Resale Levy – HDB resale flat for rent
HDB resale flat for rent – Every Singaporecitizen household is entitled to a maximum of two housing subsidies. However, to reduce the subsidy on the 2nd subsidised flat, HDB introduced Resale Levy so as to maintain a fair allocation of public housing subsidy between first-timers and second-timers.
If a person has bought a HDB flat direct from HDB once before or bought a resale flat with CPF Housing Grant, the person will be treated as a second-timer when buying another flat direct from HDB. Resale Levy is required when a buyer, who has sold a subsidised flat before, is buying another subsidised flat from HDB.
When is resale levy payable?
- A second-timer buying direct from HDB
- An ex-EC owner buying direct from HDB
When is resale levy not payable?
- When a first-timer is buying direct from HDB
- When a buyer is buying from the open market
- When a second-timer or an ex-EC owner is buying new EC/DBSS
- When parent and child have bought direct from HDB before, child is still treated as first-timer
With effect from 3rd March 2006, the Resale Levy is set at a fixed amount between $15,000 and $55,000, based on the flat type of the first subsidized flat. With the fixed amount, it will give greater certainty to existing flat owners who are deciding whether or not to buy a second subsidized flat from HDB.
Please click here to search for HDB resale flat for rent.
