Resale Levy

Those who have previously bought a flat from the HDB (BTO) or Resale HDB with Grant have to pay a resale levy when they next buy a flat from the HDB. The resale levy is meant to reduce the subsidy on the second subsidised flat so as to maintain a fair allocation of public housing subsidies between first- and second-timer citizen families.

Resale levy is payable if you purchase Executive Condominium.

There are two types of Resale Levy:

1. Revised Resale Levy Policy - Sold the First subsidised flat on or after 3 March 2006

2. Previous Resale Levy Policy - Sold the First subsidised flat before 3 March 2006

1. Resvised Resale Levy Policy - Sold the First subsidised flat on or after 3 March 2006

* Only applicable for those who submit their resale application and book a 2nd subisised on/after 3 March 2006.

Which Resale Levy Policy applies to you.

The revised resale levy has been implemented from 03 March 2006. The resvised levy will apply to 2nd-timer applicants who book their 2nd subsidised flat from HDB and submit their resale application to sell subsidised flat, both of which must on or after 3 March 2006.

The amount of resale levy is graded according to the flat type of the flat owners' first subsidised flat. Under the revised policy, flat owners whose first subsidised flat is a 2-room flat will pay a resale levy of $15,000. Those whose first subsidised flat is a 3-room, 4-room, 5-room and Executive flat will pay a resale levy of $30,000, $40,000, $45,000 and $50,000 respectively when they purchase a second subsidised flat.

2. Previous Resale Levy Policy - Sold the First subsidised flat before 3 March 2006

The following flat owners will come under the Previous Resale Levy Policy:
Booked a second sunsidised falt or an Executive Condominium unit from the developer before 3 March 2006. This is regardless of whether they have sold or submitted a resale application to sell the first subsided flat.

Below are the charges under the Previous Resale Levy Policy, i.e. based on resale price or 90% of market valuation, whichever is higher:

+ These Resale levy rates apply only to sellers of flats previously bought with singles grant and who submit their resale application on or after 15 Sep 2004.

Making Payment for the Resale Levy

The resale levy payable is determined at the point of booking of the Executive Condominium.

The payment of resale levy is regardless of the type of ownership (i.e. joint-tenancy or tenancy-in-common) and the share of interest in the flat.

If you are buying your second subsidised flat (Example: Executive Condominium),

Pay the resale levy immediately at the point of resale, i.e. when selling your subsidised or
Defer the payment until you get possession of the Executive Condominium and opt for this, an interest at the prevailling rate of approx 3% per annum will be charged.

You can pay the Resale Levy with either/combination of the following:

with your sale proceeds or
Cash

HDB's Mortgage Financing is not extended for the payment of the resale levy

Situation(s) :

If you book a second subsidised flat (Executive Condominium),

Please click on the following:

and sell your first subsidised flat (BTO/ Resale HDB with grant), After taking possession of the Executive Condo
and sell your first subsidised flat (BTO/ Resale HDB with grant), Before taking possession of the Executive Condo
previously you had bought & sold the first subsidised flat (BTO/ Resale HDB with grant), currently you are holding a resale HDB flat without any grant

If you pay the resale levy at that point of resale transaction, Example: when selling your subsidised flat

The resale levy will be deducted from the sale proceeds
Any shortfall will have to be topped-up in cash
Otherwise, the resale levy must be paid in cash before you can take possession of your second subsidised flat.

If you submit an application to sell your first subsidised flat and subsequently book a second subsidised flat (Executive Condo)

The resale levy has to be paid in cash before you can take possession of your second subsidised flat.

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