Previous Resale Levy – HDB for rent in Singapore

Previous Resale Levy – HDB for rent in Singapore

HDB for rent in Singapore – Those sellers, who have submitted their resale applications (that were received by HDB before 3rd March 2006) for sale of their first subsidised flats, would have to pay resale levy based on the previous resale levy policy based on the following percentage of the resale price or 90% of market valuation, whichever is higher, of their first subsidised flats.

First Subsidised Flat Type Resale Levy
2-room 10%/15%*
3-room 20%
4-room 22.5%
5-room &   Executive 25%

Source: HDB InfoWEB

* HDB 2-room flat sellers pay the lower rate (10%) only when they upgrade to 3-room or bigger flat direct from HDB

If the seller had opted to defer the payment of the resale levy until he buys another flat from HDB, an interest at the prevailing rate of 5% per annum will be charged.

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