Top 10 Tips to Sell Property in Singapore

From valuation to viewings and negotiation, learn how to strategically sell your property in Singapore with the expert insights and guidance of SHE Real Estate.
sell property in Singapore

You need more than just a listing to sell property successfully in Singapore’s fast-paced market. From understanding pricing trends to crafting effective marketing strategies and securing the right legal support, every step counts in achieving the highest price and fastest sale. That’s why it matters that you know how to sell property in Singapore or have a trusted real estate professional like SHE Real Estate walk you through the process.

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Singapore Property Market

Sellers who understand the Singapore property market trends can decide how to position their properties effectively. Private home prices have been growing steadily, increasing 0.6% quarter-over-quarter in Q1 2025, following a 2.3% rise in Q4 2024. Demand for new private homes remains strong, with 3,379 units sold in Q1 2025, just shy of the 3,420 units sold in the previous quarter. Notably, Outside Central Region (OCR) accounted for 66% of these new sales, the highest quarterly volume since Q2 2013. 

Resale activity has slowed, with a 14.7% decline from Q4 2024 to Q1 2025, signalling that buyers currently prefer new launches. Landed home prices have rebounded, with detached home prices up 19.2% quarter on quarter to $1,910 per square foot.

HDB resale prices continue to rise, marking the 20th consecutive quarter of growth, with a 1.5% increase in the first quarter of 2025. Knowing the market is crucial for making informed decisions when selling property in Singapore, including considering a property loan.

The procedure for selling property in Singapore is multi-step. It’s vital to be acquainted with these various steps to maximise your returns on your property and ensure you don’t miss any crucial components.

cost of selling property

1. Valuing Your Property

Accurate valuation is the foundation of successful property selling, as you have to set a competitive asking price that attracts serious buyers and maximises profits. Several methods for valuing a property include comparing similar properties, obtaining professional appraisals, and conducting comprehensive market analyses. Engaging a professional valuer will give you an expert opinion that reflects current market conditions and trends.

Several factors affect property value, including location, property condition and recent sales. For example, properties near upcoming MRT lines or within popular school districts command higher prices. Well-maintained properties with modern amenities and recent renovations can also have higher values.

Understanding and leveraging these factors will allow you to set an asking price that appeals to buyers and get a successful sale.

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2. Find a Reliable Real Estate Agent

Choosing the right real estate agent is key to a successful property-selling journey. A good agent should know extensively about the local property market and recent transactions. Do your due diligence and verify the real estate agent’s credentials and reputation to ensure you partner with someone who can effectively market and sell your property.

Before deciding, interview multiple real estate agents to compare their approaches, experience and communication styles.  The right agent will make the selling process more efficient. A reliable agent will provide a clear marketing plan and outline their sales strategy. This includes how they will market your property, the channels they will use and their plan for viewings.

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3. Making Your Home Attractive to Buyers

First impressions count when selling a property. Effective home staging can significantly impact how potential buyers perceive your home, leading to a quicker sale. Focus on key areas, such as the living room, kitchen and master bedroom, to create a good first impression. Importantly, minor repairs, such as chipped paint or leaks, should be addressed to prevent minor issues from deterring buyers.

Use neutral paint colours and maximise natural light during viewings to make your home more attractive to a broader audience. A bright, well-lit home feels more spacious and inviting, and the overall ambience is better. If you spend time and effort to make your home attractive, you will attract serious buyers.

selling property Singapore

4. Marketing Your Property

In Singapore’s high-stakes real estate landscape, especially at the mid-to-upper tiers, the goal isn’t just to sell a home; it’s to make someone feel like they’ll miss out if they don’t act. Here are some of the ways the smartest sellers and agents do it:

1. Pre-Position the Property Before It Hits the Market
The most successful sales often start before the first portal listing goes live. To build early momentum, create anticipation through quiet previews to select agents, off-market teasers on curated mailing lists, or limited walkthroughs for past high-intent buyers. For premium homes, exclusivity is a key marketing strategy.

2. Control the Narrative, Don’t Just List Features
Instead of a feature dump (‘4 bedrooms, near MRT, pool access’), craft a story that a potential buyer can connect with emotionally: ‘a home where three generations gather under one roof’ or ‘a rare double volume penthouse with sunrise breakfasts and sunset cityscapes’. Real estate, especially in Singapore, is both a utility and an aspiration. 

3. Go Beyond the Usual Channels
Many sellers rely too heavily on portals like PropertyGuru or 99.co. The most qualified buyers are likely not scrolling there. Partner with a real estate broker like SHE Real Estate, which can market through private wealth networks, family offices, and relocation consultants to reach UHNWIs, who buy property differently.

4. Use Psychological Anchors
High-net-worth buyers compare, not just evaluate. To anchor perception, position your property next to a recent record sale or reference architectural pedigree (‘designed by Mok Wei Wei’, ‘former ambassadorial residence’). In a market where status matters, subtle cues can justify premium pricing.

5. Invest in Staging That Translates to Camera
A beautifully staged home doesn’t always photograph well. Choose staging that highlights angles, depth and texture on camera. Soft lighting, minimal clutter and warm materials (such as wood, linen, and matte metals) also photograph and sell better.

6. Market the Lifestyle, Not the Logistics
You’re not just selling ‘District 10’ or ‘4,200 square feet’. You’re offering ‘10 minutes to Dempsey Hill for Sunday brunch’ or ‘wine cellar views from your home study’. Focus on the lived experience of what it’s like to live in the property, not just its physical characteristics.

Well-executed property marketing in Singapore isn’t about volume but precision, nuance and narrative. When done right, it creates competition. In a competitive sale, price becomes secondary to desire.

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5. Viewing Your Property

In Singapore’s high-end property market, especially with premium listings, viewings are no longer just a walkthrough. They are a curated experience designed to evoke emotions, establish trust and necessitate decision-making. How and when you show your property can make the difference between a casual browser and a serious buyer.

1. Prime the Timing, Not Just the Space
A daytime viewing may flood the home with natural light, while an evening slot can showcase relaxed ambient lighting, city views, or the quiet charm of a residential street. Be intentional. Morning is best for units with east-facing balconies. For landed homes, twilight brings out landscape lighting and architectural drama.

2. Create Sensory Cues That Anchor Memory
Sight and space are obvious. But what about scent, sound and ‘feel’? Soft background music can mask street noise and create a soothing atmosphere. Subtle scents (nothing overpowering—think lemongrass or sandalwood) evoke calm. These cues matter more than you think and can help buyers visualise living in a space.

3. Remove Emotional Baggage
Buyers don’t want to see your life; they want to imagine theirs. Remove clutter, family photos, laundry baskets and overly personal decor. Neutral, depersonalised spaces feel larger, calmer and more aspirational.

4. Flexibility Signals Seriousness
Buyers often operate on tight, shifting schedules. Being inflexible with appointments, even with short notice, can cost you a sale. Work with your agent to create viewing windows across weekdays and weekends, with access pre-cleared at security or reception.

6. Anticipate Objections Before They’re Raised
If the unit faces a less-than-ideal direction or has layout quirks, address them before the buyer does, and do so with solutions. For example, “while this room gets less morning sun, it stays cool in the afternoons and is perfect for a study”. Anticipated transparency builds credibility.

 

how to sell property Singapore

 

6. Negotiating the Right Price

In Singapore’s prestige property segment, negotiations aren’t won with discounts but with confidence, clarity and data-backed storytelling. Buyers of high-value homes aren’t just looking at square footage or psf rates. They’re weighing legacy, location rarity and the property’s future potential. Start your negotiation by anchoring price expectations with recent landmark transactions in the same building and within comparable prestige clusters. Frame your property not as a number but as a benchmark: “This isn’t just another unit at 21 Anderson – it’s one of two full-floor penthouses available in the Orchard vicinity with a private roof deck”.

Then shift the conversation to future value. A freehold property near a future MRT interchange or next to a major URA transformation zone should be priced considering what’s coming. Use this forward narrative to widen your Zone of Possible Agreement (ZOPA). Buyers are more likely to stretch if they believe today’s premium is tomorrow’s opportunity.

Don’t rush the silence. In high-stakes negotiations, patience is a powerful asset. When a buyer pauses, let the silence hang. It signals you’re not desperate, that you’re confident in the property’s value, and often this quiet will give them a chance to clarify their intent and recognise what you are offering.

Above all, know when to stand firm. In a market where prestige homes are few and buyers are savvy, value isn’t just about what’s on the table, it’s about what they can’t get anywhere else.

 

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7. Legal Procedures and A Conveyancing Lawyer

Navigating the legal procedures involved in selling property can be overwhelming, but hiring qualified lawyers can make the selling process smoother and more efficient. A conveyancing lawyer handles all legal aspects, prepares the Option to Purchase (OTP), and assists in the transfer of ownership.

Conveyancing fees can vary significantly based on the complexity of the transaction, generally ranging from $2,000 to $5,000. Additional costs of selling property in Singapore, such as legal fees, property appraisals, and inspections, may arise, so it’s essential to clarify these expenses upfront. Engaging an experienced conveyancing lawyer helps navigate the complexities of property transactions with confidence and expertise. SHE Real Estate can recommend top-tier conveyance lawyers to help mediate your sale.

 

selling property in Singapore

 

8. Option to Purchase (OTP) Process

The OTP grants the buyer the exclusive right to purchase the property for a specified period. For HDB transactions, the standard OTP form must be used. For private properties, the OTP can be customised. The option fee for HDB flats must be at least $1 but not more than $1,000. For private properties, the option period is usually negotiated but is often 14 days.

If the buyer allows the OTP to lapse without exercising it, the seller keeps the option fee. When the buyer exercises the OTP, they must also pay the applicable Buyer’s Stamp Duty within 14 days of exercising the OTP. Understanding the OTP process helps manage buyers’ expectations and ensures a smooth transaction.

 

selling property in Singapore procedure

 

9. Signing the Sales and Purchase Agreement

The sales and purchase agreement (SPA) is a legally binding document that outlines the terms and conditions of the property sale, including price and payment methods. Sellers must disclose any known property defects in the SPA to ensure transparency and fairness in the transaction. The completion date in the SPA is crucial as it marks the transfer of ownership and the buyer’s possession.

Legal requisitions must be made to obtain necessary information about the property, including any outstanding charges and legal issues. Conditions precedent in the SPA must be fulfilled before the sale can proceed, which could include obtaining necessary regulatory approvals and the next steps for the acquisition.

Ensure all details are covered in the SPA to avoid potential disputes and ensure a smooth sale.

 

cost of selling property in Singapore

 

10. Completion

Finalise the seller’s payment to pay the seller’s stamp duty and taxes before completing the sale. The buyer takes ownership of the property once all the necessary legal documents have been processed and the sale is finalised. Possession of the property is then handed over to the buyer, marking the end of the seller’s stamp duty transaction.

For private properties, key handover happens upon legal completion, once the seller’s lawyer confirms receipt of full payment and lodges the transfer with the Singapore Land Authority (SLA). For HDB flats, keys are handed over at the second appointment at the HDB office, following final approval and disbursement of CPF funds.

 

how to sell property in Singapore

 

Selling Your Property with SHE Real Estate

As you can see, selling a property in Singapore can be complicated and time-consuming, but it can be significantly easier with professional assistance. SHE Real Estate has the expertise and experience in the Singapore private property market to market your property to the right buyers effectively. Whether you need help with valuation, marketing or legal procedures, our team is here to assist you every step of the way. Contact SHE Real Estate today to start your journey to selling your property.

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SHE Real Estate represents world-class properties, high-end new developments and private clients with unparalleled service and a reputation backed by more than a decade of global industry experience.