Mention “Bukit Panjang” to any foodie out there, Ke Kou Mian is the first thing in their mind. And now try saying that to a property agent, they will tell you “Confirm Sell!”

What makes Bukit Panjang so sellable? Why is there such a demand for units over there? Before that, let’s talk a little bit more about the estate itself. 

Located in the western part of Singapore, Bukit Panjang actually means long hill in Malay due to its long hills and lush vegetation. What started out as a place for agriculture, Bukit Panjang has become a place for nature lovers. 

The number 10 is quite synonymous with the estate. It was commonly known as ten mile or chap kok in Hokkien. The Chinese locals back in the day identified different estates by numbers and Bukit Panjang was the number 10.  Hence, Ten Mile LRT Station and Junction 10 Shopping Mall are located in Bukit Panjang itself.  

However, the question still remains, what makes Bukit Panjang such a popular location for homeowners?

1. Connectivity 

Convenience is one of the key motivating factors for home seekers out there. Ever since the opening of the Bukit Panjang MRT station in 2015, commuting for work or leisure have been reduced rather significantly. There is even a bus that brings you to Orchard in just six bus stops. (Hint: Refer to the image below)

Furthermore, it is one of the few neighborhoods that have the Light Rapid Transit (LRT) train stations within the estate itself. Travelling within the estate to get your favourite food would not be such a hassle. 

 

2. Education 

Like every kiasu Singaporean parent, education is a priority. They will be spoilt for choices choosing a primary school for their kids. Furthermore, the western region has the most higher education institution in Singapore. (NUS, NTU, Singapore Polytechnic – just to name a few)

 

3. Amenities 

The estate may have good connectivity within the island coupled with good schools,  but if it lacks the amenities for leisure and recreation, it would definitely lose its edge over other neighboring estates.

Bukit Panjang is probably one of the very few estates where you are able to enjoy the beauty of many nature parks and shopping centres within the same day. It is home to many nature parks and one of the few places that have a quarry within an estate itself.

 

Bluenest sells an HDB unit on average in less than three weeks. However, our track record in this Bukit Panjang constantly outperformed many other popular areas in Singapore. Almost every HDB unit sold were within a matter of days. Some were even sold without any physical viewing done. Our fastest private property ever sold was at Bukit Panjang as well!

When it comes to selling of properties, you may expect only the best from Bluenest. We are a digital real estate agency in Singapore. Powered by our Bluenest AI tools, we can help our sellers to fetch the best possible price in the quickest time possible (featured on Mothership)  

If you are planning to sell your home, do drop us a call at +65 3138 2554 today.

Your trusted advisor, all the time.

Since the pandemic, we have been experiencing BTO delays in the range of 6 to 12 months and that has led to a surge in the resale market. Now that you have issued your Option to Purchase (OTP) and secured yourself a buyer, what’s next? In short, you will be required to complete the HDB resale application. It might sound like a taunting process for many 1st time sellers but it’s actually not as hard as you think.

Fret not, in this article we will outline in details what you need to know about your HDB resale application. 

1. What is the HDB resale application
2. What are the documents needed for the HDB Resale Application
3. Resale application fee
4. What do I need to do after submitting my HDB application
5. Can I cancel my HDB resale application
6. When is the HDB resale procedure completed

1. What is the HDB Resale Application?

This is the next step after your buyer has exercised the Option to Purchase (OTP). At this stage, both your buyers and you are required to submit your respective portions to HDB, through the HDB Resale Portal. This is one of the final steps in the HDB resale process.

Quick tip:
Do remind your buyers to check on their eligibility conditions and resale requirements before submitting your resale application 

The process takes around 15-30 minutes to complete. However, you do not need to worry if you are interrupted in between as you can save your application as a draft and then continue filling it out later on.

HDB will notify both the sellers & buyers of the acceptance of the application via SMS or email and will take about 8 weeks from the date of acceptance to process your application.

2. What documents are needed for the HDB Resale Application?

You may be required to provide soft copies of some of the following documents, so do get them prepared beforehand!

• Details of Option to Purchase (I.e, OTP Serial Number, Date of Purchase, Excercise Date, Purchase Price, Option Fee/Exercise Fee)
• Seller’s particulars
• Buyer’s particulars
• Indication on whether there is an existing loan (HDB/ Financial Institution)
• Declaration regarding of purchase
• NRIC (for citizens)
• Passport and Re-Entry Permit (for non-citizens)
• Duplicate lease, if issued
• Wife’s/Husband’s endorsement on the Resale Application Form, or the Spouse Consent to Resale form if he/she is not a joint-owner
• Death certificate of the seller, if applicable
• Power of Attorney or Lasting Power of Attorney (LPA), if applicable
• Deed of Separation / Divorce Certificate (or similar), if the resale is a result of a separation and both partners were owners
• A letter of consent from the Official Assignee (applicable if selling flat after bankruptcy filing)

Your buyer will also have a number of documents to submit on their end, such as their personal income documents and HLE letter. On a side note, do ensure that your buyer has sufficient enough funds to buy the HDB flat and are familiar with the restrictions on usage of CPF and HDB loan. 

Once you’ve submitted your HDB Resale Application, do remind the buyer to submit theirs within 7 calendar days. If you fail to do so, the application will lapse and you’ll lose your application fee!

*Note: If you’re using the proceeds from the sale of this HDB to buy a new flat, you’ll need to indicate that you’re applying for the Enhanced Contra Facility on the HDB Resale Application.

 

3. What are the Resale Application fees?

Both you and your buyer will have to pay an administrative fee when submitting the Resale Application. The exact amount differs depending on the size of the flat:

Source from: HDB

Payment can be via Visa / Mastercard on the HDB Resale Portal.

After you’ve paid up, HDB will send you an SMS within 10 working days. This message will either inform you that they’ve accepted your application or that you’ve missed something out. HDB’s official acceptance marks the beginning of the 8-week processing time.

(Read also: The Costs of Selling Your Property)

 

4. What do I need to do after submitting my HDB Resale Application?

During the 8-week processing time, you’ll have a number of tasks to clear:

1. Acknowledge and endorse documents within 6 days (HDB will send you an SMS informing you when the documents are ready)
2. Pay all the legal fees online (Visa/Mastercard)
3. Schedule a date for HDB’s inspection
4. Schedule a date for the Resale Completion Appointment
5. Get HDB’s in-principle approval for the resale (usually within 2 weeks after both sides have endorsed the documents)
6. Move out of the HDB flat completely
7. Pass HDB’s inspections
8. Invite buyer to inspect the flat for vacant possession
9. Attend the Resale Completion Appointment

Throughout the 8-week timeframe, both you and the buyer can login to the HDB resale portal and check on your application status at any time. 

 

5. Can I cancel my HDB Resale Application?

You may require the buyer’s consent if you are doing it later on in the 8-week timeframe and keep in mind that the OTP is a legally binding contract that you’ll have to privately settle.

If you are firm on cancelling your HDB Resale Application, do write to HDB to inform them of your case.

Else, the application might also be cancelled under the following scenarios:

• HDB aborted or did not approve the resale (possibly due to incorrect information in the resale application by the seller or buyer)
• The buyer and seller mutually agreed to withdraw the application (by giving HDB a notice in writing)
• The buyer has insufficient funds to purchase the flat
• Either the buyers or sellers are not eligible to submit the application under the prevailing HDB policies (e.g., buyer doesn’t meet any eligibility schemes)

6. When is the HDB resale procedure complete?

Assuming all the documents have been approved and the financing has come through, you will have to attend the Resale Completion Appointment with a HDB representative (applicable even if you have engaged a HDB solicitor to act for you). However, you do need to attend if you have engaged a private solicitor as he/she can attend this appointment on your behalf.

The date of the appointment is usually around 8 weeks after the resale application has been accepted. Both seller and buyer will be notified via SMS about the exact date and time.

The HDB resale procedure may seem like a long journey, but in most cases, it is not as painful as it sounds. The time taken from exercising the OTP to completion is typically between 3 to 4 months and most of the steps in this resale procedure can be performed online. 

If you have any questions about the resale process, please feel free to reach out and schedule a non-obligatory consultation with our Bluenest advisor.

At Bluenest, we sell our properties faster, better and more efficient than the other agents in the market. This is the result of our AI tools, personalized marketing strategy & top-notch agents. At only 1% commission fees, you get to enjoy best-in-class service and expertise!

Speak to us at +65 3138 2554 or simply drop us a mail at hello@bluenest.sg

Check out our HDB success stories:

1. HDB sold in 6 days despite ethnic quota
2. HDB resale flat sold at record price

Choose the right blue. Choose Bluenest.
Your trusted advisor, all the time!

Remember those strange happenings back in Yishun a few years back which ranges from cat murder cases to paranormal events? It even had a mention from Netflix with the caption of “Is Yishun cursed, simply unlucky or struck by something stranger?” It is believed to be promoting the second season of Stranger Things, a popular sci-fi horror series. 

In this article, we will introduce the following charms in Yishun!

• Food
• Amenities
• Accessibility
• Educational facilities
• Housing
• Platforms you can leverage on to sell your house

 

Food

 Starting off with tasty food places, we definitely should not miss out ORTO which is also termed as Singapore’s hidden adventure park due to its wide variety of sporty activities that can be done as well as its long lists of restaurants housed there. 

Image source: The SmartLocal

 

From prawn farming to trampoline parks, Orto is a popular place for families to bring their kids for a fun day. Imagine the satisfaction of cooking food that you caught yourself instead of buying from the supermarket. Did we also mention that the rods and baits along with the grills are provided by them for free? 

Yet, it is not just that which captivates people but also the other attractive food options. 

Here are the list of restaurants at Orto:

• Bistro V
• BKK Bistro & Bar
• Dong Xing – The Taste of East Asia 
• Kamikaze Asian Tapas Bar
• Tasty Loong at Orto Park
• M.A.D – Modern Asian Desserts
• Mookata 
• Quench! Bistro & Bar
• SGMY
• TG Bistro

But there are definitely much more food places since Yishun is not as small as it seems. Heard about the 928 Laksa which is rated by Sethlui as possibly the best Laksa in Singapore or the Lit Lit Sin Dessert which caters for dishes from cooling dessert soup to crunchy popiah? You can imagine the daily queues that people form just to get a taste these 

 

Amenities

After eating comes an enjoyable time to shop to your heart. Yishun residents get to enjoy themselves at Northpoint City which sits at top of the list for largest shopping malls in the north side. After redeveloping  in 2017, it caters to even more activity and food options with the North wing presenting over 50 F&B concepts and the newly opened South Wing featuring the Makan Town which is literally a food precinct. Not only that, to cater to the convenience of the public, a new underground retail link is provided between Northpoint City, the Yishun bus interchange and Yishun MRT Station, which houses over 30 retail and quick serve concepts. Along with public amenities such as a rooftop community garden, public library and a town plaza, it is no wonder that we see people constantly flocking to Northpoint City for all the features it offers for activities and leisure. 

You would also be amazed to hear that there is a hot spring built in Sembawang which is not far off from Yishun. Not only can visitors enjoy the new Floral Walk with a fresh look of florals and fauna, they can also treat themselves to a relaxing and soothing food bath in the spring. 

 

Accessibility

With the Yishun Integrated Transport Hub that connects people from Yishun to the rest of Singapore, they can commute anywhere and anytime!

Also, with the new North-South Corridor expressway which links the residents between Yishun to the city, there is no doubt that convenience is going to reach a whole new level for the northern residents. Bus travel times may reduce by around 10 to 15 minutes with cycling paths introduced to cyclists, allowing them to travel to the city areas on their bikes. 

 

Educational facilities 

We understand that education is one of the biggest priorities for parents. As many primary and secondary schools spread throughout Yishun, there is no need to worry for your child’s education if you reside there. One notable point that Chongfu School is also ranked as the 8th most popular school in Singapore since 2018.

Source from MOE

Source from MOE

 

Housing

According to HDB, an estimated 196,600 residents stay in Yishun and around 62, 786 HDB flats are located there. HDB resale processes have been going strong in Yishun with prices in the Yishun HDB estate rising throughout 2020, signifying a strong demand for HDB in Yishun. Hence, if you are looking to sell your properties in Yishun, now would be the time!

Source from Mothership

HDB Resale housing price

Source from HDB

 

For those interested in private properties, you may check out Skies Miltonia, Yishun Emerald, The Canopy or Orchid Park Condominium. They had quite a number of transactions over the past one year which also showcases the popularity and possible growing prices in the future. 

 

BLUENEST

When it comes to properties, you may expect only the best from Bluenest. We are a digital real estate agency with high end backend technologies that help our sellers, to fetch them the best possible price at only 1% commission which is lower than the market rate of 2%. Hence, we managed to sell a good number of properties within the month itself and at an extremely satisfactory price!

Did we also mention that we even managed to sell listings in Yishun within 3 days at a very decent price? If you are planning to sell your home, then look no further and drop us a call. Our fastest time to sell HDB takes only 3 hours and 2 days for private! We are, your trusted advisor, all the time. Hit us up at https://www.bluenest.sg/ now!

A listing in Yishun sold by Bluenest within 3 days

Read Also:

1. HOW WE SOLD A HDB AT THE RECORD PRICE