Your Guide to DIY HDB Selling

You can either manage the sale on your own or engage the services of a salesperson for a fee. The following guide will help you manage the sale of your flat.

Check your eligibility to sell your flat

You must have a valid Intent to Sell for at least 7 days before you may grant an Option to Purchase to flat buyers. Start your journey by registering an Intent to Sell via the HDB My Flat Dashboard. After registration, you will be informed of when you may start to grant an Option to Purchase (OTP) to potential flat buyers. You will also receive information about the Ethnic Integration Policy (EIP) and Singapore Permanent Resident (SPR) Quota for your block, status of upgrading, billing of upgrading costs, and recent transacted prices of nearby flats.

You must plan your next housing before you commit to sell your flat. Please plan your next housing, before putting your current flat on the market for sale. Otherwise, your family may be left without a home.

Consider your next housing before selling your flat

Determine the asking price of your property 

Check the recent transacted resale flat prices and use on HDB Map Services and resale statistics to help you set a reasonable price. You can either list your flat for sale on the Resale Flat Listing (RFL) service on the HDB Flat Portal or with us at www.findsgproperties.com.

Compute your estimated net proceeds. When selling your flat, you have to pay off the outstanding housing loan, refund the CPF monies with interest you have used to your CPF Ordinary Account, and off-set any payments due to IRAS, HDB, town council, etc. Hence, please make sure that you have no unpaid property tax, service and conservancy charges, etc.

Financial planning is important, especially if you need to buy your next home after selling your current flat. Calculate the estimated net proceeds you may receive.

Things you need to advertise your unit

You may advertise your flat for sale through the HDB Flat Portal, property portals, newspaper advertisements or social media. We recommend that you find out the differences in cost and details of the various advertising platforms and choose one or more depending on your budget and needs.

Include details, such as:

• Flat address (block number and street name)

• Flat type

• Floor level (Low/ Mid/ High floor)

• Floor area

• Asking price

• Contact information

• Photos

• Highlight the attractiveness of your flat, for example:

• Flat orientation, e.g., north, south, east, or west

• Conditions of the flat in terms of renovation and upkeep

• Proximity to MRT station/ school/ town centre

• Amenities available

You are responsible for the accuracy of the information provided in your listing on the RFL service on the HDB Flat Portal. HDB will follow up on any feedback regarding inaccuracies in your listing and take the necessary actions, including but not limited to removing the listing and restricting your future use of the HDB Flat Portal.

You may receive calls from prospective flat buyers or their appointed salespersons, asking for more information about your flat. You may also be approached by salespersons offering to act for you for a fee. You can decline their assistance, if you wish to continue to manage the sale on your own.

Some prospective flat buyers may request for evidence of your flat ownership and eligibility to sell the flat.

• Printout from your My HDBPage to show that you have met the minimum occupation period to sell your flat

• Property tax statement

• Town council statement

• Title deed

Negotiate with potential flat buyers

Potential buyers interested in your unit will likely negotiate the price with you to reach an agreement. It's important to have a target price in mind that allows both parties to come to a mutually beneficial deal. Once agreed, you will have to issue them the OTP as described below.