Conditions After Transfer of Flat Ownership
For proposed owners to take note
Existing approval for renting out the flat
Minimum Occupation Period (MOP)
Payment of seller’s stamp duty upon disposal of flat
You may need to pay a Seller's Stamp Duty (SSD) when you dispose of the flat within a certain holding period. More information on the seller’s stamp duty can be obtained from the IRAS website (Other Taxes > Stamp Duty for Property).
For withdrawing owners to take note
Owners taking a second HDB loan for the next flat purchase
If you have bought/ intend to, or are listed as an essential occupier of another HDB flat with a second mortgage loan from us, you need to use all your CPF monies available for housing (including the CPF refund) and up to 50% of the cash consideration (if any) to finance the purchase of your next flat.
Time bar for purchase of subsidised flats
If you have withdrawn your ownership from a subsidised flat, you will need to meet a 5-year time bar from the date of purchase of the flat (excluding any period of renting out of whole flat and/ or any period of non-occupation) before you can apply to buy another subsidised flat, DBSS flat, or an EC unit directly from the developer.
Payment of resale levy
Existing owners withdrawing their ownership from a subsidised flat* may need to pay a resale levy in cash before buying/ taking over the ownership of another subsidised flat/ Executive Condominium unit sold by the developer.
The resale levy payable is determined at the point of booking the second subsidised flat.
*Subsidised flats refer to flats bought directly from HDB, resale flats bought with CPF Housing Grant or DBSS flats bought directly from the developer.
Payment of Seller’s Stamp Duty
You may need to pay a Seller's Stamp Duty (SSD) if you acquired the flat on or after 20 Feb 2010 and disposed of your interest in the flat within a certain holding period. More information on the seller’s stamp duty can be obtained from the IRAS website (Other Taxes > Stamp Duty for Property).
Planning for the next flat
You may refer to these available housing options for more information on planning your next home.