HDB SERVICES
(Updated on 1 SEPT 2020)
Purchase of HDB Resale Flat
$1,926
Sale of HDB Resale Flat
$1,600
Refinancing of HDB Resale Flat
$1,600
PRIVATE PROPERTY
(Updated on 1 SEPT 2020)
Purchase of Private Property
From $2,140*
Sale of Private Property
From $1,926*
Refinancing of Private Property
From $1,926*
*For Private Property $1.2million and below
MANAGE YOUR CONVEYANCING COST
There is no escape, one of the compulsory costs of buying and selling a home is to appoint a
law firm to represent you. As such, a conveyancing lawyer is typically the most economical
yet old fashion choice to help you with your property transaction.
AS BUYER
- Advise you on the terms and conditions of the OTP
- Conduct title search on the property to confirm the intending seller’s ownership and to make sure the
seller is not a criminal or an undischarged bankrupt - Should buyer decide to use their CPF to pay for the property, the conveyancing lawyer will advice on the procedures and help to liaise with CPF on behalf of the buyer
- Remind the buyer on the expiration of the OTP and on the date of the OTP is exercised, to make sure that the option is exercised for a valid and binding contract for the purchase of the property
- Sending out of legal requisition to various government agencies to ensure your property will not be affected by future changes in government plans e.g. LTA, BCA and NEA
- After completion, the lawyer will do a search to ensure the necessary details are updated and send out notices to IRAS property tax dept and MCST.
The lawyer will then handover the keys to the buyer
As Seller
- Prepare the Option to Purchase (OTP)
- Check to see if there are any outstanding liabilities and to inform seller of potential penalties that needs to be paid after notifying the bank
- Provide evidence to the seller to show the buyer that all MCST, Property Tax dues are all paid up to date
- Ascertain if the sales of the property come with furnishings or tenancy agreement.
- During completion, the seller’s lawyer will ensure that all amount due and payable to the seller and any third parties are accounted for and keys to be properly handed over to the buyer