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Private Property Guide

🏠2,800 words

Private Property Guide

Types of Private Property

  • Condominiums - With shared facilities

  • Executive Condominiums (ECs) - Hybrid public-private

  • Landed Property - Terrace, semi-detached, bungalow

  • Apartments - Smaller developments

    • Buying Process

  • Get In-Principle Approval from banks

  • View Properties with agents

  • Make Offer (1% option fee)

  • Exercise Option (4-5% exercise fee)

  • Complete Purchase (8-10 weeks)

    • Additional Costs

    CostAmount
    BSD1-6% of purchase price
    ABSD0-65% depending on buyer type
    Legal Fees$2,000 - $4,000
    Agent Commission1-2% (buyer pays nothing typically)

    EC Specifics

  • First 5 years: HDB rules apply

  • After 5 years: PRs can buy

  • After 10 years: Fully privatized

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