Asked by Anonymous
Do i need to pay for upgrading levy when i sell my flat. My flat went thru a MUP once.
(Upgrading Levy
This is different from Upgrading Programme Costs. If you live in an HDB unit that was upgraded, you would have to pay an Upgrading Levy upon selling that flat. Basically, the Upgrading Programme Costs is to pay for the upgrading work itself, and the Upgrading Levy is a kind of “fee” to pay when you sell an HDB flat that has been upgraded.
This levy will be either 10% of the selling price of the flat, or 10% of 90% of the market value of the flat, whichever is higher.)
(Upgrading Levy
This is different from Upgrading Programme Costs. If you live in an HDB unit that was upgraded, you would have to pay an Upgrading Levy upon selling that flat. Basically, the Upgrading Programme Costs is to pay for the upgrading work itself, and the Upgrading Levy is a kind of “fee” to pay when you sell an HDB flat that has been upgraded.
This levy will be either 10% of the selling price of the flat, or 10% of 90% of the market value of the flat, whichever is higher.)
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