You have decided to sell your flat. The first question that comes to mind is simple. How much will I actually get in cash? The selling price is not the same as your cash proceeds. Many sellers learn this the hard way. They think a $600,000 sale means $600,000 in their pocket. Then the CPF refund hits. Then the loan repayment. Then the fees. The final number is much smaller.

This is why you need a home selling price calculator. These tools help you estimate what your flat is worth and how much cash you will actually take home. In Singapore, several free options exist for HDB and private property owners. This guide covers how these calculators work and what you need to know.

What a Home Selling Price Calculator Does?

A home selling price calculator gives you two key numbers. The first is your property's estimated market value. The second is your estimated cash proceeds after all deductions.

Different tools serve different purposes. Some focus on valuation. Others focus on cash proceeds. The best approach is to use both types together.

Read More: How to Increase Property Value Fast Before Selling a Home

Free Home Selling Price Calculators in Singapore

Several platforms offer free home selling price calculator tools. Here are the main ones.

SRX X-Value Calculator

• The SRX valuation calculator is one of the most popular tools in Singapore. It uses comparable sales data to estimate your property's value. You enter your postal code and unit number. The tool pulls recent transactions from nearby blocks and similar units.
• The SRX X-Value report shows your property's estimated value, historical price trends over 10 years, and comparable sales in your area. It also provides rental estimates. This helps you decide whether to sell or rent out your flat.
• The tool is accessible on both desktop and mobile. You can track up to three properties and receive email alerts when values change.

One limitation: the SRX calculator does not account for interior renovations. It bases estimates on size, location, and age. If your flat has premium renovations, the actual value may be higher.

Ohmyhome HomerAI

• Ohmyhome offers a free home selling price calculator through its HomerAI tool. When you register your home, all property details are stored in your dashboard. You do not need to re-enter information each time.
• HomerAI uses trusted private and public sources. It continuously updates with the latest price trends. The tool also provides insights on past transactions in your block and area. This includes average transacted price per month and recent transaction breakdowns.

PropertyGuru Valuation Tool

PropertyGuru's tool calls its estimate the "Estimated Market Price." It tells you if your property valuation is above or below average based on past transactions of similar-sized units.

99.co Property Valuation Tool

The 99.co tool provides both an estimated home value and a rental value. This is useful if you are deciding between selling and renting.

EdgeProp Edge Fair Value

EdgeProp's tool estimates your property's Open Market Value. In tests, it has performed well against actual transacted prices.

CPF Housing Usage Calculator

The CPF Board offers a Housing Usage Calculator. This is not a valuation tool. It helps you estimate how much CPF you used for your property. This number matters because you must refund it when you sell.

How to Estimate Your Cash Proceeds?

The selling price is only the starting point. To calculate your actual cash, you need a cash proceeds calculator approach. Here is the simple formula:

Cash Proceeds = Selling Price – Outstanding Loan – CPF Refund – Transaction Fees

Let us break down each part.

Step 1: Start with the Selling Price

This is the price you and the buyer agree on. It is stated in the Option to Purchase (OTP).

Step 2: Subtract the Outstanding Housing Loan

If you still owe money on your flat, that amount gets paid first. Whether the loan is from HDB or a bank, it must be cleared before you see any cash.

Step 3: Subtract the CPF Refund

This is the part that surprises most sellers. When you used CPF to buy your flat, you must refund that amount plus accrued interest when you sell.

• What is accrued interest? It is the interest your CPF savings would have earned if you had not used them for housing. CPF charges 2.5% per annum on the amount withdrawn.
• This refund goes back to your CPF account, not to your pocket. It is your money. But it is not liquid cash.
• If you are below 55, the refund goes to your Ordinary Account (OA). If you are 55 or above, it first tops up your Retirement Account (RA) to meet the Full Retirement Sum. Any balance goes to your OA.
• You can check your estimated CPF refund amount on the CPF website. The Home ownership dashboard shows the principal and accrued interest.

Step 4: Subtract Transaction Fees

These include:

• Property agent commission
• Legal and conveyancing fees
• Any outstanding charges to the town council or management

Agent commission is typically 2% of the selling price. Legal fees range from $2,000 to $3,000 for a typical HDB transaction.

You May Also Read: When Is The Best Time Of Year To Sell a House?

What If the Proceeds Are Not Enough?

Sometimes the selling price does not cover the outstanding loan and CPF refund. This is called a negative sale. If you sold at market value, you usually do not need to top up the shortfall in cash. CPF will take whatever proceeds are available and waive the rest.

When Will You Get Your Cash Proceeds?

This is a common question among sellers. When will I get my cash proceeds after selling HDB?

• You receive your cash proceeds on the completion date. For HDB resale, this is the second appointment. The money is issued as a cashier's order that you can deposit into your bank account.
• The CPF refund is different. It goes back to your CPF account within 15 working days after completion. If funds are transmitted electronically, it may be processed within 3 working days. If submitted manually, it takes up to 15 working days.

This timing matters if you are buying your next flat. Your CPF money may not be available immediately. You need to plan for the gap.

The HDB Accrued Interest Calculator Concept

• The HDB accrued interest calculator is not a separate tool. It is part of the CPF refund calculation. Accrued interst is calculated at 2.5% per annum on the CPF amount you used.
• The longer you have owned your flat, the higher the accrued interest. This is why two sellers with identical flats can walk away with very different cash amounts. One may have used more CPF. One may have held the flat longer. One may have made a voluntary housing refund early to reduce the accrued interest.

Voluntary Housing Refund: You can refund CPF money before you sell. This reduces the accrued interest that builds up. It means more cash in your pocket when you eventually sell.

How to Use These Tools Together?

Here is a simple process:

• Step 1: Use the SRX valuation calculator or another valuation tool to estimate your flat's value.
• Step 2: Check your CPF Home ownership dashboard for the exact refund amount.
• Step 3: Check your outstanding loan balance with HDB or your bank.
• Step 4: Estimate your transaction fees.
• Step 5: Run the numbers using the formula above.

This gives you a realistic picture of your cash proceeds. Do not rely on the selling price alone.

FAQs

1. What is a home selling price calculator?

It is a tool that estimates your property's market value based on recent transactions. Some tools also estimate your cash proceeds after deductions.

2. Is the SRX valuation calculator free?

Yes. The SRX X-Value tool is free to use. You can check values for an unlimited number of properties without registering.

3. How accurate are these calculators?

They are estimates, not formal valuations. They use comparable sales data. The actual price depends on negotiation, renovation quality, and market conditions.

4. When do I get my cash proceeds after selling HDB?

You receive cash on the completion date, usually at the second HDB appointment. It is issued as a cashier's order.

5. How long does the CPF refund take?

The CPF refund is processed within 3 to 15 working days after completion, depending on how funds are submitted.

6. What is accrued interest on CPF?

It is the interest your CPF savings would have earned if you had not used them for housing. It is charged at 2.5% per annum. You must refund it when you sell.

7. Can I reduce the CPF refund?

Yes. You can make a voluntary housing refund before selling. This reduces the accrued interest that builds up.

8. What if my sale proceeds are not enough to cover the CPF refund?

If you sold at market value, you do not need to top up the shortfall in cash. CPF will take the available proceeds and waive the rest.