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Purchasing a newly MOP EC is the same as purchasing a resale private home. Such purchase will be using a private agreement between the Vendor and Purchaser, in what we term as Option To Purchase.

While a typical arrangement for Option Money is 1% of purchase price upon offer and another 4% upon exercising the Option To Purchase at the law firm, this can differ and both Vendor and Purchaser will need to be agreeable with this arrangement.

It has been more and more common to have Purchasers pay above 2% Option money for a typical purchase and where Purchasers require longer option period, typical arrangement is for 5% option money as the upfront payment to owner due to opportunity costs.

Bank fees for valuation and stamping are separated from consideration and stamp duty is payable within 10 days from exercising the Option To Purchase.

Hope this helps.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

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——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to Read More

Good day to you.

When purchasing private property, buyers should be aware of the various costs involved. The Option Fee is typically set at 1% of the purchase price, while the Exercise Fee is 4%. These components are payable in cash. Following this initial payment, a down payment of 20% is required to secure the property. This downpayment can be composed of a combination of cash and/or funds from the Central Provident Fund (CPF).

In addition to these fees, several other costs need to be considered. The Valuation Fee, which assesses the property's market value, along with the agent's commission fee, and the Additional Buyer’s Stamp Duty (ABSD) are all payable in cash. However, it is important to note that you may reimburse the ABSD using your CPF funds later on.

On the other hand, the Buyer’s Stamp Duty (BSD) can be settled either through cash or from your CPF balance.

Navigating a property transaction can be complex, especially with major life events. As a seasoned property consultant with 15 years of experience, I provide informed guidance on complex property matters.

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Hi;

Buying a resale EC is the same as private condo; ie 1% Option Fee (cash) and 4% Exercise Fee (in cash).. its different from HDB purchase whereby the cap is at $5k max, for resale condo, there is no cap in the Option / Exercise fee.. It would be advisable for you to engage an agent to help you navigate thru these as a simple miscalculation will costs you the forfeiture of your Option Fee.. Anyway, for purchase of private condo / EC, you do not need to pay any agency fee. On the side note, i do have a 4bdrm resale EC for sale at Tampines and brand new EC (already TOP) in Sengkang.. pls check out the link here or PM me for more info ..
https://www.propertyguru.com.sg/listing/for-sale-arc-at-tampines-60086715

Rgds;
Lyna Song
 9623 8442 
EC Elite Tagger
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com Read More

Hi

Purchasing a newly MOP EC or resale EC is similar to buying a private property.

The norm for option fee and exercise fee is 1% and 4% respectively, adding up to a total of 5%. There is no cap and this is different to HDB procedure. This 5% will form the cash component required for the downpayment of the private property, and is payable typically within 14 days after confirming of the unit, to the seller and/or to his appointed law firm conveyancing account.

The next payment milestone, the BSD of 59600, (assuming you have sold your existing property), is also payable in cash first, at the point of exercising the option to purchase at the law firm at the 14th day mark. You can get a reimbursement later on this at completion, if your CPF OA is sufficient to cover this BSD amount and the 20% downpayment.

The 20% downpayment will be due at the completion date approx 10 weeks later, which your law firm will typically write in to apply for drawdown of CPF a few weeks in advance of the completion. The balance 75% will also be due at completion. If you are taking bank loan, the bank once approved the loan, will disburse this amount at completion.

If you are doing concurrent sale & purchase, the key is to secure a buyer first before exercising your OTP for the next private property. This will allow you to avoid the 20% ABSD upfront, which can be substantial.

I have helped clients in similar scenario to plan the same and will be happy to share more with you.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  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

Warm Regards,

Ivan Ng Realtor
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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends.

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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

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

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

Hi,

Based on 1.8m property
Option Fee (1%): $18,000 (cash, when you secure the OTP).
Exercise Fee (4%): $72,000 (cash/CPF, when you exercise the OTP within the option period).
➡️ Total upfront at OTP stage = 5% ($90,000).

For resale, you don’t need to pay the full 20% immediately like new launch ECs — it follows the private resale timeline.

BSD = $59,600 (payable within 14 days of exercising OTP)

As a buyer, you won’t need to pay any commission — so why not let me represent you and guide you through the entire process? Please take a moment to view my client testimonials below for your consideration.

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a trustworthy, honest, sincere and hardworking agent. We are happy with her service and would gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and looking out for great deals and even tailor-made property proposal geared towards their needs. Will certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)

--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our neighbourhood to understand what she was marketing. During the marketing period, she managed potential buyers and provided timely updates and recommendations so we could stay on top of the process. Overall, Jenny was professional and helped us to achieve a positive result which we are very thankful for--
Aaron ( HDB seller)

--Jenny was very passionate and went the extra miles to help. Thanks to her professional advice and recommendations, I had finally found my dream home--
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--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was also patient and client-centered throughout the process of finding a home that met our criteria. As a first-time home buyer, we appreciate how she went out of her way to explain the process and answer questions we had--
Samantha (Resale condo buyer) Read More

Hi,

The transaction payment and timeline of purchasing a resale EC is the same as purchasing a private resale condo.

You put up x% in option fee, and exercise the option within the option period. The amount of % of option fee and exercise fee is to be discussed amongst both parties. The common rate would be 1% option, and 4% exercise.

Take note that the maximum loan you can take would be up to 75% of the property purchase price, or valuation, whichever is lower.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Hi, appreciate your sharing
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More

As you may know in Singapore, it is free to engage a buyer agent for private property. I will be happy to support you on your home purchase.

Besides the financial calculations to figure out your cashflow situation, I run in-depth analysis for all my clients to help them decide whether the properties are worth buying, which will include analysis on rental yield, rental volume, demand-supply analysis, government transformation plans, exit strategy, psf analysis, capital appreciation analysis, layout efficiency etc etc

In the current times, finding the listing is the easy part as it only takes a few seconds on propertyGuru or other portals. Figuring out everything else is the other 99% of the work and what I am trained to do Read More

Hi, I’m Aren Goh from PropNex.

For a newly MOP EC that’s not yet privatised, the fees work a bit differently from HDB flats. Here’s the breakdown based on your example of an $1,800,000 EC:
1. Option Fee (1%) – This is usually on top of the 5% booking fee and is paid in cash. For your EC, 1% = $18,000.
2. Exercise Option (4%) – Also paid in cash, this is separate from the Option Fee. For your EC, 4% = $72,000.
3. 5% Cash / Booking Fee – This is your initial payment for the unit. In your example, 5% = $90,000.
4. CPF Usage – Up to 20% can be used for the down payment, in your example, $360,000.
5. Valuation Fee – Usually a small cash amount (around $500), paid to cover the property valuation.
6. BSD (Buyer’s Stamp Duty) – Paid in cash on top of the above. For your example, it’s $59,600.

Key points:
• The Option Fee and Exercise Option are separate from the 5% booking fee.
• Unlike HDB, EC option fees aren’t capped at $5,000; they’re percentage-based.

If you want, I can also illustrate the full cash + CPF breakdown for the MOP EC purchase so it’s clearer how much you need upfront. You can reach me at 9657 6701  if you’d like me to walk you through it. Read More

Key Costs When Buying Private Property

Option Fee – Usually 1% of the purchase price, payable in cash.

Exercise Fee – Typically 4% of the purchase price, also in cash.

Downpayment – 20% of the price; can be paid using a mix of cash and CPF funds.

Other Cash Payments:

Valuation Fee – Covers property market assessment.

Agent Commission – Fee for property agent services.

Additional Buyer’s Stamp Duty (ABSD) – Payable in cash initially, but can be reimbursed via CPF later.

Buyer’s Stamp Duty (BSD) – Can be settled using either cash or CPF balance.
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

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Hi,

1) You can only apply home loan from a private bank when buying a EC.
2) Under the current practice, the 25% downpayment are made up of the following components:
(a) 5% must be in cash
(b) 20% can be either cash, CPF or combination of both (any proportion).

3) At $1.8M, $90k (cash only), $360k (can be in full cash, full CPF or combination of both).
4) You are expected to pay 1% in cash, cheque or cashier order to secure the OTP.
5) The 4% (must be in cashier order) will be needed within exercise period. This cheque will be handover to your lawyer when you exercise the OTP at the law firm.
6) Make sure you secure the LO (Letter of Offer) from the bank before exercising the OTP.
7) Valuation will be free if you are taking the loan from the bank.
8) BSD ($59.6k) also must be ready within 14 days after exercising the OTP. But most law firm will ask buyer to prepare a cashier order before going to the law firm to exercise the OTP.
You might have to pay in cash first and apply for reimbursement later if you have sufficient funds in your CPF OA upon completion of the purchase. Different law firm deal with this differently.

All The Best!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

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