In today’s episode of ASKPropertyLimbrothers, our Listings Manager Wirdayu Safie will be talking about the HDB Resale Levy and how you can avoid paying this HDB Resale Levy. 

This is a topic which is often asked by HDB first time buyers or even HDB upgraders. So what exactly is resale levy and how your decision today will affect your future purchase? In short, resale levy’s actually imposed if you have previously bought a subsidized flat from HDB. The purpose of this levy is to allocate fairly public housing subsidies between first-timers and second-timers by reducing the subsidy enjoyed for a second HDB flat or an EC bought directly from the developer. What are the scenarios where resale levy will be imposed upon the purchase of your second subsidized home? How can you not incur this HDB Resale Levy?