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Hi,

You can follow this link for information on the Option fee.
https://www.hdb.gov.sg/buying-a-flat/resale-flats/process-for-buying-a-resale-flat/option-to-purchase
If you need more information or assistance, feel free to contact me

Dennis Ooi
 91382374 
Propnex Realty Read More

The maximum amount for HDB option money and exercising fees is $5,000 in total. It is not fixed but subject to agreement between buyer and seller. As far as I am concern, in order to lock in purchaser, I'd highly advise my owners to demand the first payment to be at $1,000 (which is the maximum) such that they do not lose out to opportunity, given that HDB option period is 3 weeks, what if the purchaser does not proceed to exercise the Option To Purchase.

I have encountered on a number of occasions where buyers have more than 2 Option To Purchases granted to him/her. They submitted for valuation and decided based on the outcome and their preferences.

——

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Good day to you.

Understanding the conditional requirements of any S&P agreement is essential for DIY buyers. The HDB Option Fee is capped at $1,000, while the Exercise Fee is capped at $4,000. The actual amount payable will be negotiated with the seller. It is important to note that the Option Fee is non-refundable if the buyer fails to secure the required financing or decides not to exercise the OTP.

Navigating a property transaction can feel overwhelming, especially when it intersects with major life events.
With over 15 years of experience as a property consultant, my role goes beyond market knowledge — it is to provide clarity, structure, and peace of mind through complex decisions.

I regularly assist clients with sensitive and non-standard situations, including:
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If you’re seeking clarity rather than pressure, I’m happy to have a conversation to understand your situation and outline possible next steps.

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Hi, appreciate your sharing over PropertyGuru, it depends on your current situation and seller situation.
Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart
PropNex Senior Associate Division Director Read More

Hi

It is possible to negotiate on this, but the option fee is typically 1k so most sellers will feel more assured that the buyer will proceed. For exercise fee I have encountered cases with 1k as well. It all depends on how the seller feels about the situation.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 home-owners to smoothly complete their housing plans over the years. Please reach out to me at (65) 9 7 4 3 2 3 9 5 for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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I would be glad to assist you.
Feel free to contact me at
wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

The $5000 you are referring to is the maximum set by HDB, not a required fixed amount. (the minimum is $1)

This is something an experienced agent can negotiate should you wish to negotiate this point specifically, although you can also just fix it at $5000 if it does not matter much to you.

Meanwhile, just last month, I negotiated about $80k in savings for a HDB buyer.

Aside from sourcing, I can advise on market outlook, negotiation, financial management, timeline management and the HDB paperwork.

I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy.

If you're looking to buy something, might as well spend less by having a professional agent help on getting you the best price and support the process.

Please reach out via my details below and we can chat further :)

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

✔1 The HDB Option Fee and Exercise Fee together are capped at a maximum of $5,000, with actual amounts subject to negotiation between buyer and seller.

✔2 The Option Fee is typically up to $1,000 and is paid first to secure the Option To Purchase during the option period.

✔3 The Exercise Fee is usually up to $4,000 and is paid when the buyer proceeds to complete the purchase.

✔4 The option period generally lasts about 3 weeks, during which the buyer decides whether to proceed with the purchase.

✔5 The Option Fee is generally non-refundable if the buyer chooses not to exercise the option.

✔6 Structuring the initial payment higher can help secure commitment from a buyer, depending on negotiation between both parties.

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Hi,

1) The deposit consists of option fee ($1~$1,000) and exercise fee ($1~$4,000) are not fixed.
2) Whether the agent negotiate on this shall depends on the following:
(a) Bank or HDB loan
(b) Buyer(s) CPF OA situation
(c) Buyer(s) has any grant
(d) Seller(s) selling situation

3) We will negotiate based on needs and not just for fun.

All The Best!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 9011*0636 or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
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https://www.linkedin.com/in/ckling/
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