Resale Levy for Second-Timer EC Applicants

Second-Timer Applicants Who Buy EC Unit Directly From Property Developers Have To Pay A Resale Levy

Resale Levy for Second-Timer EC Applicants

Applicable to Executive Condo Land Sales Launched On or After 9 Dec 2013

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)
2-room $15,000 $7,500
3-room $30,000 $15,000
4-room $40,000 $20,000
5-room $45,000 $22,500
Executive flat $50,000 $25,000
Executive Condominium $55,000 Not applicable