4 Answers

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

For HDB flats, it will take 7 to 10 days for the HDB to reply to the buyer. You’ll need to pay an admin fee of $120 for the HDB valuation. Here's what you need to know about HDB Valuation: https://www.propertyguru.com.sg/property-guides/hdb-valuation-sales-12882.

For private properties, it will generally take the same period. The valuation fee is between $400 and $500 but it could be higher in some cases when the licensed appraisers are required to perform more tasks related to the appraisal, for example, floor space measurements. Some lending banks absorb the valuation fees on the conditions that there is to be no full resumption before the loan matures.

You can get an estimate of the valuation of your property based on past transactions in your area by going to URA's site here: https://www.ura.gov.sg/realEstateIIWeb/transaction/search.action or HDB's site here: https://services2.hdb.gov.sg/webapp/BB33RTIS/BB33PReslTrans.jsp

As for a bank loan it will take around 7 days. You may find our article here useful: https://www.propertyguru.com.sg/property-guides/a-beginners-guide-to-mortgage-loans-2813

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

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Silvia Yang
Hi Sir/Madam

I will need more information to be able to advise you
Appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More

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Aaron Chong
Hi, it is the HDB buyer who is the one applying for the valuation and not the seller.

Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg Read More

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Nick Tan
Dear Sir/Mdm,

Valuation will take about 3 to 5 working days and if all your income documents are in order, the LO should be out within a week.

Please feel free to contact me if you need further assistance.

Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

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