Buying a Resale HDB Flat? Here’s the Insider Checklist

Thinking of buying a resale HDB flat? Whether you're a first-time buyer or upgrading your current home, purchasing a resale unit can be a smart move—but it also comes with its own set of considerations. From location to lease length and the condition of the flat, there’s plenty to keep an eye on.

In this guide, we’ll walk you through the key things to look out for—so you can make a confident, informed decision.

The 3 Ls: Location, Lease, and Layout

Start by focusing on the basics: location, lease, and layout—what we like to call the “3 Ls.”

🏙 Location

Look at the neighborhood as a whole. Is it near MRT stations or major bus routes? Are there markets, hawker centres, grocery stores, and clinics nearby? Families should also consider proximity to schools and childcare options.

📜 Lease

How many years are left on the 99-year lease? This matters not just for financing, but also for resale value down the line. Flats with fewer than 60 years remaining may come with CPF usage limitations and loan restrictions.

🛋 Layout

Does the space suit your lifestyle? Pay attention to the number of rooms, flow of the layout, and overall size. Consider if the layout allows for future renovations or family expansion.

Flat Condition: Check Beyond the Surface

Once you’ve shortlisted a unit, it’s time to go beyond the photos and look closer.

• Flooring: Check for unevenness, stains, or signs of warping.

• Walls & Ceilings: Look for cracks, peeling paint, or water stains—especially in the kitchen and bathrooms.

• Windows: Make sure windows open and close properly. Check for rust, leaks, or broken latches.

• Electricals: Test all switches and sockets. Are there any exposed wires? Is the circuit breaker modern?

• Toilets & Fixtures: Flush toilets, test taps, and look under the sink for leaks.

• Built-ins & Carpentry: Look at cabinets, wardrobes, and doors for signs of damage or sagging.

Don't be afraid to take your time during the viewing. Bring a checklist, and if needed, bring a contractor or agent for a second opinion.

Environment & Neighbors: What’s It Like Living There?

You're not just buying a flat—you’re joining a community. Here’s how to get a feel for the neighborhood:

• Walk the block: Visit during different times of the day to observe noise levels and foot traffic.

• Watch for red flags: Check for signs of loan shark graffiti, overflowing rubbish, or unkempt common areas.

• Talk to residents: A casual chat with a neighbor can reveal a lot about the community vibe.

Financial Considerations: Know Your Numbers

Before making an offer, do your homework:

• Check recent resale prices in the area using the HDB Resale Flat Portal or SRX.

• Set your budget based on your monthly income and long-term financial goals.

• Loan options: Compare HDB loans vs. bank loans—both come with different eligibility criteria and interest rates.

• CPF usage: Understand how much of your CPF savings can be used, especially for flats with shorter lease terms.

• Additional costs: Don’t forget stamp duties, legal fees, and renovation budgets.

HDB Process: From Valuation to Handover

Once you’ve found the right unit and agreed on a price:

1. Request a valuation: After getting the Option to Purchase (OTP), request the official HDB valuation. This determines how much CPF and loan you can use.

2. Submit resale application: Both buyer and seller must submit parts of the application on the HDB Resale Portal.

3. Sign agreements: If you're taking an HDB loan, you’ll sign the mortgage agreement before key collection.

4. Pay stamp duties and legal fees: Be prepared to pay your share of taxes and legal costs.

5. Receive the keys: Congratulations—you’re officially a homeowner!

Final Tips Before You Buy

• Take your time: Don’t rush. Visit multiple flats and compare them carefully.

• Consider hiring an agent: An experienced agent can handle paperwork, negotiations, and ensure your interests are protected.

• Negotiate smartly: Price isn’t the only thing you can negotiate—think about inclusions like built-in furniture, appliances, or even renovation conditions.

• Seek legal advice: Especially for complicated deals or if you’re unsure about any part of the transaction.

Ready to Start Your Home Search?

Buying a resale HDB flat is a big step—but you don’t have to go through it alone. If you’d like guidance tailored to your needs, I’m here to help.

📩 Let’s connect and chat about your goals. Whether it’s your first home or next one, I’ll walk with you every step of the way.