How Much Do U Gain from Selling a House in Singapore?

When you sell a house in Singapore, the selling costs can greatly affect your profits. This guide looks into things like property prices, capital gains tax, and additional fees. Understanding these costs will help you plan your finances. It also lets you sell your home in Singapore well.

Key Takeaways

  • The cost of selling a house in Singapore can significantly impact your overall profits.
  • It’s important to know about fees like admin, property valuation, marketing, and agent commissions.
  • HDB flat owners have extra costs such as service and conservancy charges, upgrading fees, and the resale levy.
  • You also need to think about bank loan penalties, legal fees, and taxes like Seller’s Stamp Duty and property tax.
  • Your profit from selling might be taxed as capital gains, depending on how you sold it.

Understanding the Costs Involved in Selling a Property

When you sell a home in Singapore, you have to pay for many things. These include fees for paperwork, checks on the home’s value, costs to promote the sale, legal help, and fees for the real estate agent. Knowing about these expenses helps you to handle your money wisely. It also helps you to earn more from the sale.

Administrative Fees

Owners of HDB flats have to pay a fee when they submit their Resale Application. This fee can be between $40 to $80. It gets the process of changing ownership started.

Property Valuation Fees

For both HDB and private property owners, there’s a fee to find the property’s value. This fee is typically from $200 to $400. It makes sure the selling price is fair and based on the market value.

Marketing Expenses

Getting a home ready to sell can cost money. For example, making the home look its best or hiring a photographer. These expenses can start at $1,000. But they help make the sale listing more attractive. This could mean a higher selling price.

Legal Fees

The costs of the legal side of selling a home are called legal fees. For HDB homes, these can range from $288 to $2,300. For private homes, expect to pay about $2,500. These fees cover things like legal documents and checks on the property’s legal status.

Agent Commissions

Real estate agents get paid a percentage of the home’s selling price. This fee also includes GST. For HDB homes, agents usually get 1-2% of the price. For private homes, the usual rate is 2-3.5%.

Knowing about these costs helps sellers in Singapore. It allows them to plan well and make good choices when selling their home.

Additional Fees for HDB Flat Owners

When you sell an HDB flat in Singapore, extra costs come into play. There’s the service and conservancy charges, upgrading costs and resale levy. Don’t forget about moving and renovation fees.

Service & Conservancy Charges

Service and conservancy charges (S&CC) must be paid by HDB flat owners. This is until the HDB Resale Completion Appointment. These charges vary but can be from a few hundred up to over a thousand dollars yearly. It’s key to settle these fees before you sell.

Upgrading Costs and Resale Levy

Had any upgrading or renovations done on your flat? You might need to cover these upgrading costs. Also, if you’re getting a second flat, a resale levy could apply. This amount is taken from your sale money or paid when you buy the new place.

Moving and Renovation Costs

Getting your HDB flat ready for sale involves moving costs and renovation expenses. This includes hiring movers, sprucing up the property, and any needed repairs or updates.

Bank Loan Penalties and Taxes

If you’re selling a home in Singapore and used a bank loan, you might face penalties for ending the loan early. These bank loan penalties and legal fees get taken from what you earn from the sale. Remember, it’s important to think about these costs when you plan to sell.

Bank Loan Penalties and Legal Fees

When you sell a house you bought with a mortgage, you could owe for breaking the loan early. The costs from these bank loan penalties can change, so talk to your lender. You’ll also need to cover legal fees for ending the loan, which adds to your selling expenses.

Seller’s Stamp Duty (SSD)

The Seller’s Stamp Duty (SSD) is a tax you might have to pay if you sell your house quickly after buying it. It must be paid within 14 days after agreeing to sell. The amount is based on your property’s sale price or its market value, choosing the higher value.

Property Tax

Property owners also need to pay property tax after selling, since it’s an annual cost. The government figures out this tax using the property’s annual value. This tax is often subtracted from the sale’s earnings.

Capital Gains on Property Sales

In Singapore, there is no capital gains tax. But if you bought a property to make a home sale profits, its gains might be taxable. The IRAS checks why you bought and sold the property, your financial situation, how often you do it, and how long you’ve owned it.

Understanding capital gains tax singapore on property sales is important. Homeowners should know the tax rules before selling. Knowing this can help sellers handle their money better and get the most from their sale.

It’s a good idea to talk to a real estate expert or a financial advisor. They can offer insights on taxes. Plus, they can help you sell your property in Singapore smoothly.


Selling a house in Singapore is complicated, with many costs to think about. There are fees for everything, from admin tasks to taxes and penalties. Knowing all the influences can help you make the most from the sale. Your final profit depends on the property’s price, potential income, and all the costs of the sale.

Planning to sell an HDB flat or private house? It’s wise to talk to a skilled real estate agent or financial advisor. They can share important info about the housing market. They also help with figuring out sale details like cash-over-valuation and mortgage loan redemption.

Being on the ball and taking the right steps can help you plan your finances well. This can cut down surprises and maybe boost your property investment returns. With a good strategy, selling your Singapore home can open the door to the next phase. This might include a bigger home, a smaller one, or a new property investment opportunity.


What are the administrative fees involved when selling a property in Singapore?

Owners of HDB flats pay up to $80 for submission fees when they sell. This is for the Resale Application.

How much do property valuation fees typically cost?

Property valuation fees can cost between $200 and $400. These fees help set the right selling price. They apply to both HDB and private properties.

What kind of marketing expenses can I expect when selling my property?

Home staging and professional photos are common marketing costs. Expect to pay at least $1,000 for these services.

What are the legal fees involved in the home selling process?

Legal costs include conveyancing and other steps. For HDB owners, this might be from $288 to $2,300. Private property owners may pay about $2,500.

How much are real estate agent commissions in Singapore?

Commissions for real estate agents vary. It’s 1-2% for HDB properties and 2-3.5% for private ones. These rates include GST.

What additional fees do HDB flat owners face when selling their property?

Sellers must pay S&CC charges before finalizing their sale with HDB. They might also pay for upgrades made to their flat. Re-selling HDB flats may also lead to a resale levy.

What other costs should I consider when selling my property?

Don’t forget moving and renovation costs before selling. Owners with bank loans may face penalties for ending their loan early. This includes related legal expenses.

Is there a capital gains tax in Singapore when selling a property?

Singapore doesn’t have a capital gains tax. Yet, selling property can be taxed if profit was the main goal. Inland Revenue Authority of Singapore (IRAS) checks if taxes apply based on the purpose of the sale.