Understanding the Documents Required for an HDB Resale Transaction

  1. Navigating the HDB resale market
  2. Understanding the resale process
  3. Knowing about documents required for an HDB resale transaction

If you're interested in incorporating Feng Shui and Zen Ideas into your home in Singapore, the HDB resale market is a great option. But navigating the resale process can be a daunting task, even for experienced buyers. Understanding the documents required for an HDB resale transaction is a key part of incorporating Feng Shui and Zen Ideas into your home. Knowing what documents are needed and how to prepare them can make the process simpler and help you make the best purchase.

In this article, we'll explain what documents are needed for an HDB resale transaction and provide guidance on how to prepare them. We'll cover the documents you'll need from your buyer, your seller, and your lawyer. We'll also provide an overview of the HDB resale process and explain why it's important to have all documents ready before you sign on the dotted line. The HDB resale process begins with an agreement of sale between the seller and the buyer. The agreement should include information about the parties involved, the property being sold, the purchase price, and the date by which the sale should be completed.

After this agreement is signed, both parties must submit certain documents in order to complete the transaction. The documents required for an HDB resale transaction include:

  • A copy of the seller's Singapore Identity Card (NRIC) or passport;
  • Evidence of ownership of the flat (e.g., a copy of title deed, a copy of the lease/license agreement, etc.);
  • A copy of the buyer's Singapore Identity Card (NRIC) or passport;
  • A copy of the buyer's Certificate of Eligibility (COE);
  • A copy of the Sale and Purchase Agreement;
  • A copy of the Notice to Comply (if applicable);
  • An original copy of the seller's HDB Resale Checklist;
  • A copy of the buyer's Stamp Duty Form; and
  • Copies of any other documents required by HDB (e.g., proof of address, proof of occupation, etc.).
In addition to these documents, both parties must also provide proof that they have paid all outstanding charges on the flat (e.g., service and conservancy charges, property tax, etc.). After all these documents are submitted, both parties must then attend an HDB branch office to complete the transaction.

What is a Notice to Comply?

A Notice to Comply is a document issued by the Housing and Development Board (HDB) if there are any outstanding obligations on the flat, such as unpaid service or conservancy charges, property tax, etc.

Receiving a Notice to Comply

requires that all outstanding charges must be settled before the HDB resale transaction can be completed.

What is a Certificate of Eligibility?

A Certificate of Eligibility (COE) is a document issued by HDB that confirms that the purchaser has met all the eligibility requirements for purchasing a HDB resale flat. To be eligible to purchase a HDB resale flat, the purchaser must be a Singapore Citizen or Permanent Resident and meet other criteria such as income ceiling and ownership of other property.

The COE is an important document in the HDB resale process as it confirms that the purchaser is eligible to buy the flat. It is also required for the submission of the resale application to HDB. The COE will be valid for a period of six months from the date of issue. After this period, the buyer will need to reapply for a new COE if they wish to proceed with the purchase.

Navigating the HDB resale market can be complicated, but understanding the documents required for a successful resale transaction is essential. Taking the time to familiarize yourself with the Certificate of Eligibility, Notice to Comply, and other documents needed for an HDB resale transaction can help make the process smoother and hassle-free.

Teresa Heng
Teresa Heng

With 5 years of expertise in Singapore's second-hand HDB market, I have immense joy in helping first home owners find their dream HDB homes, making their Singaporean dreams come true!