The course of action for purchasing a resale HDB flat in Singapore is often a multi-phase procedure that ordinarily spans many months. The Original and most important step is to obtain a valid HDB Flat Eligibility (HFE) letter, which determines the buyer's eligibility for your flat invest in, housing grants, along with a housing bank loan. Immediately after securing the HFE letter, the client queries for the flat and requests an alternative to get (OTP) from the seller, which can be read more then exercised inside of 21 days. Subsequently, the client have to submit their resale application to HDB, like all essential documents. HDB will then price the flat and program a first appointment for the two functions. The procedure culminates within the completion on the transaction, where by the buyer and seller satisfy with the HDB Hub to indicator the ultimate files and acquire the keys. The entire method, from acquiring the HFE letter to the final completion, normally can take about a few to 5 months.