Do I Need To Pay Cash For Resale Flat?

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.