Resale HDB

Housing

A resale HDB flat is one bought from an existing owner on the open market rather than directly from HDB. Prices are negotiated between buyer and seller, guided by recent transaction values, and buyers can usually move in much faster than waiting for a BTO. Buyers must meet eligibility rules, may qualify for CPF housing grants, and the flat must have its valuation and paperwork done through HDB's resale process. The seller must have met the minimum occupation period before selling. Grants, eligibility and the resale procedure are subject to the latest rules.

Related Q&A

• What are the real pitfalls of buying a resale HDB versus waiting 4 years for a BTO?
• Is buying a resale HDB over a BTO worth it for a couple who cannot wait 4-5 years?

Related terms

BTO (Build-To-Order)ABSD (Additional Buyer's Stamp Duty)HDB GrantsCOV (Cash Over Valuation)MOP (Minimum Occupation Period)EC vs Condo