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The Ultimate Guide to Selling Your Condo in 2026

Published 16 June 2025

The Ultimate Guide to Selling Your Condo in 2026

TL;DR / Summary:

–Seller’s Stamp Duty (SSD) applies if you sell within 4 years of purchase (up to 16% tax); no SSD is payable after 4 years.
-Before listing, estimate your condo’s value and calculate potential cash proceeds after fees, taxes, and legal costs to understand your real returns.
-Sellers must grant an Option to Purchase (OTP), which becomes legally binding once the buyer exercises it and pays the deposit.
-The buyer typically pays a 1% option fee first, followed by about 4% upon exercising the OTP, before the sale proceeds to legal completion.

The process of selling a private property, such as a condo, in Singapore involves checking whether Seller’s Stamp Duty (SSD) applies, pricing your unit based on recent transactions, preparing it for viewings, granting an Option to Purchase (OTP), and completing the legal transfer with your lawyer.

While there are generally fewer restrictions when selling a condo compared to selling an HDB flat, the timeline, documentation, and financial calculations still require careful planning.

In this guide, we’ll walk you through each step clearly so you know what to expect and how to confidently navigate your condo sale.

Step-by-step Guide to Sell Your Condo:

1. Check Payable Seller’s Stamp Duty (SSD)

The first thing to determine when selling your condo is whether Seller’s Stamp Duty (SSD) applies based on how long you’ve owned the property.

  • If you have owned your condo for more than 4 years, no SSD is payable. You may proceed directly to Step 2.
  • If you are selling within 4 years of purchase, SSD will apply based on your holding period.

SSD applies to private residential properties, including condos, that are sold within the first 4 years of ownership under Singapore’s property cooling measures. This is the minimum holding period, similar to the Minimum Occupation Period (MOP) for HDB flats, that requires you to physically stay in your condo before you’re eligible to sell.

If SSD applies, payment must be made within 14 days from the date the Option to Purchase (OTP) is exercised. The tax is calculated based on the higher of the selling price or market value.

SSD Rates From 4 July 2025 Onwards

Holding Period

SSD Payable (% of actual price/market value)

Up to 1 year

16%

More than 1 year and up to 2 years

12%

More than 2 years and up to 3 years

8%

More than 3 years and up to 4 years

4%

More than 4 years

No SSD Payable

2. Conduct Market Research and Post Condo Listing

Before putting your condo up for sale, you’ll want to get a rough idea of how much other condos in your area have been transacted for, so you can keep your asking price reasonable while also ensuring that you don’t get ripped off by an opportunistic buyer.

To aid your market research, you can use HomerAI to check your condo’s estimated value for free. Simply enter your address to get an instant valuation and a clearer understanding of your potential sale proceeds before listing your unit.

Along with your estimated value, you can also view recent condo transactions in your area, calculate your expected cash proceeds after deducting costs such as SSD, legal fees and agent commissions, and use the affordability calculator to assess how much you can budget for your next property purchase.

3. Home Staging and Renovation

To give yourself the best chance of selling your condo at the best price, you’ll want to put your best foot forward. There’s a name for this: home staging.

Rearrange your existing furniture, declutter your living and dining areas, as well as your rooms and bathrooms, to present a clean and organised home. This will help potential buyers visualise themselves living in your home. If you engage us to sell your condo, our Super Agents will guide you on what kind of staging your home needs.

Now, you might be tempted to renovate your home to negotiate a higher selling price. Instead of forking out extra cash for a full home makeover, you should repair all your lighting fixtures, doorknobs, and bathroom fixtures instead.

You can also consider adding more electrical points in key areas of the home, such as beside sofas and beds, to accommodate your buyers’ lifestyle of working from home or lounging at night while charging their phones.

4. Get Matched to Your Ideal Buyer

After preparing and listing your condo, the next step is finding a suitable buyer. While property portals help create visibility, a successful sale often depends on reaching buyers who are already searching for a condo with similar location, budget, and preferences.

To support this, Ohmyhome uses MATCH, an algorithm that propels accurate buyer matches and supercharges your home sale. In fact, we are able to transact properties at 11x faster than the industry average with the help of this technology.

With over 200,000 monthly active users, MATCH functions as a powerful aggregator to generate the most number of buyers for you. We’ll send your condo listing for sale to buyers who are looking for a property like yours; after which, all you have to do is select the best candidate for your home.

If you’re looking to buy a condo and found this article, you can let us know what property you’re looking for by filling up this form, and we’ll send you all available listings directly to your WhatsApp.

5. Arrange Viewings and Negotiations

Your asking price is not the final transaction price. Buyers will throw curveballs at you to bring the price down, which you must be ready to counter if you wish to get your ideal profit.

Negotiations will definitely put your market research to the test. You’ll want to have looked at the properties within a 1km radius of your home, as well as the recent transactions in your area, which you can find on HomerAI. This will give you hard, concrete numbers to fall back on when buyers quote a price below the market rate.

That said, there’s only so much groundwork the average person can do. With a property agent on your side, you can rely on their negotiation skills and market knowledge to secure the best price for your condo.

6. Contact a Lawyer and Grant the Option to Purchase

At this stage, you’ll need to engage a lawyer to draft the terms and conditions in the Option to Purchase (OTP) and prepare the necessary documents for the transfer of ownership.

Unlike OTPs for HDB flats, which can be downloaded from the HDB website, OTPs for private properties have to be drafted by a lawyer or an agent authorised to handle legal documents relating to property.

Once the OTP has been drafted, the buyer can proceed with the purchase from you at 1% of your condo selling price. That’s the Option Fee, which can be negotiated. The Option Fee is there to simply lock down the buyer’s offer.

You will then have to sign the OTP once the Option Fee has been agreed upon, which will commence the Option Period. This period typically lasts between 2 to 10 weeks, depending on how negotiations go. The buyer can then decide to exercise the OTP within the 14-week Option Period, indicating his/her decision to purchase your property.

7. Buyer to Exercise OTP

You don’t have to do anything at this stage except wait for the buyer to exercise the OTP. Your legal representative will inform you once it has been done.

The Exercise Fee is usually 4% of the selling price and will be paid to the conveyancing account of your law firm (unless a separate private arrangement has been agreed upon between you and the buyer). You will then enter into a Sale and Purchase Agreement (S&P) with the buyer.

Do remember that if the buyer does not wish to proceed with the purchase of your home and does not exercise the OTP within the stipulated 14-week Option period, the Option Fee will be forfeited.

8. Complete the Sale

If you’ve engaged a lawyer or a property agent for the sale of your condo, the rest of the process should be smooth sailing from here on out.

You will be required to sign documents on the final sale date and hand over your keys to the buyer. Just be sure to move out before the transfer of ownership. If you have to extend your stay beyond the date of transfer, private arrangements should be agreed upon prior to the condo sale’s completion.

Ready to Sell Your Condo? Get in Touch With the Top 1% of Agents in Singapore

If you want assistance navigating the entire process of selling a condo, or any other private property, simply drop us a message on WhatsApp or talk to us via our Live Chat at the bottom, right-hand corner of the screen.

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Frequently Asked Questions About Selling Condo in Singapore

1. What is the agent fee for selling a condo in Singapore?

The typical agent fee for selling a private condo in Singapore can go up to about 3% of the sale price, although platforms like Ohmyhome offer lower commissions at only 2%.

2. How long does it take to sell a condo?

The timeline for selling a condo in Singapore typically ranges from about 2.5 to 3.5 months, from listing the property to legal completion. However, this can vary depending on market demand, pricing strategy, and negotiation terms. Condos priced competitively and marketed effectively may sell faster, while buyer financing or legal processing can slightly extend the overall timeline.

3. What is the best time to sell a condo in Singapore?

It is said that the best time to sell a condo in Singapore is between March and July, after Chinese New Year, when market activity typically picks up. Some sellers also choose to sell after the 4-year Seller’s Stamp Duty (SSD) period to avoid penalties, or closer to a project’s TOP, when buyer interest may be stronger.

4. What are the best digital tools to estimate my condo’s market value in Singapore?

One of the best digital tools you can use to estimate your condo’s market value in Singapore is by using HomerAI, which provides a free instant property valuation based on recent transaction data.

5. How can I list my condo for sale on top property platforms in Singapore?

You can list your condo for sale in Singapore by engaging a property agent or using platforms like Ohmyhome, which allow you to list your property for free across major property portals.