Hi Neo,
Quoted from HDB website:
Resale levy is payable when a second-timer buys or takes over the ownership of another subsidised flat.
A second-timer purchaser refers to a Singapore citizen household that has previously enjoyed the first housing subsidy when they bought a:
New flat from HDB, or
Resale flat with housing grant
A flat is considered a subsidised flat if you have bought it:
Directly from HDB, or
From the open market with a CPF Housing Grant
This means that if you are selling/have sold a subsidised flat and are intending on or have booked a new flat, you will have to pay the Resale Levy.
For more information of resale levy, you can go to the following link:
http://www.hdb.gov.sg/fi10/fi10322p.nsf/w/SellFlatResaleLevy?OpenDocument
Hope this helps.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile:
+65-81577565
Email: lim.geryl@yahoo.com.sg
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