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Hi,

Once you receive a grant, it implied you have enjoy subsidized from the government, as good as bought a BTO/SBF.

(1) Thus you are considered as 2nd timer when you apply for the BTO in future.
(2) You have to pay sales levy which is $40k as of current policy.
(3) Your grant will remain in your CPF account. It forms part of your CPF payout to current flat. You may also use the amount to pay off BTO/SBF.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Hi Isaac,

If you take the CPF Housing Grant now, you will be considered a 1st timer. Hence, should you apply for a BTO later on, you will be liable to pay a resale levy of $40,000 for a 4RM flat.

If you are taking only Proximity Housing Grant, you need not pay any resale levy when you apply for your second subsidized housing.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Isaac,

Thank you for your query!
You will be considered as 2nd timer when you apply for the BTO in future and thus,have to pay sales levy which is $40k as of current policy.

Perhaps you can contact me at 96659926  for a short discussion for me to run you through the overview of the purchase framework, understand your requirements and specifications as well as calculate your finances on hand (Cash/CPF amalgamation) to construct a financial plan with payment timeline. Furthermore, I will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and sales report with projected returns/ capital gains for you to observe and understand, offering market insights for your consideration. Thank You!

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
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P Group
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Good morning Issac,

you will be subject to a resale levy of $40k (based on your purchase of a subsidised 4rm flat). Payable in cash or deductible from future sale proceeds.

Amount of this housing grant will return to your CPF account when you sell it off in future.

Care to share more about your intention to purchase a resale HDB?

Will you be keen to meet up and discuss to explore other options as well?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
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