HDBPRO

Cost Involved while buyinh a HDB Resale flat

 

In buying a resale flat, besides paying the resale price, you may have to pay some fees and other charges:

• Valuation Fees

• Resale Application Fees

• Legal Fees

• Insurance

• Administrative Fee for Temporary Extension of Stay by Flat Sellers

 

 

Valuation Fees

You will need to pay the valuation fees when you make a request for a valuation report as follows:

 

1 and 2-room -     

 

$140.40*

• Valuation Fee: $120

• GST : $8.40

• Administrative Fee: $12

 

3-room and bigger - 

 

$199.25*

• Valuation Fee: $175

• GST : $12.25

• Administrative Fee: $12

 

* The non-refundable fees paid comprises valuation fee, administrative fee and Goods and Services Tax (GST).
- Payment will have to be made by credit card for submissions through the e-Resale system. For submissions through the Estate Agent Toolkit, payment must be made by GIRO.

 

 

 

 

Resale Application Fees

All resale application fees have to be paid online either via the Estate Agent Toolkit or the e-Resale system. Depending on the flat type, the fees payable by buyers and sellers are as follows:

 

1 and 2-room - Administrative Fee - payable by buyer and seller ($40*)

 

3-room and bigger - Administrative Fee - payable by buyer and seller ($80*)

 

- Payment will have to be made by credit card for submissions through the e-Resale system. For submissions through the Estate Agent Toolkit, payment must be made by GIRO.
* The non-refundable fees paid includes GST.

 

 

Legal Fees

The legal fees you have to pay depends on the solicitor you appoint to act for you.
Read more on the Legal Fees Payable when appointing the HDB to act for you in the purchase.

You may work out an estimate of the legal fees payable if you engage the HDB to act for you in the transaction.

 

Insurance

 

If you are taking a loan from the HDB, you must buy a Fire Insurance from the Insurance Agent appointed by the HDB. You must produce a valid Certificate of Insurance issued by the HDB’s appointed insurer on the date you complete the purchase of the resale flat.The appointed insurer is Etiqa Insurance Pte Ltd (ETIQA). For more details on the HDB Fire Insurance, you may:

• Call ETIQA's enquiry line on 6331 9253 or

• Visit the ETIQA's website.

 

Administrative Fee for Temporary Extension of Stay by Flat Sellers

An admin fee of $20 (inclusive of GST) is payable to HDB if you have agreed to the sellers’ request to temporarily extend their stay in the resale flat.