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Must Know Singapore General Property Transaction Timeline For HDB and Private (PTE) Property (Condo and Landed) 

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DISCLAIMER : ALL PAYMENTS & TIMELINE PROJECTIONS ARE ESTIMATES ONLY AND ATUAL CONSTRUCTION MAY VARY FROM EACH TRANSACTION.

1. HDB SELLER'S EDITION

REGISTER INTENT TO SELL
ISSUE OPTION TO PURCHASE
EXERCISE OPTION TO PURCHASE
SUBMIT RESALE APPLICATION
ACKNOWLEDGEMENT OF DOCUMENTS
HDB COMPLETETION
7 days
21 days
9 WKS
Seller must log in to your HDB Resale Portal and register for the Intent To Sell. 
Find potential Buyer and issue OTP after receiving Option Fee of up to $1,000.

 
OTP has to be issued 7 days after Intent To Sell is done
Buyer will exercise the OTP by signing on the OTP acceptance portion, and pay the exercise fee of up to S4,000 to the Seller.
 
Buyer has to exercise within 21 days from OTP Date. 
Both Buyer and Seller must submit the resale application to HDB resale portal, within 7 days of both parties. 

Submission date will be determined by both parties. 
Both Seller & Buyer must log in to their HDB Resale Portal to acknowledge the documents online. 
Seller will handover the keys & prepare other documents for completion. 

Lastly, Seller will receive the cashier order of the sales proceeds (if any) and CPF will be refunded to the individual OA within 14 working days after completion. 

2. HDB BUYER'S EDITION

REGISTER INTENT TO BUY & APPLY FOR HLE
RECEIVE OPTION TO PURCHASE
APPLY FOR VALUATION

FOLLOWED BY BANK
LOAN & LAW FIRM
EXERCISE OPTION TO PURCHASE
SUBMIT RESALE APPLICATION
ACKNOWLEDGEMENT OF DOCUMENTS
HDB COMPLETETION
TAKING HDB LOAN
TAKING BANK LOAN
21 days
9 WKS
Buyer must log in to your HDB Resale Portal and register for the Intent To Buy and Apply for Home Loan Eligibility (HLE) if you plan to take a HDB Loan. 
Source for a suitable unit and pay the Seller an Option Fee of up to $1,000 and receive the signed OTP. 
Apply for valuation on HDB within the next working day.
 
Once valuation is out and Buyer decides to proceed, he/she will 1) apply for Bank Loan to obtain the Letter Of Offer.
 
2) Buyer will have to engage a law firm to represent them as well. 
Exercise the OTP by signing on the accpetance option and pay the Seller the exercise fee of up to $4,000. 

Buyer has to exercise within 21 days from OTP Date. 
Both Buyer and Seller must submit the resale application to HDB resale portal, within 7 days of both parties. 

Submission date will be determined by both parties. 
Both Seller & Buyer must log in to their HDB Resale Portal to acknowledge the documents online. 
Buyer will prepare the balance payment of the flat and will collect the keys! 

3. SELL HDB & BUY PRIVATE'S EDITION

SELL TIMELINE
BUY TIMELINE
1 MAY,2021
HDB #1 SELL (OTP)
EXPIRY DATE TO  EXERCISE  3 WEEKS FROM OTP DATE
22 MAY,2021
22 MAY,2021
PRIVATE #1 BUY (OTP)
LAST  DATE TO  EXERCISE  2 WEEKS FROM OTP DATE
5 JUNE ,2021
COMPLETION DATE  9 WEEKS FROM EXERCISE DATE
24 JULY ,2021
+
CPF REFUND TO OA
WITHIN WORKING DAYS
FROM COMPLETION
COMPLETION DATE  12 WEEKS FROM EXERCISE DATE
RENOVATION + MOVE IN
28 AGUST ,2021

4. NEW LAUNCH BUYER'S EDITION

PAY 5% >
RECEIVE OTP
RECEIVE S&P
(CHEQUE/CASHIERS ORDERS-CO)
EXERCISE S&P
PAY STAMP DUTY
PAY 
5% + 5% LOAN?
(CHEQUE/CO/CPF)
(CHEQUE/CO/CPF)
(CHEQUE/CO/CPF)
(CASH/CPF/LOAN)
CONFIRM LAW FIRM DETAILS &FORWARD OTP CODE TO BANKER + LAW FIRM
ENSURE LO IS SIGNED PRIOR TO MEETING LAW FIRM TO EXERCISE S&P
ENSURE LAW FIRM APPLY CPF USAGE FOR STAMP DUTY TO IRAS+15% COMPLETION IF APPLICABLE
PURCHASER TO PAY BALANCE DOWN PAYMENT + PROGRESSIVE PAYMENT
DEVELOPER WILL CALL FOR PAYMENT PROGRSSIVL6
WITHIN 2 WEEKS
WITHIN 3 WEEKS
WITHIN 2 WEEKS
COMPLETION
COMPLETION OF FOUNDATION WORK
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