Property Valuation for HDB Flats and Condos

S$120, including GST. That is HDB's processing fee for a Request for Value, which a resale buyer pays when using CPF savings or a housing loan; a buyer paying only in cash does not submit one. PropKaki's estimate from recent comparable sales is free. HDB's figures as checked in September 2026.

The buyer submits HDB's Request for Value by the next working day after the seller grants the Option to Purchase. HDB says the outcome typically comes within 10 working days, and the buyer must wait for it before exercising the Option within its 21-day option period. The outcome is valid for 3 months. Check HDB's page before you rely on the timing.

You can estimate a Singapore property's value free on PropKaki's Valuation Assistant, with no account needed, by comparing it against recent transacted prices and current listings for similar units. Paste a PropertyGuru, 99.co or EdgeProp listing link or enter the property's details, and it returns an evidence-based valuation range and a negotiation position drawn from URA caveat and HDB resale data — not a formal or bank valuation.

Market value is judged from comparables — the recent transacted prices and current asking prices of similar properties, adjusted for size, floor level, tenure, condition and location. PropKaki's Valuation Assistant runs this comparison automatically against URA and HDB transaction data and live listings, then expresses the result as a range rather than a single figure, because comparable evidence is always a spread.

The asking price is what a seller is requesting; the valuation is an evidence-based estimate of what the property is actually worth, based on comparable transactions. In Singapore asking prices commonly sit above transacted prices, so the gap between the two is exactly what the Valuation Assistant surfaces — showing how much room there may be to negotiate.

An online valuation is an estimate for guidance, not a formal valuation, and it is only as good as the comparable evidence available. It tends to be reliable for a typical unit in a larger development with many recent transactions, and less certain for unusual or rarely-transacted properties. For a mortgage, banks rely on their own panel valuers; PropKaki's range is for setting an offer, a listing price or a negotiation strategy.

Yes — that is its purpose. For buyers, PropKaki's Valuation Assistant turns the comparable evidence into a suggested offer range and negotiation strategy; for sellers, it suggests a listing range supported by what comparable units have actually sold for. Start from a listing URL or enter the property details to get both the range and the reasoning behind it.

You can start with just a listing link from PropertyGuru, 99.co or EdgeProp and PropKaki fills in the details automatically, or enter them yourself — project or address, size, number of bedrooms, floor level and tenure. The more accurate the inputs, especially size and floor level, the tighter the valuation range, since those drive which comparables are selected.

Yes. Search the building by name — an office tower, shophouse, factory or warehouse — and the assistant values the unit on the things that price commercial space: use type, floor area, tenure and zoning, never bedrooms. The evidence works differently from residential: individual buildings often trade only a handful of times, so alongside the building's own caveats the assistant leans on five years of strata sales in the same planning area, broken down by use type. Two things to keep in mind: quoted prices are GST-exclusive (a GST-registered seller adds 9%, generally claimable by a GST-registered buyer), and land-basis caveats are labelled separately because their PSF is not comparable to strata units.

No. PropKaki's Valuation Assistant is a data-driven estimate for planning, pricing and negotiation — it is not a formal valuation, not financial advice, and not a substitute for a licensed valuer. Banks use their own panel valuers when assessing a loan. Treat the range as evidence to inform your own judgement.