New resale flat listing service by HDB to provide convenience, a 'trusted' marketplace

Source: CNA

SINGAPORE: Flat buyers and sellers will soon be able to access a new resale flat listing service on the Housing and Development Board's (HDB) online portal - a move that the authority hopes to make buying and selling a place more convenient and transparent.

The new initiative aims to become "a trusted listing marketplace for genuine buyers and sellers" by allowing only buyers with valid eligibility letters or approved sellers to have full access to its services.

Other features to ensure transparency include alerting sellers who have asking prices that exceed the highest recent resale transaction for the same flat type in the area by 10 per cent or more, HDB announced on Sunday (May 12).

The new resale flat listing service will be made available on the HDB Flat Portal in two phases, with a soft launch on Monday.

HDB said its new listing service will be integrated with existing services on its online portal.

Users can get information on new Build-to-Order (BTO) flats, loans, financial calculators to estimate housing budget and sales proceeds, documents like the HDB flat eligibility (HFE) letter, as well as submit their resale applications on a single platform.

These will help buyers to consider new and resale flat options "holistically and make more informed decisions".

Similarly, sellers, or their appointed real estate agents, can tap an additional platform for their marketing efforts. They will also be able to enjoy the convenience of listing their flats and carrying out resale transactions on the same platform, HDB said.