Resale Levy
 

Those who have previously bought a flat from the HDB or taken a CPF Housing Grant will have to pay a resale levy when they next buy a flat from HDB or an Executive Condominium from the developer where land sale was launched on or after 9 Dec 2013. The resale levy is meant to reduce the subsidy on the second subsidised flat so as to maintain a fair allocation of public housing subsidies between first- and second-timer citizen families.

These are the scenarios whereby a resale levy is payable/not payable:

Payable
Not Payable
You are buying: You are buying:

Which Resale Levy/Premium Applies to You

Buying a flat from the HDB

The resale levy amount is based on the flat type of your first subsidised flat and prevailing resale policy at the point of sale. The amount of resale levy/premium is regardless of the manner of holding (that is, joint-tenancy or tenancy-in-common) and the share of interest in the flat. Resale levy/premium payable by those who are buying their second subsidised flat from HDB are as follows:

Resale application to sell your first subsidised flat was received:
Payment Options
On or after 3 March 2006The amount payable according to the flat type of your first subsidised flat:

Flat TypeAmount
2-room*$15,000
3-room$30,000
4-room$40,000
5-room$45,000
Executive Flat$50,000
Executive Condominium bought with CPF housing grant where the land sale was launched before 9 Dec 2013$55,000
Executive Condominium where the land sale was launched on or after 9 Dec 2013$55,000
*Buyers of short lease 2-room flat will pay a prorated amount base on the lease of their 2-room flat.
Between 19 May 1997 and 2 March 2006The amount is based on the resale price or 90% of the market valuation of your first subsidised flat, whichever is higher. An accrued interest of 5% a year (up to the month payment is made) if you opted to defer the payment of the resale levy. The accrued interest will be calculated from the point resale of your first subsidised flat to the date you pay the resale levy.

Flat TypeAmount
2-room*10% / 15%
3-room20%
4-room22.5%
5-room & Executive25%

* 2-room flat sellers pay a lower rate, that is, only 10% if they buy a bigger flat direct from HDB.
Before 19 May 1997If you sold a flat during this period, you were given two options at the point when you sold your first subsidised flat:

Resale Premium
  • 10 or 20% of the purchase price of the second subsidised flat bought from the HDB.
  • If you are buying your next flat from the HDB, the resale premium will be included into the purchase price of your second subsidised flat.

OR

Graded Resale Levy
The amount is based on the resale price or 90% of the market valuation of your first subsidised flat, whichever is higher. An accrued interest of 5% a year (up to the month payment is made) if you opted to defer the payment of the resale levy.

Flat TypeAmount
2-room5%
3-room10%
4-room15%
5-room20%
Executive25%



Waiver of Interest for Elderly

If you have sold your first subsidised flat before 3 March 2006 and right-size to a new 2-room or 3-room flat from September 2015 sales launch onwards, you will pay only the percentage resale levy, with the interest waived, if you and your spouse are aged 55 and above at the point of the new flat application. The resale levy payable is subject to a minimum payment of $15,000 for 2-room, $30,000 for 3-room, $40,000 for 4-room, $45,000 for 5-room, and $50,000 for Executive flat. These amounts are the resale levy payable by second-timers who sold their first subsidised flat on or after 3 March 2006.

Making Payment for the Resale Levy

If you currently own your first subsidised flat and have booked your second subsidised flat, you must pay the resale levy when you sell your first subsidised flat. You may collect the keys to your new flat first; and pay the resale levy amount using the sales proceeds of your first subsidised flat. Any shortfall will have to be topped-up in cash.

If you have sold your first subsidised flat and have booked your second subsidised flat, you must pay the resale levy amount before collecting the keys to your second subsidised flat. You can pay the resale levy in cash or cashiers' order at Toa Payoh HDB Hub cashier (Atrium, third storey) or at any HDB Branch. You cannot use a housing loan or your CPF savings to pay the resale levy.


Resale Levy Payable by Singles

If you bought a 2-room flat from the HDB under the Single Singapore Citizen Scheme or Non-Citizen Spouse Scheme or Joint-Singles Scheme or if you took the CPF Housing Grant for Singles when you bought a resale flat from the open market, you need to pay only half the levy amount when you later form a family to buy a flat from the HDB or buy an EC from the developer where land sale was launched on or after 9 Dec 2013.



Last Updated on 19 Aug 2015