Monthly Archives: December 2014

How long to complete a HDB resale transaction? – 15 Dec 2014

Posted on December 15th, 2014 in Local Property Market

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 =)

HDB Resale Transaction Timeline 20141213





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