Hi,
1) The HDB has published the resale levy for different flat types buying at different periods:
https://www.hdb.gov.sg/residential/buying-a-flat/conditions-after-buying
2) It is considered you have received subsidies from the government when you bought a BTO/SBF.
3) Thus when you are buying a 2nd BTO/SBF, you are to pay a resale levy accordingly.
4) If you sold your flat on or after 3 March 2006, the resale levy is a flat rate.
5) You are to pay this resale levy in cash at the point of key collection for your 2nd BTO.
6) Do note that a right-size policy is applicable for the 2nd HDB loan, meaning 50% of the cash proceeds will be used to pay for the 2nd BTO.
7) So, make sure you don't overspend your cash from the sale if there is a gap between buying and selling.
8) The interest is applicable only if you had sold your flat a few years before buying the BTO.
Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!
Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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