Asked by Anonymous
We are 2nd timers, do we need to pay resale levy for ECs?
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2 Answers
Hi! Yes there will be resale levy payable if you have previously bought a flat from the HDB or taken a CPF Housing Grant when you next buy a upcoming EC from the HDB. http://www.hdb.gov.sg/fi10/fi10322p.nsf/w/SellFlatResalelevy?OpenDocument But if you purchase balance EC from past launches, there won't be resale levy. Hope it helps! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com
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Hi, you will only need to pay resale levy fo ECs whose land was sold from Dec 2014 onwards. Thus, all past EC launches and upcoming launches in 2014 are not affected. You should not need to pay resale levy should you purchase an EC in 2014. You check out www.roostingplace.com for more info or reach me at 9168-2548
/ tan.williamwl@yahoo.com.
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