A Singapore Government Agency Website 

avatar6 ine-ResaleSubmission Procedures for Request for Value

I am submitting a valuation request on 1 Jan 2018 for my transaction which was contracted on or before 31 Dec 2017. I note that I have to pay higher valuation fees. Why is this so?

hdbLogo

hdb

Source: https://www.hdb.gov.sg
For buyers who were granted an option on or before 31 Dec 2017, HDB will send such cases to the HDB Panel of Valuers for a valuation. Buyers will pay $226.00 (3-room and larger flats) or $156.45 (1-/2-room flats) for the valuation and receive the valuation report. For cases where flat sellers grant an OTP on or after 1 Jan 2018, buyers who intend to finance the purchase of the flat using their CPF monies or a home loan must submit a request to HDB to confirm the value which forms the basis for home loan and CPF usage. The processing fee for the request is $120 (inclusive of GST) and covers the administrative costs incurred by HDB to conduct a review and decide on a value for determining the CPF usage and home loan limits. It is a standard fee payable by all flat buyers, regardless of whether or not a valuation is required by HDB.  HDB will send requestor an email once the value is ready and available in the HDB Resale Portal.

This information provided here is sourced from the HDB website.

Let other citizens know if this answer was helpful
Did this answer your question?

Related Questions

Can’t find what you’re looking for?