2 Answers

Hansen Sy
Hi Azlan,

If I understand you correctly, you bought a resale flat and want to sell it to downgrade to a 4-room.
Will you need to pay a levy? You don't need to pay if you did not buy this with CPF housing grant from the resale market. But if you did, then you will need to pay the levy.

You can pay the Resale Levy with either/combination of the following:
* with your sale proceeds or
* cash
Would you require refinance? Definitely, as you would be taking a new loan.
I can help you with the financial calculation and be able to tell you how much your unit could fetch in the open market. I just need to know more details like location and size of your flat.
Pls give me a call at 9203-5754 or email me at hansen@homeswithhansen.com for further discussion.

By the way, I'm from HSR property group and one of the greater advantage is that you stand a chance to win a Mercedes Benz if you Sell/Buy/Rent through us. HSR is 'the largest and best real estate agency' (Singapore Property News). We have arguably the biggest network of qualified buyers who will offer you top dollars in the fastest possible time.

Plus you will enjoy other benefits like Guaranteed Home Protection Plan where buyers will have more reasons to buy your HDB flat because it will remove worries about repair and replacement cost. Within a reasonable period of time, HSR will send its contractor to repair the defect in your home. If it cannot be done, we will replace the defective component.

So, give me a call or sms me at 9230-5754.
Have a great day!

Warmest Regards,

Mr. Hansen Sy
HP: 9230-5754
http://www.homeswithhansen.com Read More


Tricia Tan 陈丽子
Hi Azian,
You do not need to pay levy. Your 2nd house should entite you a grant since it is directly from HDB.
If you need more assistance. You may contact me.
Best Regards,
Tricia Tan +65 92700867
The Power of Closing- Pn Realty Pte Ltd Read More