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It depends if the billing date. If it is done after the flat changes hand, then new owner will bear the costs. That's why SPR households are usually wary of the HIP status when purchasing a resale unit.

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Hi, when Is the billing date for the HIP? This affects directly who pays for it .

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

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Landon Chew
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Hi, appreciate your sharing. Do check the bill to who and when ?
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

In Singapore, the responsibility of paying the outstanding amount for the Home Improvement Programme (HIP) falls on the seller (previous owner) of the HDB resale flat.

Here's a breakdown of the process:

HDB Resale Transaction: During the resale process, the outstanding HIP cost (including any accrued interest) needs to be settled by the seller before the transaction can be completed.
Deduction from Sales Proceeds: The seller's sales proceeds from the flat will be used to settle the outstanding HIP amount (along with other charges) before the remaining balance is transferred to the seller.
However, there can be some flexibility:

Agreement Between Buyer and Seller: The buyer and seller can reach a mutual agreement on how the outstanding HIP cost will be handled. This agreement should be clearly stated in the resale contract.
Sufficient Funds: If the sales proceeds after deducting other outstanding charges are insufficient to cover the remaining HIP cost, the seller would need to settle the difference before the transaction can proceed.
Here are some resources for further information:

HDB - Change of Flat Ownership and Liability to Pay: https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/sers-and-upgrading-programmes/upgrading-programmes/pay-upgrading-cost
By following these guidelines and ensuring clear communication throughout the resale process, you can avoid any confusion regarding the outstanding HIP payment.
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