Amount Payable under the Revised Resale Levy Policy
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.
Amount Payable under the Previous Resale Levy Policy
Below are the charges under the Previous Resale Levy Policy, i.e. based on resale price or 90% of market valuation, whichever is higher:
Flat Type | Resale Levy payable by family grant recipient | +Resale Levy payable by singles/half grant recipient |
2-room | *10% / 15% | *5% / 7.5% |
3-room | 20% | 10% |
4-room | 22.5% | 11.25% |
5-room & Executive | 25% | 12.5% |
*2-room flat sellers pay a lower rate, i.e. 10% or 5%, only if they buy a bigger flat direct from HDB. | ||
+These resale levy rates apply only to sellers of flats previously bought with singles grant and who submit their resale applications on or after 15 Sep 2004 |