Posted Jul 15, 2009

Hi Asdriana,

I assume ur current 5rm HDB is bought directly frm HDB and took up a HDB loan.

You will not be taxed for your 4rm purchase if it is bought from the resale market. However, you will be required to take a bank loan to finance for this 4rm flat.

Let me know if you need further assistance, as i specialise in jurong west.

Cheerz.
Brandon - ERA Marketing Director
HP: 8233 23 23
Email: aw.brandon@gmail.com

Posted Jul 15, 2009

Hi Asdriana,

There will not be tax on this downgrading.Unless you have previously taken grant from HDB and will be subjected to the resale levy. But you will need to use a bank loan for your next purchase in the resale market.

If there is anything that i can of assistance,please feel free to contact me at 9768 1214

Cheers,
George Tan
tan.george@rocketmail.com

Posted Jul 15, 2009

Hi, Asdriana

You may contact me at 90602433 on selling of your HDB Flat.


Regards
Vincent (Mr Vrealty)
90602433 Hp
Managing Director
VREALTY GROUP
Registration No 53113832A
50 Chin Swee Road #09-04 Thong Chai Building Singapore 169874
More than 500 buyers / investors with our company. Immediate Viewing for your Property! Properties Wanted Urgently!
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Posted Jul 15, 2009

Hi Asdriana,

I assume that you are referring to the resale levy. Resale levy is only payable if you were to buy another subsidized unit direct from HDB. In your case, the levy would be $45,000 and it must be paid in cash. If you are not planning to purchase another subsidized unit direct from HDB, you will not be subjected to this levy.

If you are intending to purchase a 4rm unit from the resale market using bank loan, you would need to pay 5% of the valuation price in cash. Any 'COV' (cash over valuation) agreed between you and the seller must also be settled in cash. We will need to do a detailed financial plan before determining if this is the best course of action for you.

Do feel free to contact me at 98808428 if you have further queries.

Frances Yen
Senior Team Director
ERA

Posted Jul 16, 2009

Hello Asdriana

You are doing a great thing. Effectively, you would be reducing your loan amount. However you would need a bit more cash upfront to make this work, as explained by fellow agents here.

You can contact me below if your want to hear me out.

Regards
Asta 90059053
astapura@propnex.com
www.astapura.com

Posted Sep 16, 2009

Hi Asdriana,
I am usually at Jurong area. I can explain to you on how to handle your downgrading procedures in details.

Call me at 96884426.

Sincerely Yours,
Joseph Phua ERA

Posted Jan 30, 2010

hi
Whther you need to pay reale levy depends on whether did your current flat brought directly from HDB and did you take any housing grant for purchase of your current flat.

Do call me for furthur clarification

97936597
THE ARC SYSTEM of selling

Posted Jul 31, 2009

HI I AM LAVANYA FROM PROPNEX
NOW THE MARKET IS GOOD I HAVE BUYER FOR 5 ROOM FLAT IN JURONG WEST VAL+GOOD CASH
PLS FEEL FREE TO CALL ME 91451424 WE WILL DISCUSS ABOUT FINANCIAL PLAN THS

Posted Jul 16, 2009

Hi Asdriana,

There won't be any Tax imposed for your 5rm flat after selling.

There will be some cash involve when buying the 4rm flat (COV + 5% Valuation price) for taking Bank Loan.

Please feel free to give me a call for a non-obligation discussion @ 9027-6142 (kenlim09@gmail.com).


Regards,
Ken Lim
C & H Group