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EC without resale levy

  • Street: Singapore
  • Country: Singapore
  • Listed: February 15, 2016 3:15 pm
  • Expires: This ad has expired

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For details please contact - shawnabc77

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EC without resale levy

What Is Resale Levy?

Resale levy sustains balance of subsidies for those who are first time buyers of HBD public housing properties as contrary to those second time buyers through lowered tender of the subsidy. You need to pay up the Resale Levy on your of your consequent home when you have already bought a new Executive Condominium (EC), accepted a CPF Housing subsidy for resale flat or when you have acquired brand-new HBD Flat primary through HBD (DBSS, BTO etc.).

What is the Resale Levy amount?

The Resale Levy will be adjusted in accordance to the 90% of the market rating or resale price, whichever is higher.

First Subsidised Flat Resale Household Single Grant Recipients
2 rooms 10 or 15% 5 or 7.5%
3 rooms 20% 10%
4 rooms 22.5% 11.25%
5 rooms 25% 12.50%
Executive 25% 12.50%

* For 2 bedrooms flat owners who upgrades to a bigger unit.

When to start paying for Resale Levy?

The Resale Levy is payable as shortly as the first subsidised flat is sold or right after purchasing the second subsidised flat. The resale levy amount is then reduced from the sale of the first subsidised flat and any inadequate total will be made payable by cash.

Still, for those who already have their first subsidised flat before they take of the second subsidised flat will have a resale levy that is collectable in cash, but only when they take possession of the second subsidized flat.

FOr details, see https://www.propertyreview.sg/executive-condominium-ec-without-resale-levy/

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Ad Reference ID: 78656c17aaa2b3e7

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