Quick answer
HDB resale sellers who submit their portion of the resale application on or after 7 September 2026 will receive any cash proceeds through electronic payment instead of a corporate cheque.
If HDB is acting for the sale, the seller must provide an eligible bank account through the HDB Flat Portal within three calendar days of submission. A seller using a private solicitor should provide the bank-account details directly to that solicitor.
The change at a glance
Check the submission date
The new process applies when the seller’s portion is submitted on or after 7 September 2026.
Confirm who acts for the sale
The bank-detail process differs depending on whether HDB or a private solicitor handles the conveyancing.
Provide the correct account
Use the HDB Flat Portal when HDB acts, or provide the details directly to the appointed solicitor.
Key takeaways
- The seller’s resale-application submission date determines whether the electronic-payment process applies.
- When HDB acts for the sale, bank-account details must be submitted within three calendar days through the HDB Flat Portal.
- HDB currently accepts DBS/POSB, OCBC and UOB accounts for automated account verification.
- A seller represented by a private solicitor provides the bank-account details directly to that solicitor.
- The payment-method change does not alter how estimated sale proceeds, outstanding loan repayment or CPF refund should be reviewed.
Background
An HDB resale completion may leave a seller with cash proceeds after the outstanding housing loan, required CPF refund, cash deposit already received and other applicable amounts have been accounted for. Until this transition, HDB could issue a corporate cheque for those cash proceeds.
HDB announced the change as banks move towards ceasing the processing of corporate cheques by the end of December 2026.
Latest update
HDB published its transition notice on 18 August 2026. For sellers submitting their portion of the resale application on or after 7 September 2026, cash proceeds will be paid electronically.
| Conveyancing arrangement | What the seller should do | Timing |
|---|---|---|
| HDB acts for the sale | Provide an eligible bank account through the HDB Flat Portal | Within three calendar days after submitting the seller’s portion |
| Private solicitor acts for the sale | Provide bank-account details directly to the appointed solicitor | Follow the solicitor’s transaction instructions |
HDB currently lists DBS/POSB, OCBC and UOB accounts for automated account verification. Sellers should check the current HDB instructions when submitting.
Who is affected
The change affects HDB resale sellers who submit their portion of the resale application on or after 7 September 2026 and have cash proceeds payable after completion.
Where HDB is appointed to act for the sale, the seller must provide bank-account details within three calendar days after submitting the resale application. HDB says the supported accounts are with DBS/POSB, OCBC and UOB because these banks support automated account verification.
Who is not affected
The change does not create a separate payment requirement for the buyer. Sellers whose portion of the resale application was submitted before 7 September 2026 should follow the completion and payment instructions issued for their transaction.
The change also does not mean every seller will receive cash proceeds. The final position depends on the resale price and amounts that must be settled from the sale proceeds.
What remains unchanged
The way sellers should review their financial position remains important. HDB’s guidance explains that sale proceeds may be used to settle the outstanding housing loan, return CPF savings used with accrued interest and pay other applicable amounts.
The electronic-payment change concerns the delivery of any remaining cash proceeds. It does not change the need to estimate the net proceeds carefully before committing to the next property.
Planning considerations
1. Check who is acting for the sale
Confirm the conveyancing arrangement before preparing the bank-account submission. The HDB Flat Portal process applies when HDB acts for the seller.
2. Prepare the account before submission
If HDB is acting, prepare a supported account and submit the details within the three-calendar-day window. Confirm that the account belongs to the seller and that the personal and bank details are accurate.
3. Keep the payment method separate from the calculation
Electronic payment does not establish how much cash will remain. Review the expected selling price, outstanding loan, CPF refund, cash deposit and other applicable amounts together.
4. Coordinate the next-home timeline
Do not assume the proceeds will be available before completion. Match the expected funds and key dates with the financing and completion requirements for the next property.
FAQ
Official sources
This article provides general information based on HDB’s published guidance. Sellers should check the current instructions in the HDB Flat Portal or with their appointed solicitor for their transaction.