Costs and Fees

Here are the payments you need to make when you buy a new HDB flat, Design, Build and Sell Scheme (DBSS) flat, or Executive Condominium (EC).

Overview

Buying a flat from HDB

Here is an overview of the costs payable if you buy a flat from HDB:

Stage	Payment Due	Mode of Payment
Submitting your application	$10	Credit Card (Visa/ Master Card) QR code
Booking of flat	Option fee	NETS
Signing of Agreement for Lease	Stamp duty and legal fees Downpayment	Cashier’s Order CPF
Collection of keys	Stamp duty and legal fees Home Protection Scheme Fire insurance Balance of the purchase price	Cashier’s Order CPF

If you are taking a housing loan from HDB and engaging us to act on your behalf for the purchase of a flat, you can use our Sales Financial Plan to estimate the amount payable for your flat purchase.

Buying a DBSS flat or EC from a developer

Here is an overview of the costs payable if you buy a DBSS flat or EC:

Stage	Payment Due	Mode of Payment
Submitting your application	Determined by developer	Determined by developer
Booking of flat and signing the Option to Purchase (OTP)	Option fee – 5% of purchase price (goes to the cash portion of the downpayment)	Cash Cashier’s order Cheque
Signing Sale and Purchase Agreement	Balance downpayment 1% to 3% legal fee and stamp duty	Cash Cashier’s order Cheque CPF
Collection of keys	If paying instalments using CPF savings: Home Protection Scheme* Fire insurance* The developer will inform you of any other payments to make.	Cash Cashier’s order Cheque CPF

*Not applicable for ECs

If you are taking a housing loan from HDB and engaging us to act on your behalf for the purchase of a DBSS flat, you can use our DBSS Financial Plan to estimate the amount payable for your flat purchase.

Details on costs and fees for new flats

Flat Type	Option Fee
4/ 5-room and Executive Flat	$2,000
3-room	$1,000
2-room Flexi flat	$500

The option fee forms part of your downpayment, and as such:

Taking an HDB housing loan	Option fee is reimbursed in cash if there is enough money in your CPF Ordinary Account (OA) to pay the downpayment. Otherwise, the option fee goes towards the cash portion of the downpayment.
Not taking any housing loan
Taking a bank loan	Option fee goes towards paying the 5% or 10% cash portion of the downpayment.

Downpayment for HDB flat

The amount to pay depends on whether you are:

Taking an HDB housing loan
Not taking any housing loan
Taking a bank loan

Type of Loan (If Applicable)	Downpayment	Mode of Payment
Taking an HDB housing loan	10% of the purchase price	CPF and/ or cash You can use your CPF Ordinary Account (OA) savings to make the downpayment in full. If the CPF OA amount is insufficient, the balance is to be paid in cash.
Not taking any housing loan	10% of the purchase price
Taking a bank loan	20% of purchase price for loan ceiling of 75%	5% in cash Balance using CPF OA savings
Taking a bank loan	20% of purchase price for loan ceiling of 55%	10% in cash Balance using CPF OA savings

Please refer to housing loans from banks for more information on the loan ceilings for new flats.

AHG/ SHG Recipients

You will have to pay at least 5% of the purchase price using your CPF and/or cash when the total housing grants (i.e. AHG and SHG) that you qualify exceed 95% of the purchase price of the flat. Excess housing grant, if any, can be used to pay for OCS items and premiums that singles and Singapore Citizen/Singapore Permanent Resident households have to pay, before being credited into your CPF SA/RA and MA accounts.

Downpayment for DBSS flats

The amount to pay depends on whether you are:

Taking an HDB housing loan
Not taking any housing loan
Taking a bank loan

Type of Loan (If Applicable)	Downpayment	Mode of Payment
Taking an HDB housing loan	20% of the purchase price	CPF and/ or cash You can use your CPF Ordinary Account (OA) savings to make the downpayment in full. If the CPF OA amount is insufficient, the balance is to be paid in cash. If you pay the 20% downpayment using your CPF OA savings, you may request for the 5% option fee earlier paid in cash to be reimbursed.
Not taking any housing loan	20% of the purchase price
Taking a bank loan	20% of purchase price for loan ceiling of 75%	5% in cash Balance using CPF OA savings or cash
Taking a bank loan	20% of purchase price for loan ceiling of 55%	10% in cash Balance using CPF OA savings or cash

Please refer to housing loans from banks for more information on the loan ceilings for new flats.

Overview

Type of Fee	HDB’s Role
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	Y	Y	N	N
Conveyancing fee for sale of flat by HDB	Y	Y	N	Y
Conveyancing fee for acting for buyer in the mortgage (subject to GST	Y	N	Y	N
Caveat registration fee of $64.45 (inclusive of GST)	Y	Y	N	N

Calculation of stamp duty for Agreement for Lease

Stamp duty is based on the selling price of the flat. The amount payable is calculated as such:

Before 20 Feb 2018

First $180,000: 1%
Next $180,000: 2%
Remaining amount: 3%

On or after 20 Feb 2018

First $180,000: 1%
Next $180,000: 2%
Next $640,000: 3%
Remaining amount: 4%

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.

Calculation of conveyancing fee

The fees that you may need to pay are:

Conveyancing fee for sale of flat by HDB based on the purchase price of the flat
Conveyancing fee for acting for buyer in the mortgage based on the mortgage loan of the flat

Conveyancing fees are calculated as such:

First $30,000: $0.90 per $1,000
Next $30,000: $0.72 per $1,000
Remaining Amount: $0.60 per $1,000

Please note that the minimum conveyancing fee chargeable is $20 and that conveyancing fees are subject to GST.

Caveat registration fee

The caveat registration fee of $64.45 (inclusive of GST) is payable when you sign the Agreement for Lease.

With it, a caveat is lodged with the Singapore Land Authority to protect your interest in the flat. This is done by giving notice of your interest pending the Lease registration.

Sample calculation

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.

Purchase Price of Flat: $253,400
Annual Service & Conservancy Charges: $750

Downpayment based on 10% of the purchase price	$25,340
Add:
Stamp Duty on Agreement for Lease	$3,268
Conveyancing fee for sale of flat	$176.55
Caveat registration fee	$64.45
Total deposit and fees	$28,849
Less:
Option fee	$2,000
Total downpayment and fees payable	$26,849

Payments you need to make

Type of Fee	HDB’s Role
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
Survey fee	Y	Y	Y	Y
Lease In-Escrow registration fee	Y	Y	N	N
Mortgagee solicitors’ bill (Only payable if you are taking a housing loan from a bank) Mortgagee’s legal cost and disbursements Mortgage In-Escrow Registration Fee Stamp Duty on Deed of Assignment Mortgagee’s Caveat Fee	Y	N	Y	N

* Applies if you take a housing loan from HDB

Registration fees

There are 2 types of registration fees:

Lease In-Escrow registration fee of $38.30 (fixed amount): Paid if HDB acts for you in the flat purchase
Mortgage In-Escrow registration fee of $38.30 (fixed amount): Paid if you take a housing loan from a bank

Survey fee

The survey fee amount is based on your flat type. Please note that the survey fee is subject to GST.

Flat Type	Survey Fee (Before GST)
1-Room	$150
2-Room	$150
3-Room	$212.50
4-Room	$275
5-Room	$325
Executive Flat	$375

Calculation of stamp duty on Deed of Assignment

The stamp duty on Deed of Assignment is payable if you are taking a housing loan from a bank. It is calculated at 0.4% of the loan amount, subject to a maximum of $500.

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.

On the day of your appointment to collect the keys, please produce a valid Certificate of Insurance on the new flat issued by 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.

Housing & Development Board

Costs and Fees

Overview

Buying a flat from HDB

Buying a DBSS flat or EC from a developer

Details on costs and fees for new flats

Option fee

Downpayment

Downpayment for HDB flat

AHG/ SHG Recipients

Downpayment for DBSS flats

Stamp duty and legal fees for Agreement for Lease

Overview

Calculation of stamp duty for Agreement for Lease

Calculation of conveyancing fee

Caveat registration fee

Sample calculation

Stamp duty and legal fees due during key collection

Payments you need to make

Registration fees

Survey fee

Calculation of stamp duty on Deed of Assignment

Home Protection Scheme (HPS)

Fire insurance

Recommended

Sales Launches

Flats Available for Selection

Application Status

Eligibility