EC without resale levy

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EC without resale levy

When to initiate paying for Resale Levy?

EC without resale levy is payable as soon as the first subsidised flat is sold-out or right after buying the second subsidised flat. The resale levy amount is then discounted from the sale of the first subsidised flat and any depleted sum will be made payable by cash.

However, for those who already have their first subsidised flat before they take possession of the second subsidised flat will have a resale levy that is receivable in cash, but only when they take ownership of the second subsidized flat.

What is the Resale Levy amount?

The Resale Levy will be defined in accordance to the 90% of the market evaluation or resale price, whichever is higher.

First Subsidised Flat Resale Household Single Grant Recipients
2 rooms 10 or 15% 5 or 7.5%
3 rooms 20% 10%
4 rooms 22.5% 11.25%
5 rooms 25% 12.50%
Executive 25% 12.50%

* For 2 bedrooms flat owners who advances to a bigger unit.