HDB launches new Resale Flat Listing service

The service notifies sellers if their listing exceeds nearby prices by 10%+.

Owners of HDB flats will soon be able to list and market their units independently on a new Housing and Development Board portal.

Flat sellers may also appoint a property agent to list their units in HDB’s new Resale Flat Listing (RFL) service.

HDB will roll out the RFL service in two phases, with its soft launch slated for 13 May.

During the soft launch, eligible flat sellers and their appointed property agents can familiarise themselves with its features.

Once fully launched by late May, prospective buyers can use the RFL service.

“The RFL service’s list of HDB flats on the open market for sale will be integrated with existing information on the HDB Flat Portal, including new BTO flats, a one-stop loan listing service, customisable financial calculators, as well as information on the HDB Flat Eligibility (HFE) letter,” HDB explained.

Flat sellers must have a valid Intent to sell, whilst buyers will need a valid HFE letter to access the full suite of features of the RFL service once fully launched.

Listings in the RFL service are verified and non-duplicative, enhancing the accuracy and reliability of the listing service.

“Coupled with access to the HDB Flat Portal via Singpass for all users’ interaction, the RFL seeks to create a more secure and conducive marketplace for sellers and buyers of HDB flats to transact, with or without the facilitation of property agents,” HDB said.

Another feature of the RFL service is that sellers will get notified if their listing price exceeds the highest transacted price of nearby units of the same flat type by 10% or more in the past six months.

“Sellers can make a more informed decision on the listed price for their unit, which also makes for a more sustainable property market in the long run,” HDB said.

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