9 Answers

Ivan Ng

Resale levy is only payable if you are getting a 2nd subsidized flat (for eg. BTO or resale flat bought with grant). Its unlikely you will need to pay any resale levy. There's no salary cap when you purchase a resale hdb but do note that household income cannot exceed 12k/mth if you are applying HDB loan.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
(ASk Anything Property)
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--- HDB Flat Sellers Uncle "Seng" and Mdm. Png ---

Translation from Mandarin:

We are from the Pioneer Generation, already in our 70s, and have no experience selling HDB flat. As our new BTO is arriving, we considered selling our flat earlier.

We felt he was a patient agent who is willing to hear out our plans and concerns, and explain new HDB selling procedures clearly to us. He is also a hardworking agent who did Roadshows for weeks to create awareness for our unit, and we quickly found a buyer through this avenue.

We also appreciate that he made the extra effort to accompany us down to the Banks and Town Council to help us with the outstanding paperwork procedures, and ensure the sale go through smoothly. Throughout the process, we always felt assured and happy, as Ivan was always professional, accessible and saw things through till conclusion. Ivan will remain as a family friend and we will be glad to invite him over for coffee when our BTO is ready.
Geryl Lim
Dear sir/madam,

I would highly advise you to do a financial calculation to see how much cash proceeds will you be able to achieve from the sale of the existing unit since you have purchased only about 5 years back. Based on the amount you can estimate to achieve in sales proceeds, is it worthwhile to make the move in the event that you are unable to achieve significant cash proceeds?

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Gavin Ng

If you are buying a resale flat, there is no resale levy under the current housing policies.

No income cap for paying cash.

You may want to email gavin.ng@orangetee.com.

Joanne Chia 谢诗琳
good day sir / madam

No resale levy if your next hdb is a resale hdb .

If you qualify and buy a new hdb , yes resale levy is payable .

No salary cap if buying a resale hdb .

Salary cap at 12k per family if qualify to buy a new hdb .

Kindly contact me or a no-obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights to your hdb ( sole agent ) , or 2% for open listing ( many agents ) .

Thank you .

Joanne chia
Hp 8333 3327
Nick Tan
Dear Sir/Mdm,

There is no resale levy that is payable unless you are buying a BTO flat. There is also no salary cap when you purchase a resale flat or DBSS flat. The salary cap is only applicable if you are applying for a HDB loan.

In my opinion, it will make better financial sense if you degrade to a 3rm or 4rm flat and not a DBSS flat as DBSS flat are usually priced much higher as compared to normal flat within the same location.

Please feel free to contact me so that I can understand your needs and situation before I can assist you further!

Nick Tan
(M) +65 9644 4854
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick)
CK Ang
No resale levy if you are not purchasing a BTO or direct from HDB again. It will also depends whether have you taken the grants. Please drop me an email for me to share more with you.

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
Robbie Chen Chee Howe

You will not be liable for resale levy if you buy another resale flat from the open market. You will only be subjected to resale levy if you buy a subsidized flat (BTO/EC).

There is also no salary cap for resale units, unless you're taking loan from HDB.

I suggest you speak to one of us, to work out your finances and seek out the best possible option for you.

Please contact me at my mobile 9748 6305. I am looking forward to provide you with my best possible advice that suits your needs.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty
YT Tan (陈永达)
Good morning Sir/ Mdm,

Let me help you with this.

Do take note that resale levy is only applicable if you had taken a housing grant for your existing HDB and you are keen to apply a BTO or EC. Income ceiling of $12k and $14k is applicable for BTO and EC respectively.

If you are purchasing a resale, you dont have to worry for either one unless you will like to apply for HDB loan ($12k).

Hope my explanation helps!

Perhaps you can share more with me so I will be in a better position to value add further. We might be able to derive more options from our discussion.

Hear from you soon!

I dont just buy, sell or rent. I care for my clients as though they are my family. =)

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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

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D. Kumar

Thanks for your query! What's most essential in the upgrade/downgrade process is the - financial cash computation and calculations. In these cases, it's always best to have a professional work out your financial cash projection, generation of sales proceeds and factor in the likely purchase price so that the process is smoothly facilitated and ensure you a tidy profit. Sometimes, being rookies and unfamiliar with the overwhelming process, a slight wrong decision can lead to paper loss and even actual loss!

What's also to note- in this weak market where resale units pricing are falling and are left on the shelves for months. Do you have the right medium to expose your property to throngs of prospects? Do you understand the own value of your house? Do you understand the valuation and exact transaction/sales in your block and surrounding vicinities?

All these play a part in ensuring you reap your profit and at the same time, enjoy the best of both world's. As agents, we have all the tools, skills and marketing strategies to help bring light to your plans. Sure there is a small fractional cost involved, but think about the thousands of dollar you can make on your sales and another thousands of dollars you can save on your purchase with the due diligence and negotiation skills of your agent. We represent your needs and fight for YOUR price! I always advise my clients to have a preliminary discussion to derive more information and requirements as well as share more on the market insights/ comprehensive marketing strategy of unit as well as take this as an opportunity to understand my working style.

You can always asses my proven track record and recent coveted awards & testimonial on my website to ascertain the commitment, dedication and integrity I uphold in representing my client's welfare and interest to get them the best possible deal.

D Kumar
+65 96659926
ERA Associate Division Director

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