New resale flat listing service by HDB aims to provide convenience and be a 'trusted' marketplace

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The new resale flat listing service will be made available on the HDB Flat Portal in two phases, with a soft launch on Monday.HDB said its new listing service will be integrated with existing services on its online portal. While any prospective buyer can browse through the HDB’s listing service, only those with a valid HFE letter can obtain contact details of the sellers and schedule viewing appointments.

There will also be an “automatic built-in feature” where sellers will receive an advisory prompt if their listing price is at least 10 per cent more than the highest transacted price for nearby units of the same flat type sold in the past six months.“In both cases, the prompt will enable to review and refine their listing price before they list the flat,” HDB told CNA.

The resale listing service, which is its latest enhancement to the HDB Flat Portal first launched in 2021, “will be free of charge for the time being”, HDB said.For sellers: Sellers will only need to add in photos and a text description of their flat when listing their unit on the HDB's new resale flat listing service.

Otherwise, the listing will be automatically deactivated under two scenarios: When a buyer submits a valuation request for the flat after obtaining an OTP, or the complete resale application is received through the HDB Flat Portal.All would-be flat buyers will be able to browse through the listings, which will include current and upcoming new flat launches, as well as resale flats available on the HDB Flat Portal.

Source: Real Estate Daily Report (realestatedailyreport.net)

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