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Resale Levy
A resale levy has to be paid when a second-timer buys or takes over the ownership of another subsidised flat.
A second-timer household refers to a Singapore citizen household that has previously taken a housing subsidy when they bought a:
flat from the HDB, or
resale flat with the CPF housing grant; or
Design, Build and Sell Scheme (DBSS) flat with the CPF Housing Grant; or
Executive Condominium (EC) with the CPF Housing Grant.
This means that if you are selling or have sold a subsidised flat and are intending to or have booked a new flat, you will have to pay the Resale Levy.
Amount Payable under the Revised Resale Levy Policy
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.
First Subsidised Flat Type Amount of Resale Levy Payable under the Revised Policy (From 3 Mar 2006*)
2-room $15,000
3-room $30,000
4-room $40,000
5-room $45,000
Executive Flat $50,000
* only applicable for those who submit their resale application and book a 2nd subsidised flat on/after 3 March 2006.