By MoneyBees
The resale levy to buy a second subsidised flat: fixed by your first flat type from S$15,000 to S$55,000, the pre-2006 percentage, ex-EC owners and payment from sale proceeds.
A charge you pay when you buy a second subsidised flat from HDB after owning one before. It reduces the subsidy on the second flat so subsidies are shared more fairly between first-timers and second-timers.
If you sold your first subsidised flat on or after 3 Mar 2006, it is a fixed amount: S$15,000 for a 2-room, S$30,000 for a 3-room, S$40,000 for a 4-room, S$45,000 for a 5-room or 3Gen, S$50,000 for an Executive flat and S$55,000 for an EC, with singles paying half.
Yes. An EC bought from the developer counts as subsidised housing, so ex-EC owners pay S$55,000 as a family or S$27,500 as a single to buy a subsidised HDB flat.
As a percentage of the higher of the resale price or 90% of the market value: 15% for a 2-room (10% if your next flat is larger), 20% for a 3-room, 22.5% for a 4-room and 25% for a 5-room or Executive flat, with family minimums of S$15,000 to S$50,000 and half the rate for singles.
With cash or your first flat's sale proceeds, never with a housing loan. If you sell the first flat after collecting the keys to the second, HDB deducts it from the net proceeds. If you sold before, you pay it in cash at key collection.
No, not for a resale flat bought without a grant, or for private property. The levy applies only when you buy a second subsidised flat from HDB.
Only if you used a CPF housing grant. A resale flat bought without a grant does not count, so selling it does not lead to a levy later.
No. Subsidy recovery is a share of the price you return to HDB when you sell a Plus or Prime flat. The resale levy is separate and is charged when you buy your next subsidised flat.
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