Only buyers who have been granted an Option to Purchase by the flat owners can submit the valuation request. Salesperson engaged by the buyers may also submit valuation request on behalf of their clients. The buyers (or their salesperson) must submit to HDB the Request for Value, together with scanned copy of page 1of the OTP, by the next working day after the Option Date.

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.