How to Buy A HDB Resale Flat

So you’ve decided to buy a HDB resale flat. Congratulations! Whether or not you choose to buy a 2-, 3-, 4-, or 5-room HDB flat, Home Property Agent is here to help you on your journey to homeownership.

How to buy my dream HDB?

How long does it take to buy a resale HDB?

Read on for answers to all your burning questions on buying a HDB in Singapore.

1. Check Your Eligibility

First thing’s first. Be sure to check HDB’s website for the various eligibility schemes available, which are broadly based on the following criteria:

  • Citizenship
  • Age
  • Family Nucleus
  • Ethnic Integration Policy & Singapore PR Quota
  • Other Special Conditions

If you’re single and wondering how to buy HDB flats for your personal living space, you must first fulfil the guidelines. Note that you’ll need to be at least 35 years of age to buy or own any kind of HDB flat in Singapore for singles.

2. Plan Your Finances

As this is a long-term financial commitment, it is important to assess your budget before making a purchase decision and whether you intend to apply for an HDB loan or a bank loan. An HDB Loan Eligibility Letter (HLE) will indicate your eligible loan amount and must be produced before getting an Option-To-Purchase. On the other hand, A bank Letter of Offer (LO) must be produced before exercising the Option-To-Purchase.

3. Find a Suitable HDB Flat To Buy

Check out our listings for the most comprehensive database of available HDB resale flats in Singapore to buy! Aside from pricing, 2-, 3-, 4-, or 5-room HDB flats or location, don’t forget to check Ethnic Integration Policy and Singapore PR Quota criteria when surveying your options.

4. We’ll Take Care Of The Paperwork From Here

Your Option To Purchase From The Seller Is Covered

After you have found a suitable listing, we will be ensuring you and the seller agree on the resale price – upon which the seller will fill up a standard HDB Option-To-Purchase (OTP) form. Once both parties have signed this form, the seller is not permitted to grant another OTP to a different buyer for 21 days.

Your Request For Valuation Report Is Settled

After receiving the OTP, we will assist in applying for a valuation report of the property. This step is necessary should you be taking an HDB loan, a housing loan from a bank or using CPF funds for the purchase. This report will determine how much CPF savings can be withdrawn, how large a housing loan can be granted, and the minimum cash payment to be made when you buy your HDB flat.

All You Need To Do Is Attend Your Appointments With HDB

Upon submission to HDB, we will make sure that the buyer and seller endorse the necessary financial & legal conveyancing documents for the resale application. Once the resale application and appointment have been approved, a completion appointment will be set by HDB within 6 to 8 weeks.

Approach Us If You’re Looking To Buy The Best

Looking for the best HDB resale flat to buy? Come to Home Property Agent  for apartments available in any HDB estate in Singapore – Jurong WestChoa Chu KangBukit PanjangWoodlands and more! Here, you’ll have an experienced team of HDB specialists that can help you sort and simplify all your housing transactions. Get in touch today!


  • 1. Can I buy an HDB flat on my own?

    Yes, you can buy an HDB resale flat under the Single Singapore Citizen Scheme. You must be at least 35 years old if you are unmarried or divorced and at least 21 years old if you are widowed or an orphan. Click here for the eligibility criteria.

  • 2. Can singles buy new HDB flats in Singapore?

    Yes, singles can buy new HDB flats in Singapore under the Single Singapore Citizen Scheme and Joint Singles Scheme. However, singles can only buy 2-room Flexi BTO units at non-mature estates. These restrictions do not apply to resale flats. Click here for the eligibility criteria.

  • 3. Can I own 2 HDB flats in Singapore?

    No, you are only allowed to own one HDB flat at any one time. This applies to all HDB properties, including executive condominiums (ECs). You may purchase a second HDB flat, but you will have to sell your existing HDB property within six months of collecting the keys to the new flat. 

  • 4. What are the duties and taxes payable if I buy an HDB flat?

    You may have to pay the following duties and taxes: 

    • Buyer’s Stamp Duty (BSD) 
    • Additional Buyer’s Stamp Duty (ABSD) 
    • Annual property tax payable

  • 5. Can foreigners buy HDB flats in Singapore?

    No, foreigners cannot buy HDB flats in Singapore. Only Singapore citizens or Permanent Residents (PR) are eligible to purchase an HDB flat in Singapore.

You are fully protected by our 100% Satisfaction-Guarantee! We only charge agent fees if we have successfully helped you sell or buy your HDB flat (only with your permission and agreement to the offer made by the buyer!) If we are unable to sell your HDB flat within 1 month, let us know and we will do our best to correct it! If you are still not satisfied then, you can terminate our services at no cost.

Start selling/buying your HDB flat with us today!


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