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Hi,

For EC, you can only purchase after HDB MOP of 5 years is met, hence there will be no seller stamp duty. If what you meant was Additional Buyer Stamp Duty, don't worry you will not be affected as it is understood for new EC purchase, you have to sell away HDB after EC top, hence no ABSD is required.

For resale levy, it depends on the EC project you take up. Some EC projects have NO resale levy payable, hence its better for HDB upgraders. Resale levy can only be paid in cash, and for 4-rm upgraders its 40k, hence it may be a bit taxing.

Thanks and may I understand your requirements further so as to value-add to your EC plans? I will be glad to share more on how best to upgrade to EC while illustrating the financial planning required. Hope to have the opportunity to work with you.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
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Hi,

Re: One Stop Services for SG properties

We can assist you based upon your stated contents and walk you through the entire process.

Tell us more about your requirements and locations, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
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Hi,
Below is my input for your questions.
1. No ABSD to purchase an EC because buyer is required to sell off the HDB flat within 6 month from TOP of the EC.

2. Resale levy depend on you current hdb flat.
3 Bedroom 30k, 4 Bedroom 40k and 5 Bedroom 45k.

3. Resale levy will be settle together in the process of your sale of hdb.

Fyi, in the market there are some EC no resale levy.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi,

Thanks for your query!
No ABSD will be liable and resale levy is only applicable to a few projects. I am currently assisting my client with his sales of his EA to fund his brand new EC purchase and am fully equipt with the purchase timeline and knowledge to assist similarly.

Perhaps we could schedule a non obligatory meet up so that I can understand your requirements and work out your finances of EC progressive payments for the intended purchase. I will also take this opportunity to chart the financial cash computations (amalgamation of sales funds, CPF returns and likely purchase price).

A discussion would also allow me to furnish you with recent transaction caveats , market insights and run you through the EC purchase timeline via the upgrade process as it's tricky and require much succinct planning in the procedural framework. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
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Good afternoon EC buyer,

It's great hearing from you!

By the way, you are referring to new or resale EC?

If new EC, no as you will have to sell off your HDB within 6 months from key collection/ TOP date.

As for resale levy, it will depends on which type of HDB you are owning now. If you want to avoid paying resale levy, you can purchase those balance/ bounced units from those projects that are not subject to resale levy.

If you need to pay resale levy, you can do so from your sales proceeds or cash.

Hope my explanation helps!

If you need any assistance or advice in your property needs, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

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