Upon submitting your resale flat application, you will need to pay a resale application administrative fee.
The fees are S$40 for 1 or 2 room flats, and S$80 for 3 room or bigger flats.
If your CPF funds are insufficient to cover the Initial Payment, you will need to top up the rest in cash.
Can I use CPF to pay for resale flat?
All CPF members who are eligible to buy a new or resale HDB flat are eligible to use their CPF savings under the Public Housing Scheme.
How much cash do you need for resale HDB?
At Least 5% Downpayment in Cash
If you are using an HDB Concessionary Loan, you will need to make a downpayment of 10% of the purchase price or valuation, whichever is higher.
What are the documents required for resale flat?
Buying a resale property? Here’s your document checklist
- Homebuyers are often misinformed about the documents involved in a resale property transaction.
- Sale deed.
- Building plan.
- Completion/Occupancy Certificate.
- Encumbrance certificate.
- Tax paid receipts.
- Other documents.
- Home loan clearance document must be verified.
Can use HDB loan for resale flat?
If the buyers intend to purchase an HDB resale flat with a housing loan from HDB, they can use our Resale Financial Plan e-Service. It can help buyers to better prepare their finances before committing to a flat purchase. This e-Service gives estimated figures for the following: Loan amount from HDB.