proceeding with your purchase.

Step 3: Browse and View Flats

Use the HDB Resale Portal or real estate platforms to shortlist suitable units. When arranging viewings, consider:

Flat condition
Location and transport access
Proximity to schools, amenities, and workplaces
Floor level and facing
Lease remaining on the flat

You can also engage a property agent to assist with scheduling and negotiations.

Step 4: Negotiation and Option to Purchase (OTP)

Once you find a flat you like, you can make an offer. If the seller accepts, you proceed to:

Option to Purchase (OTP):

You pay $1,000 as an option fee.
This gives you 21 days to decide and exercise the OTP.
During this time, conduct valuation and confirm financing arrangements.

Step 5: Request HDB Valuation

After obtaining the OTP, submit a request to HDB for the official valuation of the flat. This valuation determines the loan amount and grants you may be eligible for.

If you agree to pay more than the valuation, the Cash Over Valuation (COV) must be paid entirely in cash.

Step 6: Exercise the OTP

To exercise the OTP, you must:

Sign the OTP form
Pay the remaining deposit (up to $4,000, combined with the option fee)
Submit the exercised OTP to HDB within the 21-day period

Step 7: Submit Resale Application

Both buyer and seller must submit their respective portions of the resale application via the HDB portal. This should be done within 7 days of each other’s submission.

HDB will then:

Review documents
Schedule appointments if needed
Issue an approval letter within 2–3 weeks

Step 8: Endorse HDB Documents and Make Payments

Once the application is approved:

You’ll be notified to log in and endorse legal documents.
Make necessary payments including:
- Stamp Duty
- Legal fees (if using HDB solicitor)
- Balance down payment (if any)

You may also apply for CPF usage and disbursement through your CPF account.

Step 9: HDB Completion Appointment

Finally, you’ll attend the completion appointment at HDB Hub or your solicitor’s office:

Sign documents
Pay remaining purchase price
Receive the keys to your new flat

If the seller is still residing in the unit, a temporary extension of stay can be arranged for up to 3 months.

Housing Grants Available

If you’re eligible, these CPF Housing Grants can reduce your upfront costs:

Enhanced CPF Housing Grant (EHG) – Up to $80,000 for lower-income families.
Family Grant – For first-timer couples buying a resale flat.
Proximity Housing Grant (PHG) – Up to $30,000 for living near parents.

These grants are subject to income ceilings and flat lease conditions.

Important Considerations

Remaining Lease: Ensure that the flat has at least 20 years left; CPF usage and loans depend on this.
Renovation Budget: Older flats may require significant renovations.
COV Risks: Be prepared to negotiate or walk away if the seller demands high COV.
Legal Advice: Consider engaging your own conveyancing lawyer for peace of mind.

Conclusion

Buying a resale HDB flat in Singapore can be a smooth and rewarding experience if you follow the correct steps and prepare adequately. With proper planning and understanding of the process, you can secure a home that fits your lifestyle, budget, and future plans. Whether you're upgrading, downgrading, or buying your first home, the resale market offers diverse opportunities in every corner of Singapore.