AskGuru Q&A Community

Hi Asdriana,

I assume ur current 5rm HDB is bought directly frm HDB and took up a HDB loan.

You will not be taxed for your 4rm purchase if it is bought from the resale market. However, you will be required to take a bank loan to finance for this 4rm flat.

Let me know if you need further assistance, as i specialise in jurong west.

Cheerz.
Brandon - ERA Marketing Director
HP: 8233 23 23
Email: aw.brandon@gmail.com Read More

Hi Asdriana,

I assume that you are referring to the resale levy. Resale levy is only payable if you were to buy another subsidized unit direct from HDB. In your case, the levy would be $45,000 and it must be paid in cash. If you are not planning to purchase another subsidized unit direct from HDB, you will not be subjected to this levy.

If you are intending to purchase a 4rm unit from the resale market using bank loan, you would need to pay 5% of the valuation price in cash. Any 'COV' (cash over valuation) agreed between you and the seller must also be settled in cash. We will need to do a detailed financial plan before determining if this is the best course of action for you.

Do feel free to contact me at 98808428  if you have further queries.

Frances Yen
Senior Team Director
ERA Read More

Hi Asdriana,

There won't be any Tax imposed for your 5rm flat after selling.

There will be some cash involve when buying the 4rm flat (COV + 5% Valuation price) for taking Bank Loan.

Please feel free to give me a call for a non-obligation discussion @ 9027-6142  (kenlim09@gmail.com).

Regards,
Ken Lim
C & H Group Read More

------------------

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More

------------------

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More