Selling your current home and buying a new one can be very exciting. But paying for the transaction fees and stamp duties, not so much. No matter what you do, though, making payments (on time!) is integral to completing your HDB resale transaction. So we’ve come up with a definitive HDB resale payment timeline that will keep you on track of your incoming and outgoing payments when selling or buying a HDB flat.
HDB Resale Payment Timeline for Sellers
| Timeline | Journey | Payment |
| Register Intent to Sell | ||
| Post listing on Ohmyhome and start marketing | ||
| Start home viewings & conduct negotiations | ||
| Grant OTP* to Buyer *OTP needs to be exercised within 21 days | Incoming: $1-1,000 (Option Fee) | |
| Within 21 days | Buyer exercise OTP | Incoming: $1-4,000 (Exercise Fee) |
| Within agreed number of days between seller and buyer | Submit Resale Application | Outgoing: $40-80* (Resale Application Fee) *1- and 2-room: $40 3-room and bigger: $80 |
| Approx. 4 weeks later | Receive Acceptance of resale application from HDB & Endorse HDB documents | Outgoing: – $300-$500 (HDB Legal conveyancing fees) – Refund of Deposit to CPF (in the case of negative CPF sale) |
| In 8 weeks | HDB Resale Completion Appointment | Incoming: – Cash Proceeds – CPF Refund (within 2 weeks from Completion date) Outgoing: – Outstanding Property Tax (if any) – Town Council Service and Conservancy Fee (balance payment up to Completion date) – Mortgage Discharge fee (where applicable) – From $1,800 (Conveyancing Fee with Ohmyhome Legal Conveyancing Services) – 1% of the sale price (Ohmyhome Agent Fee) – Refund of $20 HDB admin fee to Buyer if there is a request for Extension of Stay |
To dive deeper into the HDB selling process, go here.
HDB Resale Payment Timeline for Buyers
| Timeline | Journey | Payment |
| Register Intent to Sell | ||
| Calculate affordability:Get HLE letter* from HDB or IPA** from a bank *Valid for 6 months from date of issue.**Valid for 2 months from date of issue. | ||
| Start home viewings & conduct negotiations | ||
| Receive OTP* from Seller *OTP needs to be exercised within 21 days | Outgoing: $1-1,000 (Option Fee) | |
| Request for Valuation of flat & Have valid HLE letter or Accept Letter of Offer from the bank | Outgoing: $120 (Request for Valuation Fee) | |
| Within 21 days | Exercise OTP | Outgoing: $1-4,000 (Exercise Fee) |
| Within agreed number of days between seller and buyer | Submit Resale Application | Outgoing: $40-80* (Resale Application Fee) *1- and 2-room: $40 3-room and bigger: $80 |
| Approx 4 weeks later | Receive Acceptance of resale application from HDBEndorse HDB documents | Outgoing: – Downpayment via CPF^ – $800-$1,000 (HDB Legal Conveyancing Fee, if applicable) – From $1,800 (Conveyancing Fee with Ohmyhome Legal Conveyancing Services, if applicable) – Stamp fees (where applicable) – $20 (HDB Admin Fee, in case Extension of Stay is granted to Seller) |
| Within 14 days of endorsing documents | Receive Approval of HDB Resale Application | Outgoing: – Buyer’s Stamp Duty – Cash Balance of Purchase Price (to cover any part of the purchase not covered by the home loan or CPF) |
| 8 Weeks upon receiving Acceptance notice | HDB Resale Completion Appointment | Outgoing: – ^Balance of Purchase Price to be paid by Cash (for amount not covered by the home loan or CPF) – Cash over Valuation (if any) – Apportioned Property Tax to be paid to Seller (pro-rated based on the portion of the year for which you own the property) – 1% of the sale price (Ohmyhome Agent Fee) Incoming: – $20 HDB admin fee for Extension of Stay (Seller to refund to Buyer) |
To dive deeper into the HDB buying process, go here.
With a property agent, you won’t even have to worry about any of this. With Ohmyhome, our agents will personally notify you about any upcoming payments you need to make so you don’t incur a late fee, and help you with your financial planning so you can manage your cash flow better through it all.
Drop us a message on WhatsApp if you’d like to meet any of our agents, or simply chat with us via our Live Chat at the bottom, right-hand corner of the screen.
+65 9755 9283 
