Housing options for first-timers Conga at xr ae Soe “ties eget een ‘see snc tatinoes +587 00 ne aniemysaig | sonmbosticest Er tom'he pen matt Soars Lia aoe Bled Puc Rental Scheme ‘itoat housing tons famiy support Parenthood Provioal Housing Scheme PPS) Forster mario caules who have Bookeg Updated as of Nov 2022 HOUSING & DEVELOPMENT BOARD. Cent icy erg Follow theo gullies “Request for decent prot of tes when prepare you Tenancy eee = make sre you “inertnd al the tere and + Chock that you ar needed Financial planning Peron creas (a Secs ‘These are some key differences between a housing loan from HDB and an Fl: cont ire hee ts Interest rate Peart 02% toe cP OR to brat pce en oe renee se —- Uomriettapce iit Pro-atedif the fats ose dows not cover 7 : Minimum cash for ‘downpayment inital payment MsR and TDsR Fulfiling Dreams, Building Homes, Creating CommunitiesHDB Cheatsheet for First-timers Legend lan BUYING A BTO FLAT Check your eligibility to buy an HDB flat BI Fit yor ety tbuyan HOB todo ae on enios oun on Work out your budget with HDB's budget calculator and plan your finances BY :sinae your budget ond compare infomation on various housing loans Find out i youre ee for any CPF nosing sorts andor ports ‘Aopl for avs HOS Loon Egy Ltr (LE) before Step 4, youre {argon HOB housing on Apply for a new flat during a sales launch via the HDB Flat Portal ‘ind out about the vriou nods of le, and he applition process. Fellow us on our social media chanel of subscribe fo the HE Alert Service ‘abe noifed ofthe sales launches. You leave thecutcame of he ballot resus vie ema Book a flat and pay the Option Fee ‘Abou 4 weeks afte the release ofthe alot ests, you wil be inte to book a flat, based onthe baloted queue psiton. Weill notify you 2 weeks Inadvance on My HDBPaze Sign Agreement for Lease and pay the downpayment, legal fees, stamp duty ‘About 6 months after the booking oft you willbe imvited to Sign the ‘Agreement for Lease. Eble appticants may apply fr the Staggered Downpoyment Scheme or Deferred Oounpavment Scheme nn Collect keys When you Nat scomplted, you wil be ited to cllet your keys. You il ned to pay the blanc prchase pric by cash, CPF savings and/or housing loan. Second timer applicants may aso need 0 pay a resale CONGRATS! YOU ARE NOW A PROUD OWNER OF ANEW FLAT! Updated as of Nov 2022 HOUSING & DEVELOPMENT BOARD Apply Complete BUYING A RESALE FLAT Register Intent to Buy on HDB Resale Portal Find out your efibity to buy a resale et, CPF ousing santa an HDB housing oa. Estimate your budget and compare iformatio on various housing lars Confirm type of housing loan HDB Housing Fl Housing Loan B Work out your budget with HDB's budget calculator Search for a suitable flat sete folowing e-services to guide your search and ofepice: PAM 108M Sevies esl t prices odes tts Handing the lot purchase without an agent? Make ste you know these essential infomation. Attend flat viewings and negotiate with seller Thi Includes the pplication and amount the timeiame to submit the resale temporary extension of ty Get an Option to Purchase (OTP) from seller The OTP legal binding contract between you and the at slr. Read iportant Note on OTP and Tem ond Condon of Reo carealy Defoe entering contact Submit a Request for Value the next working day Thisstep sno required, you are sig cash ole no CPF savings nor rousing oon for your ft purchase Exercise Option to Purchase Confirm your intent to buy the flat by exercising the OTP within the Option Period of 21 days. Otherwise you can alow the OTP to expe and ofl the Option Fee Submit Resale Application Decide with sellers when to submit the respective portions othe resale ‘application The aplication onl complete when HDB receives the ‘ample set of document om both buyers and sles. Endorse documents and pay legal fees, stamp duty Get Resale Approval HDB wll grant an in principal approval within 2 meek cer Step 8, and notify buyers and sellers via SMS and e-mail anon the Hse Porta Attend Resale Completion Appointment ‘About 8 week after HDB acceptance the sale applation, we wll Infoom you of your completion apoininent dete and tine. During te appointment, you wil acknowledge recep ofthe hey, ign the ‘morgage agreement and nlite deal Find out the ings you neato prepare before the appointment CONGRATS! YOU ARE NOW A PROUD OWNER OF A RESALE FLAT! Fulfiling Dreams, Building Homes, Creating Communities