Buying Guide - HDB Resale


Basic Factors to Consider
Some of the things you need to consider before purchasing a home are:
• Budget
• Commuting plans
• Type of property you are looking to purchase
• Additional facilities


The most important question to consider is: what is your budget for purchasing a home? This will help you in determining the type of residential property you are eligible for.

However, if you do not have a specific budget constraint, then you might want to decide what type of residential property is suitable for you and your family. This can be determined by other factors such as commuting plans and additional facilities, which may include neighbourhood schools, if you have children, and the proximity of certain amenities such as shopping malls and sports complexes.


Financing Your Home
It is advisable to finance the purchasing of a home using a bank loan, especially if you have limited excess funds. For this, it is recommended that you decide first on the type of residential property you are looking for, and ensure that it is within your budget. If you have engaged a real estate agent or a solicitor to act on your behalf, check with them on all fees payable so as to prepare a more accurate estimate of your overall budget.


Banks will also charge an administrative fee for processing a mortgage, as well as an additional fee for valuing a property. When applying for a mortgage, the amount you will ultimately be allowed to borrow will depend on your own individual financial circumstances and the bank's valuation of the property or the actual transaction price, whichever is lower. The bank will also take into consideration your ability to make the monthly instalments to repay the loan, as well as your credit history.

Singaporeans are usually allowed to borrow up to a maximum of 90 per cent of the property value, while foreigners may be granted a loan of up to 60 per cent to 70 per cent of the property value or purchase price. Some foreigners may be allowed to borrow up to a maximum of 80 per cent, depending on their credit standing and their ability to provide evidence of having established funds, but this approval is only granted on a case-by-case basis.

For resale flats, a loan of 90% of the resale price of 90% of the market value, whichever is lower is offered to qualifying parties.

If you are buying a Housing Development Board (HDB) flat, you may want to look into applying for a HDB loan. HDB offers concessionary loans to first-time home buyers and second-time home buyers, who are upgrading to another HDB flat. DBSS (Design, Build and Sell Scheme) and BTO (Built to Order) flats are also available and applicable to Singaporeans only. (Visit the HDB website here)

There are various schemes offered by HDB to ease the process of paying for a HDB flat.

Listed below are some of them:

CPF Grant Application

Family Grant



2-4 rm HDB Flat

5rm HDB Flat above

Family Grant




Family Grant




Single Grant




Assistance For

  • Married/ Engaged couples or families who are first-timer applicants buying an HDB resale flat
  • Income ceiling $12,000/- or $18,000/-

Recipient May Also Be Eligible For

  • Additional CPF Housing Grant

Recipient May Later Be Eligible For

# If you are a SC married to a Singapore Permanent Resident (SPR), you will be eligible and can apply for the additional $10,000 Citizen Top-Up Grant when your spouse gets Singapore Citizenship or when you have an SC child.

Additional Housing Grant – income  ceiling

Average Monthly Household Income

AHG Amount



AHG Amount

$1,500 or less


$750 or less


$1,501 to $2,000


$751 to $1,000


$2,001 to $2,500


$1,001 to $1,250


$2,501 to $3,000


$1,251 to $1,500


$3,001 to $3,500


$1,501 to $1750


$3,501 to $4,000


$1,751 to $2,000


$4,001 to $4,500


$2,001 to $2,250


$4,501 to $5,000


$2,251 to $2,500



Grant Amount - Living With / Near Parents or Married Child







# Grant application subject to HDB approval, SOURCE : as at 21st Feb 2017

CPF Housing Grant for Singles/Singles living with parents: This is to assist singles who are 35 years and older in purchasing a flat. (Visit the HDB website here)

The CPF Housing Top-Up Grant: This scheme is a housing subsidy for those who have taken a CPF Housing Grant for Singles previously in their purchase of a resale flat who marry a first-timer citizen spouse or another Singles Grant recipient or in the event where the non-citizen spouse or child have become a Singaporean Citizen or Singapore Permanent Resident.


CPF Housing Grant for Family: The CPF Housing Grant is a housing subsidy (in the form of CPF monies) provided by the Government. The grant assists eligible first-timer family to buy an EC from the developer
As home purchase is a long-term financial commitment, therefore it is imperative for you to consider and plan your budget effectively before purchasing a flat.


For more information regarding HDB eligibility, visit the HDB website here.


Option to Purchase
If you wish to purchase a property, you must obtain an Option to Purchase from the seller. An Option to Purchase is essentially a right to a property and acts as a reservation. 
As the intending purchaser of the property, you will be required to make a payment known as the booking fee, or the option fee, as a deposit of good faith.


The option fee payable for a HDB unit is of an amount not exceeding SGD1,000 and the Option deposit does not exceed SGD5,000. This amount is inclusive of the option fee. Once an Option to Purchase has been granted, you or your representative should receive all necessary documents, including a duplicate of the Sale and Purchase Agreement, within 21 days from the date of the Option to Purchase. This 21 days includes Saturday, Sundays and any public holidays that may fall within the allocated period. If the buyer decides not to go through with the sale, he can simply allow the Option to expire. Only the Option Fee will be lost.

During the validity period of your Option the Purchase, the seller is not allowed to offer the property for sale to other interested parties.

Submission for 1st Appontment:

Once the optioned has been exercised both parties require to register online to obtain the 1st appointment base on the availability date given by HDB. Process of the thransaction require 6 to 8 weeks from the 1st appoitment date before the completion date. The completon date is also known as the 2nd appointment date which is the date of the handing over the keys to the purchasers. Any extension of stay between the sellers and the buyers normally been discussed prior to the 1st appointment that has been mutully agreed by both parties. 

CALL  / SMS / Whatsapp @ 90250136 or 
E-Mail to set an appointment for a no obligation discussion on any property related matters or to view any of our property.
agent image
agency logo
Sazali Sarwan
Associate District Director
CEA Licence No.:
L3008022J / R010457H
+(65) 9025 0136