The Real Cost of Selling and Buying an HDB.


Are You Selling Your HDB?

Here’s an overview of the various costs related to selling an HDB.


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    Resales Application Administrative Fees

    Payable during submission of resale application, $80 for 3-room and bigger/ $40 for 1 and 2-room.

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    Legal Fees

    For transfer, amount payable is based on selling price (minimum fee of $20), if HDB’s solicitor is acting for sellerFor total discharge of mortgage, ranges from $22 to $77 based on flat type

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    Property tax

    Must be fully paid to end of the year the flat is sold

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    Service & Conservancy charges

    Paid up to date of completion (date of HDB 2nd appointment)

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    Agent/ Salesperson Commission (optional)

    Payable upon completion of the transaction. Market rates average 1-2% of transacted price. The preferred option is to DIY through Ohmyhome which allows you take control of the selling process and save on this cost.

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    Upgrading levy (if any)

    10% of selliing price or 90% of market valuation of the flat, whichever is higher

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    Upgrading costs (if any)

    Paid by seller if invoice date is before HDB 2nd appointment date

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    Resale levy (if any)

    Amount payable depends if seller’s1st subsidised was sold on/ after 3 March 2006 Ranges from $7500 to $50000


Are You Buying An HDB?

Let’s have a look at the costs related to the purchase.


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    Optional fee and deposit (Maximium $5000)

    Cash payment $1 to $5000

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    Legal fees

    Payable only when purchase price is higher than the market valuation of the resale flat

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    Initial payment

    10% of purchase price if taking HDB Loan;20% or 40% of purchase price for bank loan depending on loan ceiling

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    Resale application administrative fee

    Payable during submission of resale application, $80 for 3-room and bigger/ $40 for 1 and 2-room

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    Valuation fee

    Payable by buyer $199.25 for 3-room and bigger/ $140.40 for 1 and 2-room

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    Stamp Duty

    For Option to Purchase, calculated based on purchase price or market valuation, whichever is higher; 1% for 1st $180,000/ 2% for 2nd $180,000/ 3% for remaining amount For mortage, calculated based on 0.40% of loan amount, subjected to a maximum of $500

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    Agent/ Salesperson Commission (optional)

    Payable upon completion of the transaction. Market rates average 1% of transacted price. The preferred option to DIY through Ohmyhome allows you take control of the selling process and save on this cost.

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    Fire and mortgage insurance

    (Only if taking HDB housing loan and using CPF to pau housing loan)
    Cash payment for fire insurance of $1.80 to $8.77 based on flat typeAnnual mortgage premium will be deducted from buyer’s CPF Ordinary Account

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    Administrative fee for temporary extension of stay

    (if buyer grant seller’s request to extend stay in resale flat temporarily)
    Cash payment of $20 by buyer

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    Cash payment for balance purchase price (if any)

    Payable only when purchase price is higher than the market valuation of the resale flat