The Importance of HDB Valuation in Singapore

In Singapore, where around 80% of the population live in HDB flats, understanding HDB valuation is especially crucial.

Here’s why:

1. It Affects the Selling Price

If you’re thinking about selling your flat, knowing how much your flat is worth helps you set a competitive and realistic price. Overpricing can turn buyers away, while underpricing may lead to lost income.

2. It Determines CPF Usage & Loan Amounts

Buyers and sellers must rely on the official HDB valuation to determine:

• The maximum amount of CPF savings a buyer can use

• The amount of loan a buyer can take from HDB or a bank

• Whether Cash Over Valuation (COV) will be needed

3. It’s Required for Resale Transactions

If you’ve found a buyer, the next step is to request a valuation from HDB through the HDB Resale Portal. A licensed valuer will be assigned to inspect the flat and submit a report—this becomes the basis for financial calculations on both ends.