Residential
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).
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
Booking of flat
Option fee
Signing of Agreement for Lease
Collection of keys
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.
Here is an overview of the costs payable if you buy a DBSS flat or EC:
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)
Signing Sale and Purchase Agreement
Balance downpayment
1% to 3% legal fee and stamp duty
If paying instalments using CPF savings:
The developer will inform you of any other payments to make.
*Not applicable for ECs
You pay the option fee when you book your flat. The amount is based on the flat type that is booked.
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.
You pay the downpayment when you sign the Agreement for Lease. The amount you pay depends on whether you are taking a loan.
The amount to pay depends on whether you are:
Type of Loan (If Applicable)
Downpayment
(when you sign the Agreement for Lease)
10% of the purchase price
CPF and/ or cash
20% of purchase price for loan ceiling of 75%
Note: Since the maximum loan ceiling is 75%, you would also need to pay the balance 5% of the purchase price using CPF OA savings and/or cash during key collection.
20% of purchase price for loan ceiling of 55%
Note: Since the maximum loan ceiling is 55%, you would also need to pay the balance 25% of the purchase price using CPF OA savings and/or cash during key collection.
Please refer to housing loans from banks for more information on the loan ceilings for new flats.
You will have to pay at least 5% of the purchase price using your CPF and/or cash when the CPF housing grant(s) that you qualify exceed 95% of the purchase price of the flat. Excess housing grant(s), 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.
20% of the purchase price
When you sign the Agreement for Lease, the payments you may need to make include the stamp duty on the Agreement for Lease and the conveyancing fee(s).
Type of Fee
HDB’s Role
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
N
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
$25,340
Add:
Stamp Duty on Agreement for Lease
$3,268
Conveyancing fee for sale of flat
$176.55
Total deposit and fees
$28,784.55
Less:
Total downpayment and fees payable
$26,784.55
When you collect your keys, you will need to pay a survey fee. You may also need to pay registration fees and stamp duty on the Deed of Assignment.
HDB acts for you in the purchase and mortgage*
Survey fee
Lease In-Escrow registration fee
Mortgagee solicitors’ bill (Only payable if you are taking a housing loan from a bank)
* Applies if you take a housing loan from HDB
The survey fee amount is based on your flat type. Please note that the survey fee is subject to GST.
Survey Fee (Before GST)
1-Room
$150
2-Room
3-Room
$212.50
4-Room
$275
5-Room
$325
Executive Flat
$375
The stamp duty on 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 by the CPF Board. You need to be insured under HPS if you want to use your CPF Ordinary Account savings to pay your monthly 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 purchase a fire insurance policy from our appointed insurer, FWD Singapore Pte Ltd.
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.
If you have been invited to select a flat, you may check out the flats available for selection
