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Good morning Mr Ho,

do let me explain on this.

BTO means bought directly from HDB while resale flat means bought from resale market.

BTO, resale flat bought with CPF housing grants and new EC are considered subsidised flats.

If you had bought either and wish to buy a BTO or new EC, resale levy will be payable based on your current unit type. Eg. 4RM - $40k while 5Rm is $45k etc.

If you are getting a resale flat or condo, resale levy will not be payable.

3 to 4% Buyer's stamp duty will be applicable for all residential property purchase.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi Mr Ho,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, there will be no resale levy as well as ABSD in your case.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Mr Ho,

Resale levy IS NOT APPLICABLE if you had taken a CPF housing grant for your current flat before AND the next house that you are buying is a BTO flat or brand new EC. If you were to purchase another resale flat, there is NO resale levy or Additional Buyer Stamp Duty.

Please feel free to contact me if you need any further clarifications.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

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I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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Susana (Buyer) Read More

Hi Mr Ho,

If your current flat is a resale flat bought without CPF Housing Grant, it is not considered as a subsidised flat. And you will not be liable for any resale levy once you sell the flat.

If your resale flat is with CPF Housing Grant, as long as you do not purchase a second "subsidised flat", i.e BTO or EC, you are also not liable to pay a resale levy upon the sale of the flat.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More