HDB Resale Levy

Every Singaporean is given two times to apply and enjoy government subsidised flats. However, in order to enjoy the second subsidised flat, a Resale Levy is imposed for second time buyer. This will allow the government to better distribute the fund to the needy. If you are second time buyer, resale levy is not applicable if you : a. buy a resale flat from the open market. b. buy private property. c. Buy an executive condominium where the site was sold before 9th December 2013. For example Lakelife and Skypark Residences EC’s second timer buyer do not need to pay HDB Resale Levy. You can perform a quick estimated check here and please double confirm with HDB for actual figure.