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Hi,

Resale levy only applies if you are buying a 2nd subsidized flat (examples new BTO, new EC, resale flat with grant etc). Hence, no resale levy applicable if you are buying resale market without subsidy/grant on open market. It doesn't matter which hdb flat type you buy. Since you have taken first timer grant and parents grant before, there are no other grants available. (You may still be eligible for Proximity Housing Grant, but please confirm with hdb)

There are no other penalties involved. Other costs include conveyancing costs and marketing costs and agent service fees. Happy to meet up to share more on a detailed financial breakdown and the best approach.

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 
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Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Good evening,

Resale levy will be applicable only if you decide to apply for BTO or new EC other than that, you wont have to refund whatever grants you have taken.

Do take note that if your existing loan is taken from HDB and your next loan is from HDB, you will have to use 50% of the sales proceeds and wipe off all your CPF OA funds to reduce the mortgage then it might defeat your purpose of using lesser CPF OA funds.

Moreover, doubt you are able to take proximity housing grant because you mentioned you had taken once before but it will be best you check with hdb is it the same as they term it differently.

By the way, have you fulfill your MOP yet?

Perhaps you can share more with me so I will be in a better position to advise you further. Cheers!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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Dear Sir/Mdm,

For your case, there will not be a resale levy as you are purchasing a flat on the resale market. However, you may want to examine the situation and determine whether the parallel move makes financial sense.

This is because there will be transaction costs such as legal fees, stamp duty and agent commission etc during the sale and purchase process. I would recommend that you do some financial planning before proceeding with the move.

Please feel free to contact me so that I can understand your situation better and provide you with further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

Peter & Wendy (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Interesting move in terms of your objective to reduce the CPF monies utilised. I am assuming you have already worked out on your finances to derive this decision, but have you also explored other options with financial planning involved?

There is no levy applicable in your scenario described. We are running a new program called BREW (Building Real Estate Wealth), where we look into the finances of our clients with assistance of bankers and explore all different options available for our clients such that our clients can benefit from this information to make the most informed and applicable decision for the benefits of themselves and leave a good legacy for the future generations, where it is a well known fact of a rising price trend in real estate over the years and for the years to come.

It is important to plan carefully and with proper knowledge and support from our partners, this can be done with relative ease and no obligations.

Get in touch with me in private for further discussion if you wish to look into this aspect as we are not alerted to any responses here.

I look forward to hear from you soon!

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Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
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Hi,

There is no resale levy if you purchase another resale HDB flat. You will only pay the levy if you go for a "second subsidized housing", like a new BTO or EC.

If you're looking to restructure your property portfolio, I suggest we meet up for an in-depth discussion, to explore the various options available to you in the current market.

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