Selling Your HDB After Acquiring an EC or BTO: Key Considerations

Selling your HDB flat after obtaining an Executive Condominium (EC) or Built-To-Order (BTO) unit involves several essential but often lesser-known points to keep in mind. Similar to all HDB transactions, you must adhere to the 5-year Minimum Occupation Period (MOP) before becoming eligible to sell your HDB flat.

Here are some additional points to consider:

1. To qualify, the married couple must include at least one Singaporean and the property must be purchased in both names of the couple.

2. If you’re buying a resale EC, you need to sell your HDB flat within 6 months from the acceptance of the option. If it’s a new launch EC, the timeline is 6 months from the issuance of the Temporary Occupation Permit (TOP).

3. The timeline for selling your resale HDB is crucial. It depends on when your new Executive Condo (especially if it’s a new launch) will receive the Temporary Occupation Permit (TOP). Additionally, the payment scheme you’ve chosen (deferred or normal) can affect the specific selling timeline. It’s essential to factor in the inspection of your new EC, the renovation, and the move-in period to ensure a smooth transition.

For HDB owners purchasing a BTO unit who need to sell their existing flat, timing is essential. It should align with the key collection date. Furthermore, whether you require the proceeds from your existing flat for key collection or need existing CPF funds to be returned to your CPF account to finance the purchase or collection of your BTO keys can influence the timing of the sale.

For a comprehensive understanding of the rules, regulations, timelines, and financial calculations related to selling your HDB after acquiring an EC or BTO, please provide your details below. I will personally contact you to provide further clarification and guidance on these crucial considerations.