Frequently Asked Questions

What is the estimated cost of buying a HDB resale flat?

No.ItemSub TotalRemarks
1HDB Resale Flat$500,000Estimated cost of HDB flat.
Cash Needed
2Option Fee$1000Negotiable. Maximum $1,000.
3Option Exercise Fee$4000Negotiable. #2 + #3 cannot exceed $5,000.
4Valuation Fee$2001 and 2-room: $140.40
3-room and bigger: $199.25
5Resale Application Fee$801 and 2-room: $40
3-room and bigger: $80
65% Cash Downpayment$20,0005% of #1 less #2 and #3
7Mortgage Insurance (Annual)$400Estimated here.
8Fire Insurance (5 years)$6From here.
Total Cash$25,686
CPF Needed
9Buyer Stamp Duty (BSD)$9,600More info here.
10Legal Fees$650Estimated. More info here.
1115% CPF Downpayment$75,00015% of #1
Total CPF Needed$85,250
12Monthly Instalment$1,765Based on concessionary rate of 2.6% on a 25-year loan. Calculated here.

How long does it take to sell my home?

Typically, the paperwork time for both HDB and private sales could take around 3 months. However, there is no fixed timeline for a sale to be completed as most timeline variations depend on how long it takes to find a suitable buyer at your asking price. The time required to secure a buyer depends on factors such as location, condition of unit, current market conditions and more importantly – price. Generally, if your home is priced fairly and within the budget of most buyers, your home can be sold relatively quickly.

How long has Stacked been around?

Stacked has been recently developed to bring tech-savvy buyers and sellers together to make smart decisions in property transactions while saving money along the way. We have worked for several months on developing a platform that brings the transaction process in one simple portal that is conducive to buyers and sellers alike.

Is Stacked a real estate brokerage? Do you replace my agent?

Stacked is not a real estate brokerage. We simply provide the environment and tools to let buyers and sellers transact property seamlessly, hence we do not take any commissions from a successful sale. Stacked aims to bring the entire buying/selling process online: from the moment you find a home, viewing and negotiating, all the way through the closing.

How can Stacked help me find a home?

Finding a home on Stacked could not be easier, simply enter the criteria for your desired home and search the site. The on-screen map makes it easy to navigate around the different districts in Singapore to determine where the homes are located. You can also see nearby transportation links easily from the map.

Occasionally, Stacked will send you updates on new listings that suit your preferences. Do sign up to our newsletter to keep up to date on the latest properties on Stacked!

What if I need help?

HDB

  1. General enquiries:
    • Main line: 6490-1111 (weekdays: 8:30am to 5:00pm)
    • Fax: 6490-1033
    • Email: hdb@mailbox.hdb.gov.sg
    • Address:
      
HDB Hub

      480 Lorong 6 Toa Payoh

      Singapore 310480
  2. Sales/ Resale:

Website

For enquiries regarding the website/technical support/feedback, you can reach us at enquiries@stackedhomes.com

Currently Stacked is working on providing a personalized and dedicated property transaction advice hotline, stay tuned to this space!

Where is Stacked Homes located?

We are headquartered in Singapore.

Are there any additional charges to using the website?

It is free to list on Stacked Homes. There are no other hidden costs/additional charges.

What do real estate salespersons charge in Singapore?

In Singapore, it is standard to pay out 1-2 percent of the purchase price to the agents. This means that real estate agents are making a higher income when working with more expensive homes.
For HDB, both buyers and sellers pay an agent fee to their respective buyer/seller agent.
For private properties, while most people think that the sellers pay for the commission payments made to both the sellers and buyer's agents, it can be argued that the buyer always pays the commission.
Why? Because it's typically part of the selling price.
At Stacked, we aim to eliminate the high transaction costs which inevitably gets passed on to the buyers. In the long run, we hope to enable both buyers and sellers to make smart decisions without incurring this high transaction costs.

Would selling through a traditional estate agent necessarily bring a higher price?

In Singapore, it is standard to pay out 1-2 percent of the purchase price to the agents. This means that real estate agents are making a higher income when working with more expensive homes.
For HDB, both buyers and sellers pay an agent fee to their respective buyer/seller agent.
For private properties, while most people think that the sellers pay for the commission payments made to both the sellers and buyer's agents, it can be argued that the buyer always pays the commission.
Why? Because it's typically part of the selling price.
At Stacked, we aim to eliminate the high transaction costs which inevitably gets passed on to the buyers. In the long run, we hope to enable both buyers and sellers to make smart decisions without incurring this high transaction costs.

As a foreigner, does Stacked Homes have anything to offer?

Foreigners in Singapore are not allowed to purchase HDBs. However, foreigners can purchase private properties, with the exception of landed homes. You can view more about foreign ownership of properties here:
http://www.sla.gov.sg/Services/RestrictiononForeignOwnershipofLandedProperty.aspx

What stamp duties do I have to pay?

Buyers have to be aware of the BSD (Buyer’s Stamp Duty) and the ABSD (Additional Buyer’s Stamp Duty). You can view the full list of taxes payable here.
https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Buying-or-Acquiring-Property/
Sellers have to be aware of the SSD (Seller’s Stamp Duty). You can view the full information here.
https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Selling-or-Disposing-Property/Seller-s-Stamp-Duty--SSD--for-Residential-Property/

Where can I find more information about buying a HDB?

For more information on buying a HDB, you can view the following link.
http://services2.hdb.gov.sg/webapp/FI10AWESVCLIST/FI10SEServiceList

Where can I find more information about financing my purchase?

To understand more about financing a home, you can view a detailed article here.
http://www.moneysense.gov.sg/Life-Events/Buying-a-Home.aspx

Who can buy a resale HDB flat?

To purchase a resale flat, you will have to fall under one of HDB’s eligibility scheme. You can check your eligibility here.
http://services2.hdb.gov.sg/webapp/BP13EligCheck/BP13SHome?strSystem=CHECK

What financial planning should I be aware of when buying a HDB?

Prior to purchasing a home, you may want to plan your finances to avoid unexpected fees and hiccups in your resale transaction. You can do so here.
http://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/sales-financial-plan

What is a resale levy and where can I find more information about it?

If you have previously bought a new flat from HDB, Design, Build and Sell Scheme (DBSS) flat, or Executive Condominium (EC) from a developer, or received a CPF Housing Grant, you will need to find out if you have to pay a resale levy when you purchase your next home.
http://www.hdb.gov.sg/cs/infoweb/residential/selling-a-flat/additional-information

Who pays for the upgrading cost for HDB?

You can find out who pays for the upgrading cost here.
http://www.hdb.gov.sg/cs/infoweb/residential/living-in-an-hdb-flat/sers-and-upgrading-programmes/change-of-flat-ownership-and-liability-to-pay

How do I check whether I have to pay upgrading costs after I purchase a resale flat?

You can refer to the following pages to find out which precincts have been scheduled for billing in the next 3 months.
http://www.hdb.gov.sg/cs/infoweb/residential/living-in-an-hdb-flat/sers-and-upgrading-programmes/scheduled-billing-date-and-statement-of-account

Where can I check the prices of recently transacted HDB resale flats?

You can view prices of recently transacted HDB resale flats here. Simply click the housing button to view blocks with available transaction details.
https://services2.hdb.gov.sg/web/fi10/emap.html