Property tax (at non-owner-occupied rates during the extension period).Service & Conservancy Charges (without rebates during the extension period).ConditionsĪs legal owners of the flat, buyers must pay for the costs and expenses relating to its ownership from the resale completion date, including the period of the extension of stay by the sellers. In agreeing to allow you the temporary extension of stay after the resale completion, buyers must fulfil some terms and conditions as owners of the flat. The buyers are the legal owners of the flat upon the completion of the resale transaction. Terms & Conditions for Temporary Extension of Stay (PDF, 131KB) We will then process the request and inform you and the buyers to endorse it before the extension commences on the resale completion date. You must also submit the request via at the time of the resale application. You do not have to pay an administrative fee for the request. You must state in your portion of the resale application that there is an arrangement for temporary extension of stay. Be the contra party if the transactions are under the Enhanced Contra FacilityĪdministrative fee and submission procedure.Not be renting out the whole flat at the time of resale application.Have committed to buy a completed property (can be another HDB flat or private residential property) in Singapore at the time of the resale application, i.e., exercised an Option to Purchase or signed a Sale and Purchase Agreement.

To be eligible for the temporary extension, you must: There will be no further extension beyond the 3 months. The extension of stay will be terminated automatically at the end of 3 months. If you have committed to buy a completed property in Singapore and need more time to move out, you can arrange with the buyers for a temporary extension of stay in the flat for up to 3 months after the resale completion. The buyers are the legal owners of the flat at the resale completion date, and you and all occupants of the flat need to move out by the completion date.

Loan agreement extension template