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Good afternoon,

I believe you are referring to the resale levy. If you are buying resale HDB for the next property, there is no need to pay resale levy as resale HDB is not a subsidized flat. The resale levy applies only when you purchase another new BTO or new EC.

If you take bank loan for the next property, do note there will be a minimum 5% cash down payment required. I have assisted several clients to smoothly transit from their BTO to their next resale HDB and secured good price outcomes. Look forward to work together.

May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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-- HDB Toa Payoh 5-RM Sellers of Million-Dollar HDB, Mr. & Mrs Leong

We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood. This was definitely supported by the fact that Ivan’s listing of our unit was detailed and stood out from other listings. With Ivan’s cheery and positive demeanour, selling our unit to procuring a new one, was a smooth journey for us. It was a pleasure to have worked with him.

-- HDB Executive Maisonette Sellers, Mr & Mrs Yeo --

Before contacting Ivan Ng, our Property Realtor, we were quite apprehensive about our Contra-deal ( concurrent resale & purchase of HDB flats) as at that time the outlook of the resale property market was quite sluggish & pessimistic. But surprisingly our property realtor, Ivan , was able to put us at ease with his professional competence, astute work experience & friendly nature . He was able to consummate our contra-deal within one month of our HDB application. More importantly Ivan has also managed to clinch a good deal for our contra-deal. We'll certainly recommend him to our kins & friends. Thank you very much, Ivan. We are definitely your satisfied customers!

-- HDB Choa Chu Kang BTO 4-RM Sellers, 5-RM Purchasers, Zima & Faizal --

Ivan was prompt in replying to my endless queries & concerns. He was very attentive to details and he knows my exact 'taste' during the process of house hunting. It impressed me that he could read my mind well which makes the whole transaction alot easier. I also love the fact that he is calm, not pushy & always ensuring me that there are still sufficient time to look out for other available houses. We are so thankful beyond words for his understanding and patience thoroughout the whole process. We managed to sell our BTO with extension & secure a 5 room flat without COV. Thank you! Read More

Hi

You may want to text 9620 0827  for a casual chat.

It would be good to be represented unless you are familiar with the whole process of selling.

Regards

Gavin Read More

Hi,

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, as long as your next housing is a resale flat, then you don’t need to pay any resale levy. Pls also let me know if you wish to find out what will be the estimated valuation of your flat alright?

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

Hi Sir/Mdm,

I think you are referring to the 40k resale levy. The resale levy is only applicable if you purchase another BTO or brand new EC. If you were to purchase a resale flat, the resale levy is not applicable.

I will be happy to give you an overview of the sale and purchase process and assist you to plan the transition so that you can minimise your cash outlay and transit smoothly from your current place to another without the need for an interim housing solution.

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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Peter & Wendy (Property Seller)

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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Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer) Read More

Good morning Sir/ Mdm,

Good news! You dont need to pay resale levy of $40k if you intend to proceed with your plans.

Resale levy is payable if you intend to buy another BTO or new EC.

What are your intention to sell a 4rm and buy another 4rm? Change of location? Move closer to parents?

I might understand your intention to take bank loan for your next house instead of HDB loan. Probably due to up to 50% of sales proceeds and all CPF OA funds (able to set aside $20k each person) to reduce loan.

But do take note there will be a higher percentage of downpayment (25%) compared to HDB's 15%.

How can we proceed ahead with your plans? Shall we have a meet up to discuss further soon?

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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There is no resale levy applicable in such case since you will be purchasing a resale flat instead of applying for another BTO or EC. Hope the above is helpful. Do take note that interest rates for bank loan is peaking therefore do work out your finances before embarking no this process. You may opt for HDB loan if you have only taken 1 HDB loan so far, however, 50% of your cash proceeds will be reserved to be used for the purchase (subject to conditions).

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Hi,
I would be glad to assist you.
You will need to pay the HDB Resale Levy if you are a second-time buyer of subsidised public housing.
Feel free to contact me @ 97100155  or https://linktr.ee/peiproperty.
Hope to hear from you soon.
Pei @ERA Read More

Hi,

I'm pleased to inform you that there's no tax involved for your case.

As you're doing both selling and buying, you may wish to pay more attention to the Timeline of your sale and purchase, especially if you need the sale proceeds for your next flat. Also, I am sure you would want to avoid the hassle of having to shift house more than once during this transition, right?

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

Hi,

1) You will only be subject to the resale levy ($40k for a 4-rm BTO) when you are buying a BTO.
2) You may still apply for the HDB loan in your next purchase since every citizen has 2 chances of applying for it.
3) But the 2nd HDB loan has a right-sizing policy, meaning that 50% of your cash proceed must be used to pay for your next purchase to reduce the loan.
4) If you wish to use a bank loan for your next purchase, you will have to prepare a 5% cash as the down payment.
5) The maximum loan you could get from the bank is 75% LTV, down payment would consist of 5% cash and 20% in cash and/or CPF.
6) So it is important you do your calculation to understand which option is best for your case.

Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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