When selling an HDB flat, there are several fees and costs involved. Here are the common fees associated with selling an HDB flat on the open market:
This fee is payable to the Housing and Development Board (HDB) and is currently $80 for a 3-room flat and bigger, and $40 for a 1-2 room flat.
source: https://www.hdb.gov.sg/residential/selling-a-flat/resale-application/application
If you engage a property agent to help sell your HDB flat, they will typically charge a commission based on a percentage of the final selling price. The commission rate can vary and is negotiable but is typically around 1% to 2% of the selling price. We offered a 0.5% agent fee for selling your HDB flat, which benefited many HDB flat sellers. Be the next beneficiary!
The conveyancing fee covers legal services for the transfer of ownership. You can engage HDB to act for you in the sale if your mortgage loan is from HDB or without a mortgage loan. If your mortgage loan is from a bank, you will need to engage a private lawyer to act for you in the sale and redemption. Our partner law firm can charge a special fee of $1500 for HDB flat sellers.
It's important to note that fees may vary over time, so it's advisable to check the latest information on the HDB website or schedule a non-obligation discussion for professional advice and up-to-date fees for selling your HDB flat.
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