Scenarios whereby a resale levy is payable or not payable:
Type of flat seller owns previously/Existing flat | Type of flat seller plan to buy after the sale of existing flat | Resale Levy – Payable? |
New flat bought directly from HDB | Either of the following:
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Yes |
New flat bought directly from HDB | Either of the following:
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No |
Resale flat bought with CPF housing grant | Either of the following:
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Yes |
Resale flat bought with CPF housing grant | Either of the following:
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No |
* Unlike new flats which are applicable to first and second timers, the CPF housing grant is only applicable to first-timers. If your clients have previously bought a resale flat with the grant, they can no longer buy another resale flat with CPF housing grant.
Amount Payable under the Revised Resale Levy Policy
The amount of resale levy is graded according to the flat type of the flat owners’ first subsidised flat. Under the revised policy, flat owners whose first subsidised flat is a 2-room flat will pay a resale levy of $15,000. Those whose first subsidised flat is a 3-room, 4-room, 5-room and Executive flat will pay a resale levy of $30,000, $40,000, $45,000 and $50,000 respectively when they purchase a second subsidised flat.
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.
You can quickly check the resale levy here
Which Resale Levy Policy applies to you
The following flat owners will come under the Previous Resale Levy Policy:
- Booked a second subsidised flat or an Executive Condominium unit from the developer before 3 Mar 2006. This is regardless of whether they have sold or submitted a resale application to sell the first subsidised flat, or
- Sold the first subsidised flat and opted for deferred resale levy, or
- Submitted a resale application to HDB before 3 March 2006 for the sale of their first subsidised flat
Amount Payable under the Previous Resale Levy Policy
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 |
You can quickly check the resale levy here
Resale Levy Payable by Single Grant recipients
Making Payment for the Resale Levy
- Pay the resale levy immediately at the point of resale, i.e. when selling your subsidised flat or
- Defer the payment until you buy another flat from HDB. If you come under the previous resale levy policy and opt for this, an interest at the prevailing rate of 5% per annum will be charged.
You can pay the Resale Levy with either/combination of the following:
- with your sale proceeds or
- cash
HDB’s mortgage financing is not extended for the payment of the resale levy
Situation | Procedure |
If you
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If you
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If you pay at point of your resale transaction, i.e. when selling your subsidised flat |
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If you
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| Resale Levy | Payment Schedule | HDB Housing Grant