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From BTO flat to resale flat. Do i need to pay resale levy? Currently staying in Sengkang about 2.5 years, new BTO 4 room flat. What happen after 5 years MOP?

1)Flat costs $307K
2)Current outstanding hdb loan around $160K
3)Monthly payment $680(by cpf only)
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4 Answers

Robbie Chen Chee Howe
Hi,

You will only need to pay a resale levy if you apply for a second BTO/SOBF. If you're looking to buy a resale flat after you served your MOP, there is no resale levy involved.

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
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Good morning,

Firstly, you would be required to fulfill your MOP before you are eligible to purchase resale flat. Resale levy will not be payable. If you are looking at HDB loan for the purchase, you will need to contribute 50% of the proceed into the unit before you are eligible to obtain the balance as mortgage, aside from your CPF fund.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi,

You need to pay resale levy if you go for a 2nd subsidized property (ie. BTO or resale flat with grant or new EC). Though you need to fulfill 5 years MOP before you can purchase or apply 2nd residential property. Thanks and look forward to work with you in the future.

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

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials) Read More
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Dear Sir,

You would not need to pay any resale levy when you purchase a resale flat in the open market. But first and foremost you will need to fulfill the minimum 5 years MOP.

Do not hesitate to contact me if you have any other queries or need any assistance pertaining to your property matters.

Thank you.

Arthur Loo
ERA Realty Network
Mobile : 98718363 
Email : arthur_loo@hotmail.com
Website : www.arthur-loo.com Read More
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