{"id":1582,"date":"2024-05-17T14:52:35","date_gmt":"2024-05-17T06:52:35","guid":{"rendered":"https:\/\/www.99.co\/singapore\/glossary\/?p=1582"},"modified":"2024-05-17T14:52:35","modified_gmt":"2024-05-17T06:52:35","slug":"resale-flat-listing-rfl","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/glossary\/resale-flat-listing-rfl\/","title":{"rendered":"Resale Flat Listing (RFL)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-is-hdb-s-resale-flat-listing-rfl-service\"><strong>What is HDB\u2019s Resale Flat Listing (RFL) service?<\/strong><\/h2>\n\n\n\n<p>HDB\u2019s Resale Flat Listing (RFL) service is an online platform integrated into the HDB Flat Portal, designed to facilitate the buying and selling of resale flats. It aims to make the process more convenient and transparent for both buyers and sellers by providing a trusted marketplace where only eligible buyers and genuine sellers can list and access flats.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-the-resale-flat-listing-rfl-service-work\"><strong>How does the Resale Flat Listing (RFL) service work?<\/strong><\/h2>\n\n\n\n<p>The RFL service works as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Sellers<\/strong>: Must register an intent to sell with HDB. They can create a listing, which is automatically filled with details like the address, flat type, and floor area. Sellers only need to upload photos and descriptions. Once listed, they can set up viewing appointments that buyers with a valid HFE letter can book. Listings are automatically taken down when a request for value is submitted by a buyer.<\/li>\n\n\n\n<li><strong>Buyers<\/strong>: Can browse listings on the portal, but only those with a valid HFE letter can contact sellers and schedule viewings. Buyers can filter searches, compare up to three flats, and view personalised payment plans based on their approved housing grants and loan amounts.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-resale-flat-listing-rfl-features\"><strong>What are the Resale Flat Listing (RFL) features?<\/strong><\/h2>\n\n\n\n<p>Key features of the RFL service include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Automatic population of listing details (address, flat type, floor area).<\/li>\n\n\n\n<li>Prompts for sellers if listing prices are 10% above recent transaction prices.<\/li>\n\n\n\n<li>Single listing per flat to prevent duplicates.<\/li>\n\n\n\n<li>Verified listings to ensure authenticity.<\/li>\n\n\n\n<li>Integrated viewing appointment scheduling.<\/li>\n\n\n\n<li>Detailed listing information including recent transaction prices, amenities, and ethnicity and citizenship quotas.<\/li>\n\n\n\n<li>Personalised payment plans for buyers with a valid HFE letter.<\/li>\n\n\n\n<li>Ability to compare up to three flats simultaneously.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-list-resale-hdb-on-the-resale-flat-listing-rfl\"><strong>How to list resale HDB on the Resale Flat Listing (RFL)?<\/strong><\/h2>\n\n\n\n<p>To list a resale HDB on the RFL:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Register an intent to sell with HDB.<\/li>\n\n\n\n<li>Create a listing on the HDB Flat Portal.<\/li>\n\n\n\n<li>Upload photos and provide a description of the flat.<\/li>\n\n\n\n<li>Set preferences for extension of stay and contra transactions if applicable.<\/li>\n\n\n\n<li>Monitor and manage viewing appointments through the portal.<\/li>\n\n\n\n<li>The listing will be automatically filled with essential details from HDB\u2019s data.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-buy-a-resale-hdb-from-the-resale-flat-listing-rfl\"><strong>How to buy a resale HDB from the Resale Flat Listing (RFL)?<\/strong><\/h2>\n\n\n\n<p>To buy a resale HDB from the RFL:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Browse listings on the HDB Flat Portal.<\/li>\n\n\n\n<li>Obtain a valid HFE letter to contact sellers and schedule viewings.<\/li>\n\n\n\n<li>Filter searches based on criteria like location, flat type, and remaining lease.<\/li>\n\n\n\n<li>Compare up to three flats and view personalised payment plans.<\/li>\n\n\n\n<li>Schedule viewing appointments and, upon deciding, exercise the option to purchase.<\/li>\n\n\n\n<li>Submit the resale application through the portal.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-can-99-co-better-help-you\"><strong>How can 99.co better help you?<\/strong><\/h2>\n\n\n\n<p>99.co can better help users by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Diverse listings<\/strong>: Offering a wider range of property types, including private homes, rentals, and commercial properties.<\/li>\n\n\n\n<li><strong>Advanced search tools<\/strong>: Providing robust search filters and comparison tools to help users find properties that meet specific criteria.<\/li>\n\n\n\n<li><strong>Market insights<\/strong>: Offering market analysis and insights to help buyers and sellers make informed decisions.<\/li>\n\n\n\n<li><strong>Agent services<\/strong>: Connecting users with a broad network of property agents who can provide personalised assistance.<\/li>\n\n\n\n<li><strong>User-friendly interface<\/strong>: Maintaining a user-friendly platform with comprehensive property information, including photos, virtual tours, and detailed descriptions.<\/li>\n<\/ul>\n\n\n\n<p><strong><em>For a more detailed dive into 99.co and our services in comparison to the RFL, read more here: <a href=\"https:\/\/www.99.co\/singapore\/insider\/hdb-resale-flat-listing-service\/\" target=\"_blank\" rel=\"noreferrer noopener\">HDB Resale Listing Service: Complete guide to HDB\u2019s newly launched Resale Flat Listing (RSL) service portal<\/a><\/em><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs-on-the-resale-flat-listing-rfl\"><strong>Frequently Asked Questions (FAQs) on the Resale Flat Listing (RFL)<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-for-sellers\"><strong>For sellers<\/strong>:<\/h3>\n\n\n\n<p><strong>How do I list my flat on the HDB Flat Portal?<\/strong><\/p>\n\n\n\n<p>You must register an intent to sell with HDB. You can then create a listing by uploading photos and descriptions of your flat. Essential details like address, flat type, and floor area will be automatically filled from HDB\u2019s data.<\/p>\n\n\n\n<p><strong>Can I manage my listing myself or do I need an agent?<\/strong><\/p>\n\n\n\n<p>You can manage your listing yourself or appoint a property agent to handle it on your behalf.<\/p>\n\n\n\n<p><strong>What information is required for my listing?<\/strong><\/p>\n\n\n\n<p>Besides the automatically filled details (address, flat type, floor area), you need to upload photos and provide a description of your flat.<\/p>\n\n\n\n<p><strong>What if I want to sell my flat at a higher price than recent transactions?<\/strong><\/p>\n\n\n\n<p>If your listing price is 10% above the highest recent transaction price of similar units nearby, you will receive a prompt. You can then adjust your price if necessary.<\/p>\n\n\n\n<p><strong>How many listings can I create for my flat?<\/strong><\/p>\n\n\n\n<p>Each seller can post only one listing to avoid duplicates.<\/p>\n\n\n\n<p><strong>How are viewing appointments managed?<\/strong><\/p>\n\n\n\n<p>Once your flat is listed, you can create viewing appointments that interested buyers with a valid HFE letter can book.<\/p>\n\n\n\n<p><strong>When is my listing removed?<\/strong><\/p>\n\n\n\n<p>The listing is automatically taken down once a buyer submits a request for value after being granted an option to purchase.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-for-buyers\"><strong>For buyers<\/strong>:<\/h3>\n\n\n\n<p><strong>Who can access the listings on the HDB Flat Portal?<\/strong><\/p>\n\n\n\n<p>Any prospective buyer can browse the listings, but only those with a valid HFE letter can obtain sellers\u2019 contact details and schedule viewings.<\/p>\n\n\n\n<p><strong>What is an HFE letter and how do I get one?<\/strong><\/p>\n\n\n\n<p>An HFE letter indicates your eligibility to buy a flat, receive grants, and take up a housing loan. You can apply for it through HDB\u2019s services.<\/p>\n\n\n\n<p><strong>What information is available in the listings?<\/strong><\/p>\n\n\n\n<p>Listings include recent transaction prices of similar flats, amenities in the area, ethnicity and citizenship quotas, and other relevant details.<\/p>\n\n\n\n<p><strong>Can I compare different flats on the portal?<\/strong><\/p>\n\n\n\n<p>Yes, you can choose up to three flats to compare attributes like remaining lease, preliminary payment plans, and monthly loan repayment amounts.<\/p>\n\n\n\n<p><strong>How do I schedule a viewing appointment?<\/strong><\/p>\n\n\n\n<p>Buyers with a valid HFE letter can schedule viewing appointments directly through the portal.<\/p>\n\n\n\n<p><strong>How do I submit my resale application?<\/strong><\/p>\n\n\n\n<p>After exercising your option to purchase, you can submit your resale application through the HDB Flat Portal.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-for-property-agents\"><strong>For property agents<\/strong>:<\/h3>\n\n\n\n<p><strong>How can property agents use the HDB Flat Portal?<\/strong><\/p>\n\n\n\n<p>Agents can create listings, manage viewing appointments, and help clients search, shortlist, and compare flats.<\/p>\n\n\n\n<p><strong>What tools are available for agents on the portal?<\/strong><\/p>\n\n\n\n<p>Agents have access to a personalised dashboard that provides an overview of their clients\u2019 activities, enabling them to offer value-added services like budgeting advice.<\/p>\n\n\n\n<p><strong>Is there a cost for using the RFL service?<\/strong><\/p>\n\n\n\n<p>The service will be free of charge for the time being, unlike other property portals that charge subscription fees.<\/p>\n\n\n\n<p><strong>Can agents create multiple listings for the same flat?<\/strong><\/p>\n\n\n\n<p>No, only one listing per flat is allowed to prevent duplicates.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-general\"><strong>General<\/strong>:<\/h3>\n\n\n\n<p><strong>When will the new RFL service be officially launched?<\/strong><\/p>\n\n\n\n<p>The official launch will be later in May, following a soft launch on May 13.<\/p>\n\n\n\n<p><strong>How does the RFL service enhance transparency?<\/strong><\/p>\n\n\n\n<p>The service includes features like automatic prompts for high listing prices, verified listings to prevent duplicates, and detailed information about recent transactions and amenities.<\/p>\n\n\n\n<p><strong>What measures are in place to ensure the reliability of listings?<\/strong><\/p>\n\n\n\n<p>Listings are verified by HDB, and duplicate listings are prevented. Sellers receive prompts for unrealistic pricing, and listings are automatically deactivated when transactions progress.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is HDB\u2019s Resale Flat Listing (RFL) service? HDB\u2019s Resale Flat Listing (RFL) service is an online platform integrated into the HDB Flat Portal, designed to facilitate the buying and selling of resale flats. It aims to make the process more convenient and transparent for both buyers and sellers by providing a trusted marketplace where&hellip;<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[91,92],"tags":[],"class_list":{"2":"type-post","8":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.7 (Yoast SEO v25.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Resale Flat Listing (RFL) Definition, Understanding and Why Resale Flat Listing (RFL) is Important?<\/title>\n<meta name=\"description\" content=\"Resale Flat Listing (RFL) is an important term that helps you understand real estate industry better. 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