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Hi,

1) This extension of stay is a special arrangement that HDB had implemented to facilitate the buying and selling process.
2) HDB rule is the owner of HDB not allowed to rent out the whole unit to anyone within 5 years MOP. Thus it is considered illegal for the buyer to rent it out to the seller after completion of sales without declaration to HDB.
3) There is a difference in property tax to the buyer during this extension of stay, as the buyer is not occupying this unit. 10% property tax is applicable instead of 0.4%.
4) Therefore it is the responsibility of the buyer to submit this extension of stay instead of the seller. There shall be an administrative fee of $20 for this application.
5) Seller has to provide proof of their next purchase to supplement this application.
6) The rest are a private arrangements between seller and buyer, as SP services, town council fees are incurred during this period.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Certainly! When it comes to the extension of stay for HDB flats, here's what you need to know:

1. **Maximum Duration**: Under HDB regulations, the extension of stay can only be granted for a maximum of **3 months**². Beyond this period, no further extension will be allowed.

2. **Buyer's Minimum Occupation Period (MOP)**: The buyer's MOP starts immediately after the extension period. Therefore, it's essential for the seller to hand over the flat to the buyers within the agreed extension timeframe.

3. **Agreement and Indemnity**: The extension of stay is a private arrangement between the seller and the buyers. Both parties may sign a private agreement regarding the terms of the extension, including any monetary compensation. This agreement need not be shown to HDB. However, both parties must fulfill their respective obligations under the terms of the extension. HDB will not mediate in case of disputes¹.

4. **Property Tax**: If the seller stays beyond the resale completion date, the buyers must pay property tax at the higher non-owner-occupier residential tax rate for the 3-month extension period³.

Remember that the extension of stay should be discussed and agreed upon during the negotiation of the flat sale. If you have any further questions, feel free to ask! Read More