Selling your HDB or condo in Singapore can come with a lot of costs, but what if you could cut those down significantly? Whether you’re a seasoned seller or selling your first home, knowing everything you’ll have to pay for will help you maximise your sale. Not to mention, when you choose Ohmyhome, which offers a competitive rate of 1%, you get to keep more of your hard-earned profits. Here’s how much of a difference that makes in your total payable cost.
What to expect when selling HDB
| Selling Cost | Description | Amount |
|---|---|---|
| Outstanding Home Loan | Remaining loan balance that must be cleared before the sale | Varies |
| CPF Savings Plus Accrued Interest | Refund to CPF account including accrued interest | Varies |
| Property Valuation Fee | HDB valuation fee | $199.25 |
| Conveyancing Fees | Legal fees for the transfer of property ownership | $2,500 – $3,000 |
| Agent Commission | Fees for property agent services | Freelance Agents: 2% – 3% Ohmyhome: 1% of sale price |
| Service & Conservancy Charges (S&CC) | Outstanding fees payable to the town council | Varies per area |
| Miscellaneous Costs | Minor repairs, cleaning services, and other preparation costs | $500 – $2,000 |
| HDB Administration Fee | Fee for processing the resale application | $40 – $80 |
#1: Home valuation
Before you even list your property, getting a home valuation is crucial. We’ve said it before and we’ll say it again: an accurate valuation ensures you’re not underpricing your property, which could lead to a massive loss, or overpricing it, which might result in staying on the market for too long.
For HDB flats, the official valuation is handled by HDB-appointed valuers for around $199.25 (including GST). Once you’ve issued the OTP to the buyer, they can submit a Request for Value to HDB to get an appraisal.
However, you could also get an estimated home valuation before your property is listed for sale. Simply enter your address below and our genius tool HomerAI will tell you what your home is worth in today’s market.
You’ll also get a full market report, complete with price trends and a breakdown of past transactions in your area.
#2: Legal conveyancing
Legal fees are another must. This ensures the smooth and legal transfer of property ownership, which usually involves the preparation of documents, discharge of mortgage, and handling of the Option to Purchase (OTP).
Legal conveyancing fees typically range from $1,300 to $3,000, with the average at around $2,500. At Ohmyhome, we offer competitive rates for legal services, starting at just $1,850 nett, so you get the best legal service at a competitive rate, without compromising on quality.
#3: Outstanding home loan
You’re also required to clear your outstanding home loan so your property can be transferred to the new owner. Your outstanding loan amount depends on how much you borrowed initially, how long you’ve been repaying the loan, and the loan interest rate.
#4: CPF savings with accrued interest
The CPF monies you used to pay for your property will also have to be refunded, including the interest it would have earned if it remained in your account. This ensures your retirement savings stay on track.
#5: Agent commission
Hiring an agent might seem like an additional cost, but their expertise, negotiation skills, and ability to manage the entire process can save you time, stress, and ultimately, money. There’s so much more to a transaction than merely listing your property for sale, so we wouldn’t recommend selling your home without an agent — even if you can use AI to get expert property market information.
That said, you can choose the most competitive rate in the market today.
Traditional property agents, usually from one of the big agencies like ERA or PropNex, typically charge between 2% and 3% of the property’s sale price. For a $1,000,000 property, that’s up to $30,000 just in commission!
But with Ohmyhome, our 1% commission means you save big—leaving more of your sale proceeds in your pocket.
How much you save with Ohmyhome’s 1% commission
Let’s get down to numbers. Let’s assume you’re selling an HDB or condo for $1,000,000:
| Property Sale Price | Traditional Agent (2% Commission) | Traditional Agent (3% Commission) | Ohmyhome (1% Commission) | Savings with Ohmyhome (Compared to 2%) | Savings with Ohmyhome (Compared to 3%) |
| $1,000,000 | $20,000 | $30,000 | $10,000 | $10,000 | $20,000 |
| Total Costs (Including Other Fees) | $23,700 to $27,500 | $33,700 to $37,500 | $13,700 to $17,500 | $10,000 | $20,000 |
These savings are significant, especially when you consider that selling a property can already be a costly endeavor.
#7: Miscellaneous costs
Don’t forget about the small stuff—like the HDB admin fee (typically $40-$80) and service and conservancy charges (S&CC), which varies per town council. The good news is, you get rebates for S&CC charges spanning 2-4 months. Learn more about that here. You’ll also need to consider a resale levy if you’re selling an HDB flat and planning to purchase another subsidised flat.
Ready to maximise your profits and minimise your costs?
With over 14,500 properties transacted and $15 million+ saved in commissions, we’ve got the experience, technology, and commitment to ensure you get the best deal possible when selling your home.
To get started, drop us a message on WhatsApp to get in touch, or pick a date and time to meet with our agents. No obligation. All free, until we sell your home.
+65 9755 9283 
hello@ohmyhome.com 
