Review Again!īe sure to review your insurance policies, especially home owner’s and flood insurance, and update them as necessary. This is especially important if you are moving from a different state or country. Pay attention to any deadlines for taking possession of your new home. The developer will most likely have an attorney review the contract for you, but it is still your responsibility to read and understand everything in the contract before signing it. Ask questions about anything that you do not understand. Make Sure That You Understand All of the Terms and ConditionsĮspecially the terms and conditions of the sales contract before signing anything. If this is the case, it could be a good opportunity to purchase units at a discount. If a large number of units are still available for sale, it may indicate that demand is low or that the developer is having difficulty selling the units. This means information on how many units have been sold and whether any more units are available for sale. Look at the Sales Brochure for Information If there are delays in the construction, this could affect how long you need to wait before you can move in. Check the Construction Progress of the Project This could affect how long you need to wait before you can move in. ![]() If an earlier date of completion is stated in the sales brochure, there may be delays in completing the works. The date of completion refers to the date on which all physical works on the flat have been completed and handed over to the flat owner for occupation. ![]() Here are some things that you should check before signing the Sales & Purchase Agreement: Check the Date of Completion on the Resale Flat ![]() If you are planning to purchase a resale flat, it is important to do your research and be fully aware of the rules governing HDB resale flats. The housing authority does not accept applications from people who do not meet the above criteria. If you have bad credit, no credit or limited credit history, your application will be considered on a case-by-case basis. However, the annual household income of applicants who are married or living with a partner should not exceed $20,000.Īn applicant’s annual household income should not exceed $30,000 if they are living with two or more dependents. The monthly household income of the applicants should not exceed $10,000. Persons who are not Singapore Citizens or Permanent Residents may apply to buy an HDB resale flat if they meet the following criteria:Īpplicants must be aged 21 years and above.Īpplicants who are applying to buy a resale flat with their spouse or partner must have been married for at least 2 years, or have been in a de facto relationship for at least 3 years.Īpplicants who are not married or in a de facto relationship must be single. Moreover, to buy HDB resale flats, you must: HDB will ensure that such information is kept confidential and used only for the purposes of administering this Scheme. ![]() Authorize HDB to access information from CPF OA, which may include information relating to the member's contributions, interest, withdrawals and balances. Confirm mobile number via a one-time SMS verification code sent to the mobile number provided in step 2 above.Ĥ. Register for an account with NRIC, MyInfo or SingPass by entering the required information, including mobile number and email address.ģ. To access the HDB Resale Portal, potential buyers must:Ģ. It is a secure site that enables buyers and sellers to transact with each other and provides the same level of security as transacting with HDB. The HDB Resale Portal is a one-stop portal for all resale transactions. In addition, you can get valuable information and enquiry from this site such as what's new and updated on your town, service and conservancy charges (S&CC) rates, property price trends, and market reports. The launch of the HDB Resale Portal marks a big step forward for homeownership in Singapore.
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