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Good morning,

You can start off by apply for HLE (HDB loan) or IPA (bank loan) and register intent to buy.

After price negotiation and agreement, you will receive option to purchase (OTP) in return.

Option period is 21 days. Thereafter there will be a resale submission period (Varies between both sellers and buyers) for both parties to submit to HDB for approval.

Once both parties submit, HDB might take 4 to 5 weeks to process (longer due to COVID).

Once approved, it will take 8 weeks to completion date.

It might take up to 3.5 to 4 months (provided we never grant extension to seller) if we can do quick exercise of OTP and immediate submission.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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HI

Assuming there is no interruption to the flow, it will take theoretically about 12 weeks from date of option. However in reality, it may takes about 16 weeks to complete if there is no extension of stay for the seller.

You may text 9620 0827  for a casual chat. We can share with you the market situation., transaction process, timeline and an estimated financial statement for the purchase.

Warmest regards

Gavin Read More

Hi,

1) The whole process takes around 3~6 months to complete everything and move in.
2) From offering for OTP till HDB approval ~ 3~4 weeks. Another 8 weeks to complete all legislation, document processing, payment of miscellaneous, caveat, stamp duty, etc.
3) It takes about 4~8 weeks to shortlist and successfully offer for an OTP.
4) Thus it is important to plan, prepare, identify the type, location, reduce the waste trips to enhance the buying experience.
5) Preparation according to sequence as follow:
(a) Apply for HLE (HDB loan - valid for 6 months) if you are an SC. Apply for bank IPA if you are SPR. Following is the instruction for the HLE application:
https://www.hdb.gov.sg/cs/infoweb/-/media/doc/EAPG-COS/retrieve-draft-hle-application.pdf

(b) Register "Intent to buy" (Valid for 12 months):
https://services2.hdb.gov.sg/webapp/BB31AWDashboardWeb/BB31PLogin.jsp

6) Once 5(a) & (b) is done, you are ready to either engage an agent to assist in your home search and buying process or DIY yourself.

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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Hi,

The entire process can be as fast as 3-4 months if it's a straight-forward case. However, it would be good if you can set aside about 4-5 months for a smooth transition.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi
I am well experienced in HDB transactions. The process can take as short as 3 months or as long as 8 months depending on the seller requirement. Amongst factors affecting the length of transaction are, how long buyers took to exercised the option (Although buyer have 21 days to exercise, I will always advise my buyer to exercise it much earlier to shorten the process), resale submission days requested by seller (normally 30 days but in some cases seller would request up to 90 days), extension of stay if requested by seller (can be as long as 3 months) and how long HDB takes to process the transaction (At the current moment, HDB is taking longer time than usual to process due to a high surge in resale transactions). I am well specialised in HDB and have served various first time buyers like yourself. A vast majority of my buyers managed to secure a house without COV despite the current market situation. Do contact me at 93375051  for a free and non obligatory discussion on this.
Regards
Mohammad Taufik Bin Hussein (Taufik Hussein)
CEA Reg No: R061607B
Contact No: 93375051  Read More

Hi,
The resale completion is about 8 weeks from the date of HDB's acceptance of the resale application. However, it might be delayed due to covid situation.
I would be glad to assist you.
Feel free to contact me @ 97100155 
Pei ERA Read More