Hi! Yes you absolutely can rent out your HDB without an agent — it is entirely legal and possible. Let me break down the costs honestly for you.
Yes You Can DIY — Here Are the Costs Involved:
1. HDB Approval Application:
Mandatory before renting out — apply at www.hdb.gov.sg
Application fee — $20 per application
Approval is typically granted within 7 working days if all documents are in order
2. Listing and Advertising Costs:
PropertyGuru — paid credits required, typically $50 to $150 per listing depending on package
99.co — similar paid listing structure
Facebook rental groups — free but less targeted
Carousell — free listing option available
3. Tenancy Agreement:
You can download a standard template online for free
However having a lawyer draft or vet it properly costs approximately $200 to $500
Strongly recommended to protect yourself legally as landlord
4. Stamp Duty — Mandatory:
Must be paid within 14 days of signing tenancy agreement
Calculated at 0.4% of total rent for lease duration
Example — $2,000/month on a 1 year lease = $24,000 total rent = approximately $96 stamp duty
Done online via IRAS e-Stamping portal
5. Miscellaneous:
Inventory list preparation — free if done yourself
Professional photography — optional but recommended, approximately $100 to $200
Total Estimated DIY Cost:
Approximately $300 to $600 depending on whether you engage a lawyer for the tenancy agreement and which listing platforms you use.
What You Give Up Going DIY:
No tenant screening — you handle all enquiries yourself including time wasters
No negotiation buffer — tenants negotiate directly with you
Legal risk if tenancy agreement is not properly drafted
Time spent on viewings and follow ups
My Honest Take:
For a whole unit rental, engaging an agent at one month commission paid only upon success is often worth it — the tenant quality, legal protection and time saved usually justifies the cost. For a room rental the DIY route is more manageable.
Are you looking to rent out a whole unit or just a room? Happy to advise further based on your specific situation!
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