Resale Levy for Second-Timer EC Applicants
Second-timer applicants who buy Executive Condo unit directly from property developers have to pay a resale levy, similar to second-timer applicants who buy BTO flats.
Previously, second-timer applicants who buy new launch EC benefited from the lower EC prices, arising from the initial eligibility and ownership restrictions imposed on EC purchases. However, they do not need to pay a resale levy. The alignment of treatment with second-timer applicants who buy BTO flats will ensure greater parity.
|First Subsidised Flat Type||Resale Levy Amount (Households)||Resale Levy Amount (Singles Grant recipients)|
|Executive Condominium||$55,000||Not applicable|