Resale Levy & Premium
How do I know that I need to pay resale levy/premium?
As long you have bought or sold a subsidised housing unit then you will need to pay a resale levy/premium when you buy your next subsidised flat.
A subsidised housing is:
When to pay resale levy/premium?
Generally, there could only be two scenarios.
How much to pay resale levy/premium?
Well. it really depends on when you sold your first subsidised flat.
This is based on what I remember.
Those EC projects that is Westwood Residence onwards or land sales which are launched on or after 09 Dec 2013:
2nd timer who is buying an EC directly from developer needs to pay a resale levy or premium.
There is only one tier of premium for the purchase of an EC which is 20%.
Can resale levy be waived or avoid resale levy?
HDB has waived the accrued interest on the resale levy payable by elderly second-timers who wish to right-size to a 3 room or smaller flat type from HDB. This only applicable if the elderly have sold their first subsidised flat before 03 March 2006 where they will pay only the percentage graded resale levy, with the interest waived.
The only way to avoid resale levy/premium is to buy a resale flat in open market.
If you are 2nd timer and buying your next subsidised flat from HDB, confirm plus chop you need to pay levy. There is no way to avoid paying resale levy/premium.
Can I appeal HDB resale levy?
Yes, definitely you can appeal in by writing in.
It is just whether your appeal is approve or reject.
To go about on your appeal or request for resale levy incorporation.
You will need to go to HDB Feedback Form.
Select Subject "New Flat" > Category "Resale Levy" > Click Next.
Fill up all the relevant fields, explain why you want to appeal on your resale levy and attach all the supporting documents/pictures to substantiate your appeals.
Example of documents/pictures:
Your comment will be posted after it is approved.
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