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In a typical HDB resale transaction in Singapore, the new buyer is not allowed to move into the house before the existing seller receives the full payment for the flat. Here's how the process generally works:

Signing the Resale Agreement: Once the buyer and seller have agreed on the terms of the sale, including the sale price and completion date, they sign the Resale Agreement. This agreement is binding and sets out the terms and conditions of the sale.
Exercising the Option to Purchase (OTP): After signing the Resale Agreement, the seller grants the buyer an Option to Purchase (OTP), usually valid for 21 days. During this period, the buyer has the exclusive right to purchase the flat.
Payment of Option Fee: The buyer pays a non-refundable option fee to the seller upon exercising the OTP. This fee is typically 1% of the agreed purchase price.
Completion of Sale: On the agreed completion date, both the buyer and seller meet at the HDB branch office to complete the sale transaction. The buyer pays the remaining balance of the purchase price to the seller, and the seller transfers ownership of the flat to the buyer.
Handover of Keys: After the completion of the sale and the full payment of the purchase price, the seller hands over the keys to the flat to the buyer. At this point, the buyer can take possession of the flat and move in.
It's essential for both parties to adhere to the agreed-upon timeline and complete the transaction according to the terms set out in the Resale Agreement and the OTP. Moving into the flat before completing the sale and receiving full payment could lead to legal and financial complications for both the buyer and the seller.

If there are any specific arrangements or requests regarding the timing of the handover, it's advisable for both parties to discuss and document them in the Resale Agreement to ensure clarity and mutual understanding. Additionally, seeking advice from a legal advisor or property agent can help navigate the process and address any concerns or questions that may arise. Read More
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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

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(1) "If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:
✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : )
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
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