No resale levy for 2nd-time buyers of new executive condos

[mouettehsl]

SINGAPORE: Second-time flat buyers who buy a new Executive Condominium (EC) will no longer have to pay the resale levy.

The policy change is to align the purchase of new ECs with the Design, Build and Sell Scheme (DBSS). It will take effect for those who buy new EC units to be built at Punggol.

In the near future, building activities may be intensified. Ground investigations are being carried out at a plot of land near to the LRT track approaching Punggol MRT station. Previously levies are imposed on a seller who intends to upgrade. It comes to be in tens of thousands of dollars. 

Suddenly in the blue, for new EC. condos, levies are no longer imposed on upgraders. Is this an encouragement hinting at 4 or 5 roomers in Punggol, that it is high time, residents upgrade ?

Or is it because, applicants are linning up to come to Punggol that nobody expects this to happen ?

ooh.. is this true..?? I had been having problems with the resale levy problem with HDB but am eager to get a flat...

[tom]

It is 100 % true at time of writing ( Reported in the local paper, highlighted by our housing chief ). Double check with the HDB to see if it still stands. In Singapore, policies kept changing, it's like weather report lah.