HDB Resale Flats for Sale in Singapore

The average HDB resale price is around S$652,000, with the median near S$628,000 and average PSF about S$639. Larger units in mature, central estates can exceed S$1M, while non-mature estates offer more affordable options.

You generally need to form an eligible family nucleus or qualify under a scheme such as the Single Singapore Citizen Scheme, meet citizenship requirements and stay within the income ceiling for grants. PRs can buy resale (with restrictions) but not new flats.

It's a government subsidy that lowers the cost of a resale flat for eligible first-timers. Depending on income and household type, eligible families can receive up to around S$230,000 in combined grants (Family Grant, Enhanced CPF Housing Grant and Proximity Housing Grant), and singles up to around S$115,000. Confirm your exact entitlement with HDB/CPF.

A resale purchase typically completes in about 8-12 weeks, giving near-immediate possession. A BTO can take three to five years to build, though it is sold at subsidised prices.

After buying a resale flat you must occupy it for five years before you can sell it again or rent out the whole unit. The MOP is calculated from the date you collect keys.

Foreigners cannot buy HDB flats. PRs may buy a resale flat only with at least one other PR or Citizen forming a family nucleus, and after holding PR status for at least three years; they cannot buy new BTO flats.

COV is the cash a buyer pays above the official HDB valuation when the agreed price exceeds it. Since valuation is requested after price agreement, buyers should budget for possible COV in cash.

With an HDB loan at 75% loan-to-value you need 25% down, payable in cash or CPF. With a bank loan the downpayment is also 25%, of which at least 5% must be in cash. Stamp duty and legal fees are additional.