Here are the payments you need to make when you buy a new flat from HDB, or a Design, Build and Sell Scheme (DBSS) flat, or an Executive Condominium (EC) unit from a property developer.
Here is an overview of the payments required if you buy a flat from HDB:
Mode of Payment
Booking of flat
Option fee (forms part of the downpayment)
Signing of Agreement for Lease
Collection of keys
If you already have a flat in mind, you can use our payment plan calculator to estimate the payments required at the various milestones in your flat buying journey.
Here is an overview of the amounts payable if you buy a DBSS flat or an EC unit:
To be determined by developer
Booking of flat and signing the Option to Purchase (OTP)
Option fee – 5% of purchase price (forms part of the cash portion of the downpayment)
Signing Sale and Purchase Agreement
1% to 3% of purchase price as legal fee and stamp duty
If paying mortgage loan instalments using CPF savings:
The developer will inform you of any other payments to be made.
*Not applicable for purchase of an EC unit
You will have to pay an option fee when you book a flat. The amount payable is based on the flat type booked.
4-room and bigger
The option fee will form part of your downpayment.
You will have to pay the downpayment when you sign the Agreement for Lease. The amount payable will depend on the housing loan taken.
The amount payable will depend on whether you are:
Type of Loan (where applicable)
(when you sign the Agreement for Lease)
Taking an HDB housing loan
10% of purchase price
CPF and/ or cash
Not taking any housing loan
Taking a housing loan from an FI
20% of purchase price for loan ceiling of 75%
Note: As the maximum loan ceiling is 75%, you will also need to pay the balance 5% of the purchase price using your CPF OA savings and/or cash during key collection.
20% of purchase price for loan ceiling of 55%
Note: As the maximum loan ceiling is 55%, you will also need to pay the balance 25% of the purchase price using your CPF OA savings and/or cash during key collection.
Please refer to Housing Loans from Financial Institutions for more information on the loan ceilings for purchase of new flats.
You will have to pay at least 5% of the purchase price using your CPF savings and/or cash when the CPF housing grant that you qualify for exceeds 95% of the purchase price of the flat. Excess housing grant amount (if any), can be used to pay for any Optional Component Scheme items and the price premiums that single applicants and Singapore Citizen/Singapore Permanent Resident households have to pay, before it is credited into your CPF SA/RA and MA accounts.
Type of Loan (If Applicable)
20% of the purchase price
Note: As the maximum loan ceiling is 75%, you will also need to pay the balance 5% of the purchase price using CPF OA savings and/or cash during key collection.
When you sign the Agreement for Lease, the payments you need to make may include the stamp duty on the Agreement for Lease and the conveyancing fee(s).
Type of Fee
HDB acts for you in the purchase and mortgage
HDB acts for you in the purchase only
HDB acts for you in the mortgage only
HDB is not acting for you
Stamp duty on Agreement for Lease
Conveyancing fee for sale of flat by HDB
Conveyancing fee for acting for buyer in the mortgage (subject to GST
Stamp duty is based on the selling price of the flat. The amount payable is calculated as such:
Before 20 Feb 2018
On or after 20 Feb 2018
You can also use the Stamp Duty Calculator from the Inland Revenue Authority of Singapore website to calculate the stamp duty payable for your flat purchase.
If applicable, you will subsequently need to pay an annual stamp duty on your Service & Conservancy Charges (S&CC) for the year. This is 0.40% of 4 times the S&CC amount for the year. This annual stamp duty is applicable if S&CC for the year plus annual rent of $1 is an amount exceeding $1,000.
The fees that you may need to pay are:
Conveyancing fees are calculated as such:
Please note that the minimum conveyancing fee chargeable is $20 and that conveyancing fees are subject to GST.
The following is an example of the amount payable for a 4-room flat when signing the Agreement for Lease if you take an HDB loan and engage HDB to act for you for the purchase of your flat.
Downpayment based on 10% of the purchase price
Stamp Duty on Agreement for Lease
Conveyancing fee for sale of flat
Total deposit and fees
Total downpayment and fees payable
When you collect the keys to the new flat, you will need to pay a survey fee. You may also need to pay the registration fees and stamp duty on the Deed of Assignment.
HDB acts for you in the purchase and mortgage*
Lease In-Escrow registration fee
Mortgagee solicitors’ bill (Only payable if you are taking a housing loan from a financial institution)
* Applicable if you are taking a housing loan from HDB
The survey fee payable is based on the flat type you are buying. Please note that the survey fee is subject to GST.
Survey Fee (Before GST)
The stamp duty for the Deed of Assignment is payable if you are taking a housing loan. It is calculated at 0.4% of the loan amount, subject to a maximum of $500.
HPS is a mortgage-reducing insurance scheme offered by the CPF Board. You will need to be insured under HPS if you want to use your CPF Ordinary Account savings to pay your monthly loan instalments.
In the event of permanent disability or death before the insured person turns 65, the CPF Board will pay the outstanding housing loan amount, based on the amount insured under HPS.
The premium is paid annually using your CPF savings or cash. The premium amount depends on factors such as your declared percentage of coverage, loan amount, age, and gender.
For more information on HPS, you can get an HPS booklet from HDB Hub, call the CPF Board at 1800-227-1188, or visit the CPF Board website. The CPF Board website also has a Home Protection Scheme Premium Calculator you can use to estimate the HPS premium amount.
If you are taking a housing loan from HDB, you will have to buy a fire insurance policy from our appointed insurer.
On the day of your appointment to collect the keys, please produce a valid Certificate of Insurance on the new flat issued by our appointed insurer, FWD Singapore Pte Ltd (FWD).
For more details about the HDB Fire Insurance, you may call FWD’s enquiry line at 6820-8888, or visit the FWD's website.