HDB launches a single portal for flat purchases

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SINGAPORE: Potential buyers and sellers of public apartments can now use a new single portal launched by the Housing Development Board (HDB) to streamline the process.

The HDB flat portal will be rolled out gradually from Wednesday, Jan.13, National Development Minister Desmond Lee said in a Facebook post.

“This new portal will make it easier for home buyers and sellers to collect information about buying or selling an apartment through a single integrated platform,” said Mr. Lee.

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A personalized financial calculator that allows buyers to check their budget and payment plan and sellers to estimate the proceeds from sales, and fixed lists gathering information on current and upcoming Build-to-Order (BTO) launches are part of the portal functionality.

READ: HDB will launch 17,000 BTO apartments in 2021, like this year

The website will also offer loan listings for buyers to get information on home loans offered by HDB and participating financial institutions, Lee said.

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He added that HDB was looking to include listings of resale apartments in later phases of the portal’s rollout.

READ: HDB resale prices climb 4.8% in 2020

The HDB Flat Portal is the second phase of the HDB resale portal launched in January 2018, said Mr. Lee.

Its launch came after a series of engagement sessions with industry players and stakeholders, he said.

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“The HDB resale portal has halved the time it takes for flat resale transactions from 16 weeks to about 8 weeks, and reduced the number of HDB appointments from two to one,” Lee said. .

“We will continue to look for ways to further improve the transaction process for buyers and sellers of HDB homes.”

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