How long to complete a HDB resale transaction? – 15 Dec 2014
Many first time buyers and sellers of resale HDB flats are often surprised/shocked at the time taken to complete a HDB resale transaction. More so if they are more used to the timeline in the non-HDB private resale market where the transaction can be legally completed in a matter of 8 weeks or less from the date that the Option To Purchase is exercised. For HDB resale transactions, the time taken is typically double that, stretching up to 16 weeks.
Why so long, you might ask? Our simple response is because HDB is involved. The more parties involved in a transaction, the longer it takes. Understanding the time line is very important as you need to plan your transition to better plan your cash flow, without causing too much disruption to yourself and/or your family.
Download and save the image below to get a better grasp of the timeline and the main stages involved. If you have any questions, you know just who to ask! The Empower Advisory Team of course =)
Our Best, Always!
Share our postings, be our Facebook Ambassador and win prizes!
1) For Android Phones/Devices
2) For Apple Phones/iPads
* Download “Empower Advisory” App on your mobile phone/device to get INSTANT Updates on Deals, Events and More!
* Simply Scan the QR Code on the left using your mobile phone, follow the link and install the App!