Buying a home is likely the biggest financial commitment most people will make. Therefore, the process involves numerous legal procedures to ensure both the buyer and seller are well-protected throughout the transaction. In Singapore, homebuyers need to engage a lawyer to handle the legal aspects of a private property transaction.
Legal Fees for Buying Property in Singapore
Legal fees, also known as conveyancing fees, typically range from $2,500 to $5,000:
Legal Fees for Financing HDB Flats
| Buying Resale HDB | Buying BTO Flat | Refinancing |
| $1,800 – $2,500 | $2,000 – $2,700 | $1,600 – $2,200 |
Legal Fees for Financing Private Property
| Up to $2 million | $2 – $3 million | $3 – $5 million | Above $5 million | |
| Building Under Construction (BUC) | $2,500 – $3,000 | $2,500 – $3,200 | $3,500 – $4,500 | From $4,000 |
| Resale Property | $2,400 – $2,800 | $2,500 – $3,000 | $3,000 – $4,500 | From $4,000 |
| Resale Property (Landed) | $2,500 – $3,000 | $2,800 – $3,300 | $3,000 – $4,500 | From $4,000 |
| Refinancing | $2,000 – $2,800 | $2,200 – $3,000 | $2,500 – $3,500 | From $3,500 |
| Executive Condominium (EC) | $2,500 – $3,000 | – | – | – |
Legal fees for buying a property in Singapore can be broken down into the following categories:
| Type of Legal Fee for Buying Property in Singapore | Payable To |
| Professional fees | Lawyer |
| Solvency/bankruptcy searches on seller and buyer | Ministry of Law |
| Road line plan search | Singapore Land Authority (SLA)’s Integrated Land Information Service (INLIS) |
| Management Corporation Strata Title (MCST) certificate | Singapore Land Authority (SLA) |
| Mortgage stamp duty | Inland Revenue Authority of Singapore (IRAS) |
| CPF legal fees and disbursements | CPF Board |
| Title search | Singapore Land Authority (SLA) |
| Legal requisitions | Seven government agencies |
| Lodgement of caveat on transfer and mortgage by buyer and bank | Singapore Land Authority (SLA) |
| Transfer registration fee | Singapore Land Authority (SLA) |
| Mortgage registration fee | Singapore Land Authority (SLA) |
| Fee for bank to issue cashier’s order | Bank |
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