Frequently Asked Questions (FAQ) for Property Valuation and Online Tools

What is property valuation, and why is it important?

Property valuation is the process of determining the estimated worth of a property. It's essential for homeowners, buyers, and sellers to understand the value of their property accurately, as it impacts various financial decisions such as buying, selling, or refinancing.

What role do online tools play in property valuation?

Online valuation tools are digital platforms designed to provide estimates of property values based on various factors such as location, size, and recent sales data. While they offer quick estimates, it's important to note that they serve as guides rather than definitive values.

How do online valuation tools work for HDB flats and private properties?

For both HDB flats and private properties, online tools analyze market trends, recent property sales, and other relevant information to generate approximate values. Users input property details, and the tools use algorithms to calculate estimates based on available data.

Are online valuation tools accurate?

While online tools provide quick estimates, their accuracy may vary. Factors such as property condition, unique features, and recent renovations may not be fully captured by these tools. Therefore, it's recommended to use them as a starting point and supplement with professional advice.

What are the limitations of online valuation tools?

Online tools may oversimplify the valuation process and not account for specific nuances of individual properties. They also may not consider factors such as recent renovations or upgrades that could affect property value.

How can homeowners use online valuation tools effectively?

Homeowners can use online tools as a preliminary step to get a general idea of their property's value. However, it's essential to supplement this information with other sources such as professional appraisals or market analysis for a more comprehensive understanding.

Where can homeowners seek assistance for property valuation?

Homeowners can consult with real estate professionals or appraisers for personalized guidance on property valuation. These experts can provide insights into local market trends, property features, and other factors that may affect property value.


This FAQ section aims to address common questions related to property valuation and the role of online tools, providing clarity and guidance for homeowners navigating the valuation process for HDB flats and private properties. Alternatively refer to our blog to find out more.

Frequently Asked Questions (FAQ) for HDB Resale Levy

What is considered subsidised housing in relation to the HDB resale levy?

Subsidised housing includes properties such as flats bought directly from HDB, resale flats purchased with CPF housing grants, Design, Build and Sell Scheme (DBSS) flats, Executive Condominium (EC) units bought from property developers, and other forms of housing subsidy like those under the Selective En bloc Redevelopment Scheme (SERS) or HUDC estate privatisation.

When do I need to pay the HDB resale levy?

You are required to pay the resale levy if you are listed as a core applicant or core occupier in a flat application to buy a second subsidised flat from HDB. If you are purchasing a resale flat or private residential property instead, you do not need to pay the resale levy.

How is the resale levy determined and paid?

The resale levy amount is determined when you book your second subsidised flat. Payment is typically made using the net proceeds from the sale of your first subsidised flat and/or cash. If the first flat was sold after key collection for the second flat, the levy is deducted from the net proceeds upon sale. If the first flat was sold before key collection, the levy is paid in cash upon key collection for the second flat.

What are the resale levy amounts for subsidised flats sold after 3 March 2006?

The resale levy amounts depend on the type of subsidised housing sold. For example, for 2-room flats, the levy is $15,000 for households and $7,500 for recipients of CPF Housing Grants (Singles). For Executive Condominiums, the levy is $55,000. These amounts are fixed regardless of the resale price.

What are the resale levy amounts for subsidised flats sold before 3 March 2006?

For subsidised flats sold before 3 March 2006, a percentage graded resale levy applies based on the resale price or 90% of its market valuation, whichever is higher. The percentage varies depending on the flat type and whether the seller received a CPF Housing Grant.

Are there any exemptions or waivers for paying the resale levy?

Yes, exemptions or waivers may apply in certain situations, such as if you and your spouse are aged 55 and above, have sold your first subsidised flat before 3 March 2006, and are right-sizing to a new 3-room or smaller flat. In such cases, the interest on the resale levy may also be waived.

How can I find out more about the resale levy payable or seek assistance?

If you have questions about the amount of resale levy payable or need further assistance, you can contact HDB via the e-Feedback form for clarification and guidance.

Frequently Asked Questions (FAQ) for selling HDB flats)

How much is the fee for selling HDB?

Both the sellers and buyers will have to pay an administrative fee of $40 for 1 to 2 rooms HDB flat and $80 for 3 rooms and bigger units. Fees payable are inclusive of GST.

What happens when you sell a HDB flat?

After you sell off your HDB flat, you have to clear of any oustanding loan, refund  the CPF you have utillized for your HDB flat plus accrued interest and off set any payments dued to HDB. ( You can refer to our blog for a clearer illustration). You will need to pay off any service and conservancy charges up till completion date and property tax for the whole year. ( Buyers will then reimburse the balance amount of the property tax from completion date till end of the year during completion)

How long is the process of selling a HDB flat?

Once HDB accepts the resale submission, HDB will schedule a resale completion date 8 weeks from the acceptance date. Both sellers and buyers will receive a SMS notification once the appoint has been scheduled. You can login to My Flat Dashboard for more information.

How much do I get after selling HDB flat?

You will only receive any cash balance via cheque during  completion date after repaying back of outstanding mortgage loan, CPF refunds plus accrued interest, outstanding payment, cash deposit received from buyer for a positive sales transaction. Do check out our blog to find out how HDB deducts the monies.

Can I sell my HDB flat before minimum occupation period (MOP)?

It is stipulated that you can only sell or rent out the HDB after fulfiling the minimum occupation period (MOP) set out for your unit. During this period of time, you have to physically reside in the unit.

Who pays for the valuation report?

Buyers who are taking up mortgage loan or utilizing CPF for the purchase are required to apply for a valuation report once the option is granted by the sellers.

How much is the valuation report?

The cost of valuation for a HDB flat is at $120 inclusive of GST. 

What happens if the valuation is below the selling price stated in the Option to purchase?

The price difference between the selling price and valution will have to be paid in the form of cash by the buyers. Also known as Cash Over Valuation (COV).

Frequently Asked Questions (FAQ) for Additional Buyers Stamp Duty (ABSD)

What is Additional Buyer's Stamp Duty (ABSD)?

ABSD is a tax imposed on certain property transactions in Singapore, in addition to the usual Buyer's Stamp Duty (BSD). It applies to certain categories of property buyers, such as foreigners, entities, and Singapore Permanent Residents (PRs) purchasing their second or subsequent residential property.

Who needs to pay ABSD?

Different categories of property buyers are subject to ABSD. This includes foreigners, entities, and Singapore PRs purchasing their second or subsequent residential property. The rate and eligibility criteria vary depending on the buyer's profile and the type of property being purchased.

How is ABSD calculated?

ABSD rates are calculated based on the purchase price or market value of the property, whichever is higher. The rates vary depending on the buyer's profile, such as citizenship status and the number of residential properties already owned.

Are there any exemptions or remissions for ABSD?

Yes, certain categories of property buyers may be eligible for ABSD exemptions or remissions. For example, Singaporeans purchasing their first residential property may be exempt from ABSD. Additionally, married couples may qualify for remission if one spouse is a Singaporean citizen or PR.

When is ABSD payable?

ABSD is payable within 14 days from the date of the Option to Purchase (OTP) or Sale and Purchase Agreement (SPA), whichever is earlier. Failure to pay ABSD within the stipulated timeline may result in penalties and interest.

Where can I find more information about ABSD rates and eligibility?

The IRAS website provides detailed information about ABSD rates, eligibility criteria, and exemptions. Additionally, individuals can consult with tax professionals or real estate experts for personalized advice and guidance.

How can I pay ABSD?

ABSD can be paid electronically via the IRAS website using various payment methods such as GIRO, credit card, or internet banking. Detailed instructions on how to make ABSD payments are available on the IRAS website.

What are the consequences of failing to pay ABSD on time?

Failure to pay ABSD within the specified timeline may result in penalties, late payment interest, and enforcement actions by IRAS. It's crucial for property buyers to adhere to the payment deadlines to avoid additional costs and legal consequences.

Can I apply for a refund of ABSD?

In certain circumstances, property buyers may be eligible to apply for a refund of ABSD. This includes situations where the property sale falls through or if the property is subsequently transferred to a family member. However, conditions and criteria apply, and individuals should refer to the IRAS website for more information.

Seller’s Stamp Duty (SSD) for Residential Property FAQ

What is Seller’s Stamp Duty (SSD)?

Seller’s Stamp Duty (SSD) is a tax imposed on property owners who sell their residential property within a specified holding period.

When does SSD apply?

SSD applies to residential properties purchased on or after 20 February 2010.

What are the current SSD rates for properties purchased on or after 11 March 2017?

    •    Sold within the first year: 12%
    •    Sold within the second year: 8%
    •    Sold within the third year: 4%
    •    Sold after three years: No SSD

What were the SSD rates for properties purchased between 14 January 2011 and 10 March 2017?

    •    Sold within the first year: 16%
    •    Sold within the second year: 12%
    •    Sold within the third year: 8%
    •    Sold within the fourth year: 4%
    •    Sold after four years: No SSD

How is SSD calculated?

SSD is calculated based on the higher of the sale price or the market value of the property at the time of sale.

Are there any exemptions from SSD?

Yes, certain transfers such as those between family members due to inheritance or divorce may be exempt from SSD.

What is the process for paying SSD?

The SSD must be paid within 14 days of the sale transaction being signed in Singapore, or within 30 days if the transaction is signed overseas.

What happens if I don’t pay SSD on time?

Late payment of SSD may result in penalties. It’s important to adhere to the payment timelines to avoid additional charges.

Can I appeal for a remission of SSD?

Yes, in certain circumstances, property owners can apply for remission of SSD. Each case is assessed on its own merits.