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Mike Lim
Replied
Evening,

As per your statement, you are staying in a resale HDB EA, did you took HDB grant and loan for this unit?
If you have received the HDB grant, it's considered that you have enjoyed one subsidized unit from HDB. Hence the downgrading to 5 rm new unit would incurred a levy of $50k.

Do feel free to contact me for further assistance.

Thanks
Mike Lim
 96929209 
ERA
CEA No: R026708F Read More
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William Koh
Replied
Hi,

If you had taken the CPF grant for the resale EA flat, on the next purchase of flat (regardless of how many rooms) direct from HDB, you are require to pay a levy of $50k.

Hope that I have answer your question.
Feel free to contact me for further queries.

Cheers,
William Koh
 9027 1072 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
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