{"id":74798,"date":"2024-05-15T18:20:46","date_gmt":"2024-05-15T10:20:46","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=74798"},"modified":"2025-07-04T19:21:44","modified_gmt":"2025-07-04T11:21:44","slug":"sell-condo-singapore","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/sell-condo-singapore\/","title":{"rendered":"A complete guide to selling your condo in Singapore (2025)"},"content":{"rendered":"
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Are you planning to sell your condo in Singapore<\/a>? While the process might seem overwhelming, there’s no need to worry. We\u2019ve prepared a comprehensive guide to help you through the condo<\/a> selling process with ease. From start to finish, we’ll provide helpful tips to ensure a smooth and successful transaction.<\/span><\/p>\r\n\r\n\r\n\r\n

Here is a step-by-step guide to selling your condo in Singapore:\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

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  1. Understand Seller\u2019s Stamp Duty (SSD) obligations<\/span><\/li>\r\n\r\n\r\n\r\n
  2. Research the market\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n
  3. List your condo<\/span><\/li>\r\n\r\n\r\n\r\n
  4. Give your home a touchup<\/span><\/li>\r\n\r\n\r\n\r\n
  5. Schedule viewings and negotiate offers<\/span><\/li>\r\n\r\n\r\n\r\n
  6. Engage a lawyer and issue the Option to Purchase (OTP)<\/span><\/li>\r\n\r\n\r\n\r\n
  7. Complete the sale!<\/span><\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n

    Understand Seller\u2019s Stamp Duty (SSD) obligations<\/b><\/h2>\r\n\r\n\r\n\r\n

    Before you list your condo for sale in Singapore, it\u2019s important to check if you need to pay the Seller\u2019s Stamp Duty (SSD)<\/a>. SSD is applicable if you\u2019re selling the condo within three years of purchase<\/a>.<\/span><\/p>\r\n\r\n\r\n\r\n

    Here\u2019s the rate for properties bought from March 11, 2017, to July 3, 2025 and from 4 July 2025 onwards:<\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
    Holding Period<\/th>\r\nSSD Rate from July 4, 2025<\/th>\r\nOld SSD Rate (from March 11, 2017, to July 3, 2025)<\/th>\r\n<\/tr>\r\n<\/thead>\r\n
    Up to 1 year<\/td>\r\n16%<\/td>\r\n12%<\/td>\r\n<\/tr>\r\n
    Over 1 year and up to 2 years<\/td>\r\n12%<\/td>\r\n8%<\/td>\r\n<\/tr>\r\n
    Over 2 years and up to 3 years<\/td>\r\n8%<\/td>\r\n4%<\/td>\r\n<\/tr>\r\n
    Over 3 years and up to 4 years<\/td>\r\n4%<\/td>\r\n0% (No SSD payable)<\/td>\r\n<\/tr>\r\n
    Over 4 years<\/td>\r\n0% (No SSD payable)<\/td>\r\n0% (No SSD payable)<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n\r\n\r\n\r\n

    Data source: IRAS<\/em><\/p>\r\n\r\n\r\n\r\n

    Payment must be made within 14 days from exercising the Option to Purchase (OTP).<\/a> If you’re close to the three-year mark, you might as well consider renting the condo out to earn some income and avoid the SSD altogether.<\/span><\/p>\r\n

    Looking for a new property close to an MRT station of your choice?<\/strong> Check out 99.co’s MRT map here<\/a>.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n

    Research the market<\/b><\/h2>\r\n\r\n\r\n\r\n

    Next, conduct thorough market research to understand the current condo market in Singapore<\/a>. Compare recent transaction prices of similar condos in your area to gauge what you can expect. This will help you determine the lowest price you are willing to accept.<\/span><\/p>\r\n\r\n\r\n\r\n

    Make sure to consider factors such as the age, condition, furnishings, and location of your property<\/a>, as these elements greatly affect your condo\u2019s value.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

    Utilising tools like the X-Value tool<\/a> can provide accurate and up-to-date estimates of your property\u2019s worth. This tool offers property insights, including capital gain calculations, nearby transaction overviews, rental value estimations, and price trend analyses<\/a>, helping you make informed decisions.<\/span><\/p>\r\n\r\n\r\n\r\n

    And if you’re still looking for your next home, try using<\/span>\u00a099.co\u2019s affordability calculator <\/span><\/a>to better determine your budget!\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

    Pro tip:<\/b> When listing your condo for sale, don\u2019t rush to accept the first offer. Take your time to research and read guides to make well-informed decisions. Alternatively, you can hire a reliable property agent in Singapore to assist you with the listing and selling process.<\/span><\/p>\r\n\r\n\r\n

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    Looking for your next home? Check out your options here<\/h4><\/div>\n
    See all listings<\/a><\/span><\/div>\n <\/div>\n
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    \n <\/div>\n
    \n \"Tembusu\n <\/div>\n
    \n
    Tembusu Grand<\/div>\n
    94 Jln Tembusu \u00b7 D15<\/div>\n
    \n
    \n \"bedroom\"\n 5<\/span>\n <\/div>\n
    \n \"bathroom\"\n 4<\/span>\n <\/div>\n
    \n 2,691 sqft<\/span>\n <\/div>\n <\/div>\n
    S$ 7,888,000<\/div>\n <\/div>\n
    \n