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I bought a resale flat for 300k and if i sold away my resale flat for 500k and purchase another resale flat for 500k do i need to pay a resale levy ? what are the calculations as I need not loan much from HDB or bank ?
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1 Answer

Mike Lim
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Morning, Since you are looking at purchase of resale HDB unit, you are not liable for resale levy. But if your current unit have being on HDB loan and you intend to utilize another HDB loan for the upcoming purchase, you will be required to utilize 50% of your current cash profit, before HDB will loan you the possible balance. Do feel free to contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
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