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Hi i bought my BTO 3 room flat...got grant 40k.now want to upgrade to 4 room flat.if i want BTO must i pay back the grant...or better to buy resale. I want to buy near my mom flat at Towner. Will i get any grants? Pls advise
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3 Answers

Morning,

Getting subsidized unit is similar to getting resale unit with housing grant. If you are looking at getting another BTO unit, you will have to pay the resale levy in cash. If you are getting resale HDB unit, you will not be required to pay for the levy.

Do feel free to contact me for further discussion.

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

If you buy BTO again, you will be subjected to 30k resale levy. If you buy resale, there is no need to pay this levy. There is no need to "return" the grants, it will go back to your CPF OA account when you sell.

You might qualify for proximity housing grant or additional housing grant if you are eligible. Whether you get any grant depends on your income profile as well.

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
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