AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Dear Guru

I have a question, i sold my bto 3rm flat last year which was owned by my ex spouse n myself. Now that i am married, my husband is first timer. I understand that if i buy another bto I got to pay resale levy of 15k. Do i need to pay half of my profit which is called resizing if i apply Bto again?

Thank you
0 •
525 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Ling CK
Replied
Hi,

(1) Your situation will still considered as 1st timer since your husband is 1st timer, this is refer to the chance of getting new flat.

(2) Yes, you have to pay half of the resale levy for the last subsidized flat owned when buying another subsidized flat, such as BTO/SBF/RBF.

(3) Right sizing policy kicks in when you apply for 2nd HDB loan. Note that this right sizing policy requires you to pay in cash.
Profit > $50k, 50% goes to 2nd HDB.
Profit < $50k, $25k goes to 2nd HDB.
This has nothing to do with type of HDB apply or buy.

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

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
0
Upvote Upvoted
  • SV
    Replied
    Hi

    Thank you for your reply.. Which means if i were to apply for BTO, i will to pay resizing and resale levy? Both of it?

    Thank you

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions