HDB Request for Value: Cost and Timeline

Quick answer: The Request for Value is the buyer's request for HDB to confirm a flat's value after an Option to Purchase is granted. You submit it through My Flat Dashboard by the next working day after the Option Date, with a scanned page 1 of the OTP and a $120 fee including GST. HDB says the outcome is typically available within 10 working days and stays valid for 3 months. You must wait for it before you can exercise the OTP, and you can skip it only if you pay with cash alone.

Rates and thresholds change. The current figures are kept in one place: the Singapore property rules reference.

What does the Request for Value do?

The Request for Value determines the value that forms the basis for your CPF usage and the reference for your housing loan amount, from HDB or from a bank, unless the bank advises otherwise. If you pay for the flat with cash only, meaning no CPF and no housing loan, you do not need to submit one. If a valuation is needed, an appointed valuer contacts the seller to arrange an inspection of the flat.

What is the timeline from Option Date to exercise?

The clock that matters is the Option Period, which HDB sets at 21 calendar days from the Option Date, counting Saturdays, Sundays and public holidays. Everything below has to fit inside it.

Timeline for an HDB resale purchase, from the HDB Request for Value page.
Step	What happens and when
Seller grants the OTP	The Option Date. The 21 calendar day Option Period starts.
Submit the Request for Value	By the next working day after the Option Date, through My Flat Dashboard, with a scanned page 1 of the OTP. The fee is $120 including GST.
Outcome available	HDB emails you when it is in My Flat Dashboard, typically within 10 working days of the request.
Exercise the OTP	Only after the outcome is available, and still within the Option Period.
Resale application	The buyers' and sellers' portions must both be submitted within 3 months of the outcome, or you file a new Request for Value.

Worked example: how tight is the window?

Suppose you submit the request one day after the Option Date and the outcome arrives after 10 working days. Ten working days is about two calendar weeks, so the outcome lands around day 15 or 16 of a 21 day Option Period. That can leave you about a week to confirm your loan, your CPF usage and your decision to exercise. This is an illustration of the stated timeline, not a promise, because HDB says only that the outcome is typically available within 10 working days.

It is why the groundwork comes first. For a resale flat you must already hold a valid HDB Flat Eligibility letter before you obtain the OTP, and you need to have your financing mode decided. The HFE letter answer covers the letter.

Who can submit it, and what if the value differs from the price?

You submit it yourself in My Flat Dashboard after confirming your mode of financing. If you use a salesperson, they may submit it for you through HDB's resale channels. The value is the figure HDB uses for CPF usage and the loan reference, so a price above that value creates a gap to plan for. That gap is called cash over valuation. Read what cash over valuation is and who pays it, and ask your bank how it treats the gap for your loan.

Sources and references

Official sources, checked on 3 November 2026.

Frequently asked questions

Do I need a Request for Value if I am paying cash?

No. HDB says that if you use cash only, with no CPF usage and no housing loan, you do not need to submit a Request for Value.

How much does a Request for Value cost?

$120 including GST, paid to HDB when you submit it.

How long does the outcome take?

HDB says it is typically available within 10 working days from the date of your request, and you are told by email when it is in My Flat Dashboard.

How long is the outcome valid?

3 months from the day it is made available in My Flat Dashboard. Both the buyer and seller portions of the resale application must be submitted in that period, otherwise you need a new Request for Value for the same transaction.

Can I exercise the OTP before the outcome arrives?

No. HDB says you have to wait for the outcome of the Request for Value before you may exercise the OTP during the Option Period.

Buying a resale flat and watching the Option Period?

Winfred can help you line up the HFE letter, financing and paperwork so the 21 day window is not rushed.

Book a free 30 minute strategy call WhatsApp Winfred

Winfred Quek is an Associate Marketing Consultant at Crestbrick Pte Ltd (CEA Licence No. L3010886H). CEA R073319H. This page is for general information only and does not constitute financial, investment, or legal advice. Verify current figures with IRAS, HDB, CPF Board or MAS before making any decision.