What Are the Costs of Selling Property in Singapore in 2025?

Thinking of selling your property in Singapore? Whether you’re selling a HDB or selling a condo, knowing the costs involved can help you plan smarter and maximise your proceeds. At Ohmyhome, we believe there should be no surprises when it comes to your money. That’s why we’re giving you the most updated, complete guide to the true cost of selling property in Singapore, with tips on how to save more.

What are the costs of selling HDB resale flat?

1. Agent’s Commission

Typical agents charge 2% of the final selling price, but with Ohmyhome, you only pay 1%. That means more cash in your pocket. Homesellers with Ohmyhome save over $15 million in commission fees across 14,500+ transactions.

Read More: Why Pay 2-3% Agent Fee For Selling HDB When You Can Do It At Only 1%?

2. Legal Fees

Approximately $2,500 to $5,000, depending on the complexity of the HDB resale flat transaction and the law firm engaged. With Ohmyhome, legal fees start from a significantly lower $1,800. This will cover the preparation and processing of all legal documents required for the sale, such as the sale and purchase agreement, title deed transfer, and liaising with relevant authorities.

3. HDB Resale Levy (if applicable)

If you are buying a subsidised HDB flat, then you may have to pay a resale levy. The amount varies based on the type of flat being sold.

A subsidised flat refers to any of the following: 

• A flat bought from HDB
• A resale flat bought with CPF housing grant
• A Design Build and Sell Scheme (DBSS) flat bought from a property developer
• An Executive Condominium (EC) unit bought from a property developer
• Other forms of housing subsidy (e.g. enjoyed benefits under the Selective En bloc Redevelopment Scheme (SERS), privatisation of HUDC estate etc.)

If you are buying a resale flat or private residential property, you need not pay the resale levy.

4. Early Redemption Penalty (if applicable)

If you have an outstanding mortgage loan with the HDB or a bank, an early redemption penalty might apply. This is usually around 1.5% of the loan amount for bank loans.

5. Valuation Fee

You will have to pay a processing fee of $120 to HDB upon submission of the Request For Value, which you will have to do after issuing the Option to Purchase (OTP). However, getting an indicative HDB valuation with Homer AI is completely free. You can do this even before you list your property for sale, to help you set the best selling price for your home.

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6. Administrative Fees

Approximately $80 for other administrative processes related to the sale.

Temporary Extension of Stay Fee (if applicable): If you need more time to move out after the sale, a $20 fee for a temporary extension of stay will be borne by the Buyers as they are the owners of the flat at the time of extension. So technically, this isn’t a cost for you.

Step-by-step guide to sell your HDB resale flat

Here’s the full HDB selling procedure in 2025:

1. Register Intent to Sell
2. Calculate HDB sale proceeds
3. Post your HDB resale flat for sale
4. Arrange viewings and conduct negotiations
5. Grant Option to Purchase (OTP) to HDB buyer
6. Discuss Temporary Extension of Stay with HDB buyer
7. Buyer will exercise the OTP and pay the Option fee
8. Submit HDB resale application
9. Contact a conveyancing lawyer
10. Endorse HDB resale documents
11. Pay legal fees and other HDB resale costs
12. Receive HDB approval letter
13. Prepare for the Resale Completion Appointment
14. Attend Resale Completion Appointment

Ready to sell your home? We’re ready to help.

Schedule a consultation with one of Singapore’s top agents.

Get started

Ready to sell your home? We’re ready to help.

Schedule a consultation with one of Singapore’s top agents.

Get started

Ready to sell your home? We’re ready to help.

Schedule a consultation with one of Singapore’s top agents.

Get started

Ready to sell your home? We’re ready to help.

Schedule a consultation with one of Singapore’s top agents.

Get started

Ready to sell your home? We’re ready to help.

Schedule a consultation with one of Singapore’s top agents.

Get started

3 factors to consider before you sell your HDB flat

1. The best time to sell your HDB flat in 2025
2. You can sell your flat before MOP only for these 3 legitimate reasons
3. Do not overprice your property 

What are the costs of selling a condo?

1. Agent’s Commission

This is typically 2% of the sale price, but only 1%* with Ohmyhome. For some, this can be negotiated, though you shouldn’t expect it from everyone. 

2. Legal Fees

Around $2,500 to $3,500, depending on the law firm and the transaction complexity. With Ohmyhome, legal fees start from a significantly lower $1,800. This will cover the preparation and processing of all legal documents required for the sale, such as the sale and purchase agreement, title deed transfer, and liaising with relevant authorities.

3. Seller’s Stamp Duty (SSD)

This is only applicable if the property is sold within the 3-year holding period. The rates are:

• 12% if sold within the 1st year.
• 8% if sold within the 2nd year.
• 4% if sold within the 3rd year.

No SSD is payable after 3 years.

4. Early Redemption Penalty (if applicable)

Usually 1.5% of the loan amount for bank loans if repaid early.

5. Valuation Fee

Typically $300 to $500 for a valuation report from licensed valuers, though if you took up a bank loan, they might provide you with an indicative valuation. Regardless, you can get a free estimated condo valuation from Homer AI for free. 

6. Condo Maintenance Fees

The condo maintenance fees you will have to pay will be pro-rated up to the date of sale. 

Step-by-step guide to sell your condo 

Here’s the full condo selling procedure in 2025:

1. Check payable Seller’s Stamp Duty (SSD)
2. Conduct market research & post condo listing
3. Home staging & renovation
4. Find buyers on Ohmyhome
5. Arrange viewings & negotiations
6. Contact a lawyer & grant Option to Purchase (OTP)
7. Complete the sale

3 factors to consider before you sell your condo

1. Some things have changed if this is your 2nd time selling 
2. Can you afford your next home?
3. You can’t buy a HDB flat until this period passes

Whether you’re a seasoned seller or a first-timer, knowing these costs upfront empowers you to make a smarter decision for your property and avoid nasty surprises throughout the transaction process. 

Drop us a message on WhatsApp or chat with us via our Live Chat to reach any of our property agents.

FAQs on the cost of selling property in Singapore

1. What is the tax on selling property in Singapore?

There is no capital gains tax on property sales in Singapore for individuals. However, if you’re in the business of property trading or flipping, IRAS may tax you under income tax laws.

2. How much is Seller’s Stamp Duty (SSD) in Singapore?

Seller’s Stamp Duty only applies to private property sold within 3 years of purchase. Rates are:

• 12% if sold within Year 1
  
• 8% in Year 2
  
• 4% in Year 3
  
• 0% after Year 3

HDB sellers are not subject to SSD.

3. What is the legal fee for selling an HDB flat?

Legal fees typically range from $2,500 to $5,000, depending on the law firm.
With Ohmyhome, you pay from just $1,800, which includes all conveyancing services.

Save on legal fees with our trusted panel of conveyancing partners.

4. Can I sell my property if I still have a loan?

Yes, you can. But you’ll need to:

• Redeem your outstanding loan (bank or HDB)
• Possibly pay an early redemption penalty, usually around 1.5% for bank loans
• Get a redemption statement and make sure it’s settled before completion

Use HomerAI to estimate how much you’ll get after paying off your loan.

5. How can I avoid Seller’s Stamp Duty (SSD)?

To avoid SSD on private property:

• Hold the property for more than 3 years before selling
• For HDB flats, SSD does not apply; however, ensure your Minimum Occupation Period (MOP) is complete

6. When is the best time to sell my property?

The best time depends on:

• Your MOP/SSD period
• Market conditions (e.g. interest rates, buyer demand)
• Your next home purchase timeline

Historically, demand rises during June holidays, year-end, and post-BTO launch periods.
With Ohmyhome, 50% of HDBs sell in 6.6 days, and 73% sell above market average.