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Asked by Haniz 6 Oct 2012

my 1st flat is resale with bank loan, if i apply for bto n take hdb loan will hdb take 50% of e cash sales procede? im aware of e bto levy.

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Mike Lim · Answer 1 · 2012-10-06T20:39:17+08:00

Mike Lim

Replied 6 Oct 2012

Evening Haniz,

Levy is payable only if your current unit is purchased as subsidized unit. Since it was purchased using bank loan, you are not liable for levy for the upcoming BTO. 50% of cash profit is also not applicable for your case as it's not purchased under HDB loan.

FYI
Mike Lim
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