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Afternoon Weikang,

If you are moving into resale HDB unit, you are not liable for levy. However, you will need to fulfill the MOP of your Yishun unit, understanding your financial standing (if you intend to get any mortgage loan) and establish the idea of where you intend to move to.

Do feel free to contact me for further discussion.

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

Hi Weikang,

As what my fellow professionals have pointed out, downgrading into a resale unit will not require you to pay any additional levy, but your MOP will be reset for the new purchase. Under the current lending regulations, it is important to also assess your financial options for the purchase to ensure that you have got all things in control financially for the downgrade.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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