Fees payable when buying resale flat

[Wanderlust]

Hi all,

Any can advise what are the fees payable in cash when buying a resale flat now? So far, this is what I found out, not sure if there are any other fees required. Pls advice. Thank you very much.

Agent commission based on $400k flat (1%) - $4000

Valuation fees - $191.90 (including gst)

Resale application fees - $60
(include gst)

Est Legal fees based on $400k flat - $610

Misc fees - $15

Stamp duties - $6600

Registry of land titles and deeds fees - $139.30

 

[therat]

Hi all,

Any can advise what are the fees payable in cash when buying a resale flat now? So far, this is what I found out, not sure if there are any other fees required. Pls advice. Thank you very much.

Agent commission based on $400k flat (1%) - $4000

GST ???

Est Legal fees based on $400k flat - $610

HDB loan?
If yes, can use CPF to pay (assume it is enough)

Misc fees - $15

What misc fees?

Stamp duties - $6600

can use CPF to pay (assume it is enough)

Registry of land titles and deeds fees - $139.30

I can't remember

 

[Wanderlust]

Hi therat,

Tks for your advise. Yes, I m planning to take a HDB loan. I currently have abt 250k in OA, so if legal fees and stamp fees can be paid using CPF (my target price is 400k for the resale flat), that would really help to lessen my worry.

 

[Wanderlust]

Based on a target flat price of 400k and taking HDB loan, with 250k in my OA, would the below list be correct?

Pls advise if there are any other cash components I missed out. Tks.

Payable by cash:

Agent commission based on $400k flat (1%) - $4280 (with 7% gst)

Valuation fees - $191.90 (including gst)

Resale application fees - $60
(include gst)

Misc fees - $15

Registry of land titles and deeds fees - $139.30


Payable by CPF:

Est Legal fees based on $400k flat - $610

Stamp duties - $6600

 

[therat]

U miss out PUB deposit (Cash)

 

[Densocool]

Hi all,

Any can advise what are the fees payable in cash when buying a resale flat now? So far, this is what I found out, not sure if there are any other fees required. Pls advice. Thank you very much.

Agent commission based on $400k flat (1%) - $4000

Valuation fees - $191.90 (including gst)

Resale application fees - $60
(include gst)

Est Legal fees based on $400k flat - $610

Misc fees - $15

Stamp duties - $6600

Registry of land titles and deeds fees - $139.30

I think the agent fee can no need count in.

When I bought my resale flat, the seller's agent all too happy to do everything for the sale. Never paid a single cent at all, but seller's side different.

 

[Wanderlust]

Wah Densocool,

Your seller agent so good. Don't think most seller agent so good bah...,

 

[Wanderlust]

Hi therat,

How much is the PUB deposit required in cash?

 

[Densocool]

Wah Densocool,

Your seller agent so good. Don't think most seller agent so good bah...,

Not really...now buyer's market. Most would gladly do the paperwork for you so you can commit to the sale and the agent can collect his comm from the seller, besides I am sure you know the agent not allowed to collect from both ends.

 

[Wanderlust]

Hmm...I like that, esp I am poor in cash...

 

[fatdog14]

Hmm...I like that, esp I am poor in cash...

your HLE is out?? To better estimates how much cash you will need.. Cos I did not get as much as I expected.

 

[Some-one]

This is approximately the fees payable in cash and cpf..

 

[Wanderlust]

Hi fatdog14,

My HLE is slightly over 200k. Should be enough to cover.

Tks some-one for the table. Just curious about that 5% deposit of valuation in cash. I thought that's providing you are taking a bank loan. For HDB loan, I think it should be all 20% deposit able to use CPF to pay. Hope someone can confirm this. Tks.

 

[Some-one]

Hi fatdog14,

My HLE is slightly over 200k. Should be enough to cover.

Tks some-one for the table. Just curious about that 5% deposit of valuation in cash. I thought that's providing you are taking a bank loan. For HDB loan, I think it should be all 20% deposit able to use CPF to pay. Hope someone can confirm this. Tks.

Yes. I am taking a bank loan. For HDB, it's 20% deposit payable by CPF. Other charges should remain.

 

[Wanderlust]

Tks Some-one for your kind advises.

 

[Ninja Bunny]

hi,

may i know roughly based on a 300k flat, how much are the legal fees? thanks

 

[henrylbh]

Hi all,

Any can advise what are the fees payable in cash when buying a resale flat now? So far, this is what I found out, not sure if there are any other fees required. Pls advice. Thank you very much.

Agent commission based on $400k flat (1%) - $4000

Valuation fees - $191.90 (including gst)

Resale application fees - $60
(include gst)

Est Legal fees based on $400k flat - $610

Misc fees - $15

Stamp duties - $6600

Registry of land titles and deeds fees - $139.30

Don't you want to buy the floor plan from hdb? Last time I paid $5.

 

[Wanderlust]

Oh ok. Floor plan for $5 checked.

 

[Some-one]

I don't think it is something that you can consider under the fees payable as it is not compulsory but anyway, it is not expensive either.

Don't you want to buy the floor plan from hdb? Last time I paid $5.

Oh ok. Floor plan for $5 checked.

 

[shihao3]

hi,

may i know roughly based on a 300k flat, how much are the legal fees? thanks

Resale Price of Flat : $300,000
Loan Amount : $240,000


For Acting in Purchase : $289.00
For Acting in Mortgage : $353.00
Total Fees Payable : $642.00

Formula can be found here: HDB InfoWEB: Legal Fees Payable : Buying a Resale Flat

HDB conveyance fee calculator here:
OpenForm