Get your HFE letter
Confirm your eligibility for the flat, grants and an HDB loan before you commit.
From first sum to keys in hand.
The main steps of buying an HDB resale flat, a resale private home or a new launch, and the tool that helps at each one.
Buying an HDB resale flat.
Work out the budget
Use the affordability and upfront cost tools, then plan your cash and CPF.
View and compare
Shortlist flats by location, layout, remaining lease and condition.
Secure the option
Pay an option fee of S$1 to S$1,000; the option and exercise fees together cannot exceed S$5,000.
Exercise and apply
Exercise the option, submit the resale application with the seller and pay stamp duty within 14 days.
Complete
Attend completion with HDB and collect the keys.
Buying a resale private home.
Check your loan
Get an in-principle approval from a bank and check the TDSR, LTV and minimum cash.
Shortlist and view
Compare condition, maintenance fees, comparable sales and the neighbourhood.
Negotiate and take the option
Agree the price and terms, then pay the option fee, usually 1%.
Exercise the option
Pay the exercise fee, usually 4%, and stamp duty within 14 days of signing.
Loan and legal work
Your lawyer and bank handle valuation, the loan and conveyancing.
Complete
Pay the balance through your lawyer and take vacant possession on the agreed date.
Buying a new launch.
Set the total budget
Include stamp duties and the progressive payments, not only the price.
Compare launches
Use the directory, district pages and sun path tool to shortlist.
Choose the unit
Check the floor plan, stack, facing and the furniture you will bring.
Book the unit
Pay the 5% booking fee in cash to receive the option to purchase.
Sign the S&P
Pay the balance of the first 20% within 8 weeks and stamp duty within 14 days of signing.
Pay as it is built
The loan is drawn at each construction stage, with 25% after TOP and 15% on completion.
Wherever you are in the journey.
Tell me which step you are at and we will plan the next one together.
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