SINGAPORE – Owners of Housing Board flats or their property agents will have the option to list their homes for sale on the HDB Flat Portal from May 13.
Buyers will need an HDB Flat Eligibility letter – which indicates their eligibility to buy a flat, receive grants as well as financing options – to schedule viewings with sellers. On the HDB Flat Portal, listings will be automatically filled with details such as the address, flat type, floor area and floor plan from HDB’s data.Sellers will be prompted if their listing price is at least 10 per cent above the highest transacted price of similar units nearby in the past six months. They will also receive a prompt if the price is abnormally low.
“The Government will not condone behaviour, whether by sellers or their property agents, that seeks to disrupt the market or fan consumer sentiment,” it said. Buyers can also compare resale flat listings with new Build-To-Order flats on aspects such as price and remaining lease, so that they can consider both options “holistically and make more informed decisions on their flat purchase”, HDB said.
HDB said it would reach out to eligible flat sellers by e-mail from the soft launch on May 13 to provide them early access to list their homes on the platform. They can also appoint property agents to do so on their behalf.The board said the service was developed in collaboration with the public and industry stakeholders, including real estate agencies and property portals.
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