: A progressive tax ranging from 1% to 6% based on property value.
: Secure an In-Principle Approval (IPA) from a bank. This confirms the maximum loan amount you can borrow, typically based on a 75% Loan-to-Value (LTV) limit and a Total Debt Servicing Ratio (TDSR) capped at 55%. Costs to Budget : what steps are needed to buy a house
Before searching for a home, you must determine your budget and eligibility. : A progressive tax ranging from 1% to
: You must apply for an HFE letter via the HDB Flat Portal. This letter is mandatory before you can book a BTO flat or sign an Option to Purchase (OTP) for a resale flat. Costs to Budget : Before searching for a
Buying a house in Singapore is a highly structured process that differs based on whether you are eyeing public housing (HDB) or private property. As of 2026, the first and most critical step for any HDB buyer is obtaining the , which consolidates your eligibility for the flat, housing grants, and HDB loans into one assessment. 1. Financial Assessment & Eligibility