Executive Condominium

Executive Condominium

NEW: Hundred Palms Residences EC at Yio Chu Kang Road

Take Note:

Resale Levy is applicable for an EC from a developer project where the land sale was launched before 9 December 2013.  This amount is payable in CASH.

Amount Payable under the Revised Resale Levy Policy

The amount of resale levy is graded according to the flat type of the flat owners’ first subsidised flat. Under the revised policy, flat owners whose first subsidised flat is a 2-room flat will pay a resale levy of $15,000. Those whose first subsidised flat is a 3-room, 4-room, 5-room and Executive flat will pay a resale levy of $30,000, $40,000, $45,000 and $50,000 respectively when they purchase a second subsidised flat.

First Subsidised Flat Type Amount of Resale Levy Payable under the Revised Policy (From 3 Mar 2006*)
2-room $15,000
3-room $30,000
4-room $40,000
5-room $45,000
Executive Flat $50,000
Which Resale Levy Policy applies to you

The revised resale levy has been implemented from 03 Mar 2006. The revised resale levy policy will apply to 2nd-timer applicants who book their 2nd subsidised flat from HDB and submit their resale application to sell their first subsidised flat, both of which must be on or after 3 March 2006.

The following flat owners will come under the Previous Resale Levy Policy: 

      • Booked a second subsidised flat or an Executive Condominium unit from the developer before 3 Mar 2006. This is regardless of whether they have sold or submitted a resale application to sell the first subsidised flat, or
      • Sold the first subsidised flat and opted for deferred resale levy, or
      • Submitted a resale application to HDB before 3 March 2006 for the sale of their first subsidised flat
Amount Payable under the Previous Resale Levy Policy

Below are the charges under the Previous Resale Levy Policy, i.e. based on resale price or 90% of market valuation, whichever is higher:

Flat Type Resale Levy payable by family grant recipient +Resale Levy payable by singles/half grant recipient
2-room *10% / 15% *5% / 7.5%
3-room 20% 10%
4-room 22.5% 11.25%
5-room & Executive 25% 12.5%

 

* 2-room flat sellers pay a lower rate, i.e. 10% or 5%, only if they buy a bigger flat direct from HDB.
+ These resale levy rates apply only to sellers of flats previously bought with singles grant and who submit their resale applications on or after 15 Sep 2004

Register your interest with us today for updates on the upcoming developments or contact us for a non-obligatory discussion!

Call 87173258 (Lily Tang) now!

 

Disclaimer: Launch price is an estimated range only, subjected to changes, construction cost, inflation and for reference only. Developer(s) holds the final decision in deciding the sales price and agents cannot be held liable for the above estimation.

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