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My wife and I bought a 5 room flat directly from HDB in 1997. sold it in 2002 for a resale Mansionette and has been staying here since. Will there be a levy imposed on us if we buy another unit directly from HDB? what can we buy without incurring a levy? Thanks
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3 Answers

YT Tan (陈永达)
Replied
Hi Mr Lim,

Have you take up CPF housing grant when you bought your resale flat in 2002?

If yes, you wont be eligible for a BTO.

Why?

One can only enjoy subsidised flats twice.

If you didn't enjoy CPF housing grant when you purchased your resale flat, you will need to be subject to 25% (based on resale price or 90% of market valuation, whichever is higher)

Without incurring resale levy, you might want to purchase an EC or private property.

Hope it helps!

Cheers..

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
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Mike Lim
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Evening Mr. Lim,

Since your subsidized unit have being sold in 1997, you will be liable liable for 25% levy payable, based on the selling price of your 5 room flat. If you are keen to get another HDB unit without incurring levy, I'm afraid you only option is EC.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Koh Zhen Hon
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
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Shalom

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