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The resale levy is a fixed sum payable to HDB when flat owners sell their first subsidised flat, or when they collect the keys to their second subsidised flat, whichever happens later. The levy payable depends on the flat type of their first subsidised flat.
If you do not intend to buy a second subsidised flat from HDB, i.e., you are buying a resale flat or private residential property, you need not pay the resale levy. Payment of resale levy. The resale levy payable is determined at the point you book your second subsidised flat.
Apr 4, 2023 · Paying HDB resale levy means having to set aside a portion of cash when selling your current HDB flat to buy another HDB flat in Singapore. Read on to learn how the HDB resale levy works and how much you have to pay in 2023.
Resale levy. A resale levy is payable in cash when you buy a second subsidised flat or an Executive Condominium unit from a property developer. You will be informed if you are required to pay a resale levy when you register your Intent to Sell.
Jun 6, 2022 · First the truth. Yes, you would not need to pay the resale levy if you sold your first subsidised flat and moved to either a resale flat or a private residential property. Now, for the false portion of the misconception.
Oct 10, 2022 · The resale levy is simply a cost imposed on those selling their flats who will benefit twice from HDB subsidies (more on this below). The resale levy aims to maintain a balance of subsidies given to first-time HDB flat buyers, who presumably need subsidies more, and those given second-timers.
May 17, 2021 · Resale levy is an amount you will need to pay if you are owning or previously owned a subsidised flat or EC and purchase another subsidised flat or EC direct from HDB or developers respectively and is payable in CASH.
What is the HDB and Executive Condo (EC) Resale Levy? The HDB and EC Resale Levy is essentially a payment you make for buying a second subsidised property. To understand this, we first need to understand: What is a “subsidised” property? Why does the Resale Levy exist? a. What is a “subsidised” property?
Oct 27, 2022 · If you bought an HDB BTO, SBF flat, or an EC from a developer, or you have received a CPF Housing Grant before, then you need to pay an HDB resale levy if you want to buy a subsidised flat. The covered grants include: First-timer applicant grant. Half housing grant or top-up grant. Non-citizen spouse scheme grant.
Apr 4, 2023 · Paying HDB resale levy means having to set aside a portion of cash when selling your current HDB flat to buy another HDB flat in Singapore. Read on to learn how the HDB resale levy works and...
