Selling Your Condo in Singapore 2026

Typical costs include: agent commission (1-2% of sale price), legal/conveyancing fees ($2,500-$3,500), CPF refund with accrued interest (2.5% p.a. compounded on all CPF used), mortgage discharge fees ($500-$1,000), and Seller's Stamp Duty if selling within the holding period (up to 16% under current rates). On a $1.8M condo, total selling costs can be $50,000-$80,000+ depending on CPF usage and loan status.

There is no capital gains tax on residential property sales in Singapore. However, you may need to pay Seller's Stamp Duty (SSD) if you sell within 4 years of purchase (rates: 16%, 12%, 8%, 4% for years 1-4 respectively, for properties acquired from 4 July 2025). If you bought before July 2025, the old rates apply (12%, 8%, 4% over 3 years).

You must refund all CPF used for the property (downpayment, monthly mortgage payments from CPF, stamp duty paid via CPF) plus accrued interest at 2.5% per annum compounded. Example: if you used $200,000 from CPF over 10 years, you refund approximately $256,000 ($200K principal + $56K accrued interest). This is often the biggest surprise for sellers.

Yes, but with conditions. After selling your private property, there is a 15-month wait-after-disposal period before you can buy a new HDB resale flat (unless you are a first-timer). You cannot own a private property and an HDB flat simultaneously. Plan your housing transition carefully — you may need to rent during the 15-month wait.

Sell first: no ABSD, confirmed budget, but risk of being 'homeless' if new purchase isn't ready. Buy first: 20% ABSD upfront (SC 2nd property), can apply for remission if you sell within 6 months. Bridging loans can help but carry risks. Most upgraders sell first to avoid ABSD, then negotiate a longer completion period or rent temporarily.

Marketing period varies: 2-8 weeks for a well-priced unit, longer if overpriced. After a buyer exercises the OTP, completion takes 8-12 weeks (typically 10 weeks). Total timeline from listing to cash in hand: approximately 3-5 months. New launch units being resold may take longer due to developer consent requirements.

Under current HDB regulations, private property owners who sell their property must wait 15 months before they can purchase an HDB resale flat. This Private Property Owners (PPO) restriction was introduced to prevent speculation and ensure HDB flats are for genuine homeowners. The 15-month clock starts from the date of disposal (completion of sale).

Yes, but ABSD applies. Singapore Citizens pay 20% ABSD on their 2nd property, 30% on 3rd+. PRs pay 30% on 2nd, 35% on 3rd+. On a $2M property, that is $400K+ in stamp duty alone. Most people sell first to avoid ABSD unless they can comfortably afford the additional cost. Married SC couples may qualify for ABSD remission if they sell within 6 months of buying.

Yes, you can use CPF OA funds to pay BSD. However, CPF cannot be used to pay BSD directly at the point of stamping — you must pay in cash first, then apply for reimbursement from your CPF OA. The refund is typically processed within 2-3 weeks through IRAS. Note that the BSD amount paid via CPF is included in the CPF accrued interest calculation when you eventually sell the property, so you will need to refund this amount plus accrued interest back to your CPF OA.

No, CPF cannot be used to pay SSD. Seller's Stamp Duty must be paid entirely in cash. SSD is payable within 14 days of the sale and is calculated on the higher of the sale price or market value. If you sell within the SSD holding period (up to 4 years for properties acquired from 4 July 2025), make sure you have sufficient cash set aside for this. The current SSD rates are 16%, 12%, 8%, and 4% for years 1 through 4 respectively.