HDB resale flat listing service officially launched, over 600 units for sale

“SUSTAINABLE Home Marketplace”

If a seller’s cost is at least 10 % higher than the highest transaction amount for near flat-type products sold in the previous six months, they will be prompted automatically.

This will enable sellers to decide on the selling price more wisely, contributing to” a more sustainable property market in the long run,” according to HDB. &nbsp,

It added that it “reserves the right to delete advertisements that have inflated prices or presented false knowledge.” &nbsp,

To list their straight, sellers must also have a  appropriate Intent to Sell. &nbsp, Also, they can just post one list to confirm that there is no duplicate.

Anyone can browse through the listing service, but only those with a current HDB Flat Eligibility ( HFE ) letter can get in touch with the sellers and set up viewing times.

The company also aims to create a more secure and beneficial market for sellers and buyers of HDB flats to trade, with or without the assistance of property agents, according to HDB. &nbsp,

Potential buyers are advised to properly budget their finances, take their income, needs for renovations, and mortgage financing, and use fiscal prudence when purchasing apartments to avoid overstretching themselves.

More details about the HDB Flat Portal and the HDB website can be found for serious straight buyers and sellers.