7 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

The breakdown for the fees are as follows:
1. Downpayment: 25% (5% cash and 20% cash and/or CPF)
2. Stamp duty:
a) Buyer's Stamp Duty
3. Resale application administrative fees - 3-room and bigger ($80) (cash)
4. Processing fee for Request of Valuation - $120 (cash)
5. HDB Fire Insurance - From $1.62 to $8.10 (https://www.hdb.gov.sg/cs/infoweb/residential/living-in-an-hdb-flat/fire-insurance) (cash)
6. Legal fees (assuming you are taking a bank loan):
a) For Acting in Purchase - Depends on the purchase price
b) For Acting in Mortgage - Depends on the purchase price
7. Agent fees: Subject to discussion with your agent. Assuming at 1% of purchase price: (cash)

You may refer to HDB's link here for the full costs: https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/financing/costs-and-fees

Do note you will need to set aside a Basic Retirement Sum of $93,000 in your CPF before you can utilise the rest of your CPF for your property purchase. We advise you to engage a property agent who will be able to work out the sums for you.

Hope this answers your question.

Best Regards,

Team PropertyGuru
KT Wee
Stewart Lim
Welcome for a free sharing, kindly call 9696 4398. Stewart-PropNex
Gavin Ng

Yes, commission is payable. You may text 9620 0827 for a casual chat.

Aaron Chong
Hi, if you have engage the services of an agent for assisting to purchase a HDB flat, then commission is payable and it will be at 1% with gst.

9730 8455
Ling CK

The agent does not receive any payment from the company. All income is generated from service fees or commonly known as commissions.

1) Assist in buying HDB is 1% + GST
2) Assist in buying private; both new launch and resale have no service fee incurred. The seller will pay the commission.

Other fees are as follow:
1) 10% (downpayment can be all CPF + grants) if taking HLE. Max loan 90% of LTV.
2) 25% (downpayment); 5% must be cash, 20% can be cash and/or CPF. Max loan 75% of LTV.
3) Legal fee: $1,200 (private lawyer), both dependent on the value of the purchase.
4) Buyer stamp duty (BSD): ~3% of the purchase price (Cash or CPF)
5) ABSD (Additional BSD): Applicable to PR couple only, 5% (Cash or CPF)
6) Mortgage stamp duty: $500 (Cash)
7) Valuation: $120 (HDB), $2k (private)
8) Resale application: $80 (HDB)
9) Miscellaneous:
Robbie Chen Chee Howe

If you had engaged an agent for your purchase, you will need to pay your agent a commission for securing the flat for you.

The typical commission for HDB purchase is 1% of the purchase price. Other fees include Buyer Stamp Duty (BSD or ABSD, if applicable), legal conveyancing fee and other miscellaneous fees.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty