Executive Summary
Singapore’s resale property market stands as a dynamic, opportunity-rich landscape for both homebuyers and investors. With a robust regulatory framework, transparent processes, and a culture of trust, Singapore remains a global benchmark for safe and confident property transactions. Homejourney’s Complete Guide to Resale Properties in Singapore is the definitive resource for navigating this complex market—combining current data, regulatory insights, and actionable advice. As a platform built on user safety, trust, and continual feedback, Homejourney empowers you to make informed, secure choices every step of the way.
Table of Contents
- Singapore Resale Property Market Overview
- Types of Resale Properties in Singapore
- Market Trends and Data Analysis (2024–2025)
- Key Regulations and Eligibility Criteria
- Financing Your Resale Property Purchase
- The Resale Property Buying Process
- Property Inspection and Due Diligence
- Valuation, Negotiation, and Closing
- Ownership Transfer and Post-Sale Obligations
- Property Maintenance and Value Preservation
- Common Pitfalls and How Homejourney Protects Buyers
- Frequently Asked Questions (FAQ)
- Next Steps and How Homejourney Supports You
Singapore Resale Property Market Overview
Resale properties refer to previously owned homes that are sold on the open market, as opposed to new launches from developers. In Singapore, this category includes HDB flats, private condominiums, executive condominiums (ECs), and landed properties. Resale transactions are a key driver of the property market, providing flexibility, variety, and immediate availability for buyers.
Homejourney’s commitment to user safety and trust is reflected in our rigorous verification of listings, transparent transaction processes, and responsive customer support. Our platform ensures that buyers and sellers transact confidently, with access to up-to-date market data and expert guidance throughout their journey.
Types of Resale Properties in Singapore
- HDB Flats: Public housing managed by the Housing & Development Board; most common and affordable option for Singaporeans and Permanent Residents.
- Private Condominiums: Non-landed, strata-titled developments offering amenities and greater privacy.
- Executive Condominiums (ECs): Hybrid public-private housing, subject to eligibility and Minimum Occupation Period (MOP) rules.
- Landed Properties: Terraces, semi-detached, bungalows, and shophouses; offer more space and exclusivity, but come with higher prices and maintenance demands.
For a comparison of these property types, see our in-depth analysis: 新加坡公寓、别墅与组屋投资价值全面对比 | Homejourney专家分析 新加坡公寓、别墅与组屋投资价值全面对比 | Homejourney专家分析 .
Market Trends and Data Analysis (2024–2025)
Singapore’s resale property market has demonstrated steady resilience through 2024 and into 2025, despite global economic uncertainties. Here are key data points and insights for buyers and investors:
Key Resale Market Statistics (2025)
| Property Type | Q1 2025 Price Change (QoQ) | Annual Price Change (YoY) | Median Capital Gain (Condo, May 2025) |
|---|---|---|---|
| HDB Resale Flats | +1.5% | +4.2% | N/A |
| Private Condo (CCR) | +0.3% | +1.7% | S$365,000 |
| Private Condo (RCR) | +1.7% | +1.7% | N/A |
| Private Condo (OCR) | +1.3% | +2.4% | N/A |
| Landed Properties | +0.38% | -1.3% | N/A |
- HDB resale volumes: 2,276 units in June 2025, up 4.2% year-on-year[1].
- Private condo resale: 968 units resold in May 2025 (down 17.5% from April)[1].
- Median unlevered return for resale condos: 30.6% (May 2025)[1].
- Resale price growth (Q1 2025): Private homes +0.8%, non-landed +0.95%, landed +0.38%[3][2].
- Regional price performance: Strongest growth in city-fringe (RCR) and suburban (OCR) regions[2].
For the latest market trends and predictions, see our 2025 outlook: Singapore Property Market Trends & Predictions 2025 – Homejourney .
Regional Price Comparison Table (Q1 2025)
| Region | Average Resale Price (PSF) | Q1 2025 QoQ Change |
|---|---|---|
| Core Central Region (CCR) | S$2,228 | +0.3% |
| Rest of Central Region (RCR) | S$1,896 | +1.7% |
| Outside Central Region (OCR) | S$1,545 | +1.3% |
This data underscores the continued demand for city-fringe and suburban homes, especially among families and upgraders seeking value and space.
Key Regulations and Eligibility Criteria
Eligibility for Resale Property Purchase
- HDB Resale Flats: Singapore Citizens and PRs must form eligible family nuclei. Singles can buy 2-room flats (age 35+). Non-citizens can only buy private properties.
- ECs (Resale): After 5-year MOP, ECs can be sold to Singaporeans and PRs; after 10 years, foreigners can buy.
- Private Properties: No citizenship restrictions for condos; landed property purchases by foreigners require LDAU approval.
Taxes and Stamp Duties
- Buyer’s Stamp Duty (BSD): Applies to all property purchases, tiered by price.
- Additional Buyer’s Stamp Duty (ABSD): Higher rates for PRs, foreigners, and those buying second/subsequent homes.
- Seller’s Stamp Duty (SSD): Applies if a property is sold within 3 years of purchase (for private properties).
For a detailed breakdown of regulatory steps, see: Singapore Property Transaction Process: Step-by-Step Guide by Homejourney Singapore Property Transaction Process: Step-by-Step Guide by Homejourney .
Financing Your Resale Property Purchase
Understanding your financing options is crucial for a safe and successful transaction. Homejourney provides up-to-date comparisons and tools to help you secure the best rates and terms.
- Compare bank loan rates and HDB loan options with our Bank Rates page for the latest mortgage packages.
- Use our affordability calculator to determine your budget and avoid over-leverage.
- Factor in the Total Debt Servicing Ratio (TDSR) and Mortgage Servicing Ratio (MSR) rules, which cap your loan quantum based on income and existing debts.
- For foreign buyers, stricter LTV limits and higher ABSD rates apply.
Read our comprehensive guide: Complete Guide to Buying Property in Singapore 2025: Homejourney’s Trusted Playbook Complete Guide to Buying Property in Singapore 2025: Homejourney’s Trusted Playb... .
The Resale Property Buying Process
Homejourney’s platform is designed to guide you safely through every stage, with verified listings, transparent agent ratings, and expert support.
- Define your needs (location, property type, budget, amenities).
- Search for verified resale listings using Property Search or Property Search .
- Arrange viewings and shortlist suitable properties.
- Conduct due diligence on the property’s ownership, legal status, and past transaction history.
- Negotiate price and terms with the seller (often via agent).
- Exercise the Option to Purchase (OTP) and pay the option fee.
- Secure financing and complete legal checks.
- Pay remaining deposit and submit documents to HDB (for flats) or engage a lawyer (for private properties).
- Complete ownership transfer and collect keys.
For a step-by-step breakdown, see: Singapore Property Transaction Process: Step-by-Step Guide by Homejourney Singapore Property Transaction Process: Step-by-Step Guide by Homejourney .
Property Inspection and Due Diligence
Thorough inspection and due diligence are vital for a safe, regret-free purchase. Homejourney’s inspection checklist covers all major risk areas, from structural integrity to legal encumbrances.
- Check for signs of water damage, mold, or unauthorized renovations.
- Verify property boundaries and floor area against official records.
- Review recent transaction prices via Projects Directory for fair valuation.
- Ensure there are no outstanding mortgage or legal issues attached to the property.
- Engage professional inspectors for peace of mind.
Download our full checklist: Essential Property Inspection Checklist for Singapore Buyers | Homejourney Guide Essential Property Inspection Checklist for Singapore Buyers | Homejourney Guide .
Valuation, Negotiation, and Closing
Property Valuation
- Obtain a formal valuation from HDB or a licensed valuer (required for HDB flats, optional but recommended for private properties).
- Compare recent nearby transactions for benchmarking.
- Factor in renovation condition, facing, and floor level for pricing adjustments.
Negotiation Tips
- Use data from Projects Directory and EdgeProp Property News for leverage.
- Be aware of market cycles—more negotiation room in a buyer’s market.
- Secure all terms in writing and clarify any seller obligations (e.g., repairs, vacant possession).
Closing the Deal
- Pay the balance of the purchase price and stamp duties.
- Complete legal documentation and ownership transfer.
- Receive keys and begin post-sale handover.
Ownership Transfer and Post-Sale Obligations
- For HDB flats: Submit resale application online, await approval, and attend completion appointment at HDB Hub.
- For private properties: Lawyers handle conveyancing, title transfer, and registration with SLA.
- Ensure all utilities, property taxes, and conservancy charges are transferred to the new owner.
- Check for defects or outstanding repairs during final handover.
Property Maintenance and Value Preservation
Proactive maintenance preserves your home’s value and ensures a safe, comfortable living environment. Homejourney partners with trusted service providers for everything from air-conditioning servicing to renovation advice.
- Schedule regular aircon servicing with Aircon Services to maintain indoor air quality and system efficiency.
- Address minor repairs promptly to avoid costly issues.
- Consider periodic upgrades (e.g., kitchen, bathrooms) to boost value for future resale.
- Engage only licensed contractors and verify their credentials via Homejourney’s vetted service network.
Common Pitfalls and How Homejourney Protects Buyers
- Overpaying due to incomplete data: Homejourney provides verified price histories and market comparisons.
- Unverified listings or agents: All Homejourney agents and listings are screened for authenticity and compliance.
- Hidden defects: Access to inspection checklists and recommended professionals ensures transparency.
- Poor negotiation outcomes: Data-driven insights and expert advice empower confident offers.
- Unclear legal or financial obligations: Comprehensive guides and responsive support clarify every step.
Our safety-first approach, transparent processes, and responsive customer support create a trusted environment for every transaction.
Frequently Asked Questions (FAQ)
- What is the difference between a new launch and a resale property?
Resale properties are previously owned homes offered on the secondary market, while new launches are brand new units sold directly by developers. - Can foreigners buy resale HDB flats?
No, resale HDB flats are restricted to Singapore citizens and PRs. Foreigners can purchase private resale properties, subject to LDAU approval for landed homes. - What are the main costs involved in a resale purchase?
Option fee, deposit, Buyer’s Stamp Duty, Additional Buyer’s Stamp Duty (if applicable), legal fees, agent commission, and renovation costs. - How long does the resale process take?
Typically 8–12 weeks from option to completion, depending on property type and financing. - Is it safer to buy through a platform like Homejourney?
Yes. Homejourney verifies agents and listings, provides up-to-date data, and prioritizes user safety and transparency throughout the process. - What should I check before making an offer?
Ownership status, legal encumbrances, recent transaction prices, property condition, and any upcoming maintenance costs. - Where can I find more resources?
See our Home Buying Guide series: First-Time Buyer's Guide to Singapore Property Market: Homejourney’s Trusted App... , 新加坡购房常见问题解答(FAQ) | Homejourney专业指南2025 .
Next Steps and How Homejourney Supports You
References
Topics in this Guide
- Understanding Singapore Property Market Trends
- Guide to HDB Financing
- Private Property Investment Strategies
Explore Topics in this Guide
Disclaimer
The information provided in this article is for general reference only. For accurate and official information, please visit HDB's official website or consult professional advice from lawyers, real estate agents, bankers, and other relevant professional consultants.
Homejourney is not liable for any damages, losses, or consequences that may result from the use of this information. We are simply sharing information to the best of our knowledge, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information contained herein.