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Hi,

1) An EC reached MOP will consider as private residences to SC & PR if resale in the open market. Thus should not need to pay any resale levy.
Resale levy only applicable to subsidized flats. Thus new launch EC has to pay a resale levy. However, if this EC is buying directly from the developer, you will have to pay the resale levy.

2) You already enjoyed a subsidized flat from the government. No matter when you apply to purchase another subsidized flat, you will still subject to the resale levy.

Hope the above answers your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer/

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Dear Sir/Mdm,

For EC under MOP, it is considered as a new EC and therefore the resale levy is payable. I would not recommend you purchasing such a unit as you would be paying a higher price as compared to all your neighbours who bought previously. Buying a brand new EC would be a better option.

Once the EC has reached the MOP mark, you can purchase without the need to pay resale levy and also you can purchase under a single name instead of purchasing under a family nucelus.

Resale flat does not attract a resale levy but do note that if you were to purchase a BTO or a brand new EC in the future, resale levy is still applicable and the amount is based on your current flat.

Please feel free to contact me so that I can run through with you in depth the pros and cons of such a move!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
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Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, if this EC has hit its MOP, then no resale levy is needed.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

As the EC is sold within MOP period with special, all EC eligibility conditions will apply hence a resale levy will apply as well. Alternatively you can wait until the official MOP is met before purchasing to avoid this resale levy. Your loan amount can also be potentially higher since MSR of 30% will no longer apply.

The rationale of resale levy is so that anyone who gets a 2nd subsidized flat or new EC , will have a resale levy applied to them, so to discourage speculation. Subsidized flat includes new BTO bought direct from HDB, resale flat with grant or new EC.

Hence so long if you buy any of the subsidized flat category next time, as a 2nd subsidized flat, the resale levy will apply and its in the form of cash. Alternatively you can consider resale EC or private property instead which sometimes may turn out to be the better option in terms of finances.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi;

Resale levy is applicable if you were to buy another subsidies housing ie BTO / EC.. if you buy resale EC/HDB now, you dont have to pay any levy, but in future if you were to get another EC / BTO, yes, you need to pay levy.. EC with approval to sell need to fulfil the EC eligibility as per buying new EC frm developer, hence need to pay resale levy.. If you would like to know more on the pros and cons of new EC vs resale EC, do feel free to contact me.. I'm very familiar with ECs and are currently marketing the 4ECs that are in the market now.. Thanks

Regards;
Lyna Song
 9623 8442 
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com
https://r025113i.propnex.net Read More

Hi,

As the EC you're eyeing is TOP in 2018 and still within the MOP, those who purchase it will need to fulfill all eligibility conditions, including resale levy for second-timers.

You could either:
1) wait for the EC to meet the MOP to purchase a unit there without resale levy, or
2) purchase another EC or private condo that resale levy is not applicable.

If you were to purchase a resale HDB flat, you will need to meet a fresh 5-year MOP before you can purchase another property. If you're planning to purchase a brand new EC direct from the developer after you have met the 5-year MOP of your resale HDB flat, the resale levy will still applicable.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

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