This is also known as “conveyancing fees”.

If you are buying a private property, you’d need to engage a lawyer to advise you on the process, and later to handle the necessary legal work to transfer ownership of the property. Legal fees could range between 1% and 1.5% of the property purchase price.

Some banks may offer a legal fee subsidy as part of their loan package. You can use your CPF savings to pay the difference in legal fees after taking into account the bank's subsidy.

HDB provides legal services when you:

• Buy an HDB flat
• Sell your HDB flat
• Refinance your HDB loan

whether you are taking a loan from HDB or from the banks. For HDB flat financed with bank loan, you can either choose HDB or your own private lawyer to provide the legal service. CPF savings cannot be used to pay the legal fees if you are selling your property.

Estimate of the legal fees for HDB transaction

CPF Conveyancing Panel for Residential Properties Scheme and HDB Flats Financed with Bank Loan