AskGuru Q&A Community

Hi,

You only need to pay a levy if you take up a 2nd subsidy for the flat purchase. The 4rm with grant is considered a subsidy, and 2rm BTO is also considered subsidized housing. Hence if you downgrade to 3rm resale, theres no levy involved.

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

Hi Mr Gillian Lim,

HDB resale levy ruling change time to time.

The current policy will mean you will need to pay a levy if you apply a 2 room BTO in the future. No resale levy will occur if you purchase a 3 room resale unit in future.

But this is a good time to get a 4 room resale HDB with grant as the government has just increase the amount for all Singaporean.

I think it will be good for us to have a meet up session so that we can discuss properly how you can purchase a 4 room resale flat and ease up your concern for future old age situation.

Do feel free to drop me a text at 96921366  for discussion and arrange for meet up. Thks.

Yours sincerely
Isabella Teo
Marketing Director from ERA
MBA (Master), Hon in Elec Engineering, RES Cert

email: isabellateo.property@gmail.com
wechat: Isabellateo
mobile: +65 96921366  Read More

Dear Gillian,

But on the current regulation, if you take the grant now, you will need to pay resale levy only if you buy a BTO flat in future. If you do not take any grant now, you do not have to pay any resale levy and yet still entitled to the grant.

Of course all these will be subjected to prevailing eligibility condition such as income ceiling etc.

Hope that I have answered your questions.

Feel free to contact me if you need any assistance.

Thanks and Regards
Johnny Goh
R018297H
Associate Group Director
OrangeTee.com Pte Ltd
Mobile: 90906267 
Email: johnny.goh@orangetee.com Read More