Your family is itching to move to a new home. You have decided — you are going to sell your current home for a bigger and fancier home. But there is just one problem: You are unsure of the expenses to be paid before selling your house.
Here are the things you need to pay before selling off your home:
- Outstanding home loan
- Legal fees (also known as conveyancing fees)
- Property agent commission
- CPF savings plus accrued interest (to be paid back into your own account)
- Seller’s Stamp Duty (if applicable)
- Property tax
- Maintenance fee
If you are selling your HDB flat, you may also have to pay for:
- Resale application admin fee
- Resale levy
- HDB upgrading costs
Fees and costs to pay before selling your house
1. Outstanding home loan
If your home loan is not fully paid off yet, you will need to pay off the outstanding amount to HDB or the bank before you can sell your house.
On top of that, if you are selling your house during the lock-in period of the home loan, the bank will charge you an early redemption fee.
2. Legal fees
Legal fees are also known as conveyancing fees. This is for the process of transferring the property title from you to your buyer.
For HDB flat
After HDB has received the resale application from both the buyer and seller, you will be asked to endorse the resale documents via the HDB Resale Portal. This is when you need to pay the legal fees.
You have the option to engage HDB’s solicitor to act for you, or hire a private lawyer to handle the paperwork. The cost will depend on this.
If you want to get a quick estimate of the legal fees, you can use HDB’s Legal Fees Enquiry Facility.
If you are hiring a private attorney, the conveyancing fee for the discharge of the housing loan will be the same if it is an HDB loan. But for the rest, it will depend on the lawyer.
Thus, you will want to first discuss their fees before appointing one to act on your behalf.
There are three main accepted payment methods, namely credit card, AXS, and PayNow. You can also use your CPF savings to pay for the legal fees portion (i.e. excluding Title Search Fee, Registration fee, and Miscellaneous fees).
For private property
The conveyancing fee is about S$2,500 to S$3,000. Depending on the law firm, you may pay it with CPF.
3. Property agent commission
If you are using a property agent to sell your house, pay the agent commission, too.
While there is no fixed rate on how much you need to pay your agent, these rates (as a percentage of the selling price) are a common practice:
- HDB flat: 2%
- Condo: 2% – 4%
- Landed: 2% (or more)
If the agency is GST-registered, you will also have to pay GST on the commission.
There is no hard and fast rule on the commission rates; it’s negotiable. Before appointing a property agent to help you sell the house, be sure to discuss with them on the commission rate.
You can read more about the property agent commission rates here.
4. CPF savings plus accrued interest
When you sell your house, you will need to refund to your CPF account the CPF savings you have used to pay for the house. For instance, you have used your CPF savings to pay for the down payment and monthly instalments, so you will have to refund the amount back (in cash) to your CPF account.
For HDB flats, if you have taken CPF grants before, you will need to refund the amount back to your own CPF account as well.
On top of all these, refund the 2.5% accrued interest that you would have earned if your CPF savings were not withdrawn to pay for the house.
Read this article to find out more about how this affects your property sale proceeds.
If it is any consolation, the good news is that the refunded amount (principal + accrued interest) can pay for your next house. So depending on how you look at it, this may or may not be a cost.
HDB flats for sale
3
1
2
2
2
2
2
2
2
1
2
2
2
2
2
1
2
1
3
2
2
2
3
2
3
2
2
2
2
1
2
2
2
1
2
2
2
1
2
1
2
1
2
2
2
2
3
1
2
1
3
2
2
1
2
2
2
2
2
2
2
1
2
2
2
2
2
2
2
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
4
2
4
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
1
3
2
3
2
3
2
3
2
3
2
4
2
4
2
3
2
4
2
3
2
3
2
3
2
3
2
3
2
3
2
4
2
4
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
3
2
4
2
3
2
3
2
3
2
3
2
4
2
3
2
3
2
3
2
3
2
3
2
3
2
4
2
3
2
3
2
3
2
4
2
4
2
4
2
4
3
3
2
4
2
3
2
4
3
5
2
4
2
4
2
3
3
4
2
3
2
4
2
4
2
3
3
4
2
4
2
3
2
3
2
4
2
4
2
4
2
4
3
3
2
3
3
4
4
4
2
4
2
3
2
5. Seller’s Stamp Duty (SSD)
The Seller’s Stamp Duty (SSD) is payable if you sell or transfer your property within three years. So for most HDB owners, they do not have to pay this because of the five-year MOP.
(Although you may enjoy a remission if the property is transferred because of a divorce or if it is an HDB flat to be transferred within the family. Head over to IRAS’ page on SSD for more information on this.)
Here’s the rate for properties bought from March 11, 2017, to July 3, 2025 and from 4 July 2025 onwards. The SSD payable is rounded to the nearest dollar.
| Holding Period | SSD Rate from July 4, 2025 | Old SSD Rate (from March 11, 2017, to July 3, 2025) |
|---|---|---|
| Up to 1 year | 16% | 12% |
| Over 1 year and up to 2 years | 12% | 8% |
| Over 2 years and up to 3 years | 8% | 4% |
| Over 3 years and up to 4 years | 4% | 0% (No SSD payable) |
| Over 4 years | 0% (No SSD payable) | 0% (No SSD payable) |
There are several ways of paying the Seller’s Stamp Duty. This includes:
- GIRO
- PayNow
- AXS
- Internet Banking
- SingPost
- Cheque/Cashier’s Order
6. Property tax
The annual property tax is usually paid in January for the entire year. So if you sell your flat in June, this means you have paid the buyer’s portion of the property tax in advance as well.
But this is not exactly a cost, as you can get the buyer to reimburse you.
Before the house is transferred to the buyer, the lawyer, or HDB officer (for HDB flats) will help apportion the current year tax between you and the buyer.
So, for HDB flats, you will need to submit the tax payment receipt during the flat sale completion appointment.
The property tax is calculated by multiplying your flat’s Annual Value (AV) with the applicable tax rate. The AV is your flat’s estimated gross rent for one year if it has been leased out. IRAS determines it based on prevailing market rates.
Here are the median AVs for HDB flats and private residential properties for 2021. (As of this update, the figures for 2022 have not been published yet.)
| Property category | Property type | Median Annual Value (S$) for 2021 |
| HDB | 1- or 2-room | 5,340 |
| 3-room | 8,220 | |
| 4-room | 10,140 | |
| 5-room | 10,980 | |
| Executive and Others | 11,340 | |
| Private | Non-landed (including Executive Condominiums) | 23,400 |
| Landed | 37,200 |
For owner-occupied homes
Owner-occupied homes enjoy a lower tax rate.
As of 1 January 2023, owner-occupied homes with an AV between S$8,000 and S$30,000 are subject to a tax rate of 4%.
For those with an AV of more than S$30,000, the tax rate on the excess is 5% to 23%. From 1 January 2024 onwards, the tax rate on the excess will be increased to 6% to 32%.
For non-owner-occupied homes
Meanwhile, the tax rates for non-owner-occupier residential properties are higher.
As of 1 January 2023, the tax rate ranges from 11% to 27%, before increasing to 12% to 36% from 1 January 2024.
You can use the IRAS Interactive Property Tax Calculators to find out the property tax you need to pay.
The preferred method of payment for property tax is GIRO. Other acceptable payment modes include:
- PayNow
- AXS
- Internet banking
- SingPost
Condos for sale
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
1
2
2
2
2
2
1
2
2
2
1
2
1
2
2
2
1
2
2
2
2
2
2
2
1
2
2
2
2
2
1
2
1
2
3
2
1
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
1
2
2
3
3
3
2
3
3
3
2
3
3
3
3
3
3
3
3
3
2
3
3
3
2
3
3
3
3
3
2
3
2
3
3
3
3
3
3
3
2
3
3
3
2
3
2
3
3
3
3
3
2
3
3
3
2
3
3
3
3
3
4
3
3
3
2
3
2
3
3
3
2
4
3
4
3
4
4
4
4
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
4
4
3
4
3
4
2
4
3
4
3
4
4
4
3
4
3
4
3
4
2
4
3
4
3
4
3
4
3
4
4
4
3
4
3
4
3
4
3
4
4
4
2
4
3
4
2
5
5
5
3
5
5
5
2
5
3
5
3
5
2
5
4
5
3
5
3
5
4
5
5
5
4
5
4
6
2
5
5
5
4
5
4
5
4
5
4
5
4
5
5
5
5
5
3
5
4
5
4
5
4
5
3
5
4
5
3
5
6
5
5
5
4
5
4
5
4
7. Maintenance fee
For HDB flats, this is the Service and Conservancy Charges (S&CC), which you will have to pay up to the day of the resale completion. Be sure to settle this before the resale completion appointment.
As for condos, the monthly maintenance fee is usually paid every quarter. So you may need to get reimbursement from the buyer for it.
Selling your HDB flat? Here are the fees you may need to pay
On top of the above fees, you may have to incur things like the resale levy when you sell your HDB flat.
1. Resale application administrative fee
Both the seller and buyer are required to fork out the administrative fee when they submit their respective portion of the resale application through the HDB Resale Portal.
| Flat type | Resale application fee (inclusive of GST) |
| 1-room or 2-room flat | S$40 |
| 3-room or larger flat | S$80 |
There are three accepted payment methods for the administrative fee. Via the HDB Resale Portal, you can pay with either.
- Credit card (Mastercard or Visa)
- PayNow
- AXS
If you have engaged a licensed property agent, they can help you submit the application using their Estate Agent Toolkit.
2. Resale levy
You will need to pay the resale levy if you are buying a second subsidised flat. Here are a few scenarios in which you have to pay for it:
| First HDB flat | Second HDB flat | Need to pay resale levy? |
| BTO/ SBF/ open booking (i.e. buying directly from HDB) | BTO/ SBF/ open booking | Yes |
| BTO/ SBF/ open booking | New launch EC | Yes |
| Resale flat with grants | BTO/ SBF/ open booking | Yes |
| New launch EC | BTO/ SBF/ open booking | Yes |
When you will need to pay for it depends on when you sell off your first subsidised flat. For instance, if you sell your first subsidised flat before getting the keys to your second subsidised flat, pay your resale levy in cash upon getting the keys to your second flat.
If you complete the purchase of your second subsidised flat (i.e. key collection) before selling your first subsidised flat, your resale levy will be deducted from the sale proceeds, with any shortfall to be paid in cash.
Learn more about the resale levy here.
3. HDB upgrading costs
If your flat has undergone any of these upgrading programmes, you will need to pay the upgrading costs:
Before the resale transaction can be completed, pay the outstanding upgrading cost in full.
This can be deducted from the cash proceeds of selling the flat, after deducting the outstanding mortgage, HDB charges, and CPF refund. Otherwise, pay it in cash.
Otherwise, if the invoice is issued after the resale completion is completed, the buyer will have to pay for it.
Head over to HDB’s website for more information on this.
Planning to sell your HDB flat? Let us help you by connecting you with a property consultant.
If you found this article helpful, 99.co recommends What an HDB second-timer must know before deciding to sell and 6 signs and steps to find out if your house has unrealised gains.
About 99.co
We are a property search engine with the overarching goal of building a more transparent and efficient property market. We are working towards that future by empowering people with the tools and information needed to find a place to live in the best way possible.
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
Join our social media communities!
Facebook | Instagram | TikTok | Telegram | YouTube | Twitter
