What are the expenses involved in selling an HDB flat?

The main expenses when selling an HDB flat in Singapore typically include:

- Property agent commission: Usually about 2% of the selling price, but this rate is negotiable with your agent.

- HDB resale administrative fees: Payable to HDB for processing the resale transaction and resale application. This is a fixed fee depending on the size of your flat.

- Legal fees: Costs for conveyancing and legal work, which can vary depending on whether you use HDB’s legal services or appoint a private lawyer.

- Repayment of CPF with accrued interest: If you used CPF funds for your flat purchase, you must refund the principal and accrued interest to your CPF account upon sale.

- Outstanding loan redemption: Any remaining housing loan with HDB or the bank must be settled in full.

- Upgrading levy: Some sellers may be liable for an upgrading levy if the flat underwent government upgrading works and this has not yet been paid.

- Seller’s Stamp Duty (SSD): Only applies if you are selling a private property within the required holding period. SSD generally does not apply to HDB flats unless you breached the Minimum Occupation Period (MOP); in such cases, you may not even be allowed to sell.

There may also be minor incidental costs such as renovation touch-ups, moving costs, or unpaid property tax and conservancy charges. For the most accurate calculation based on your circumstances, consult with a property agent or use EdgeProp Singapore’s relevant calculators and tools.