List of Executive Condominium (EC) Without Resale Levy
Resale Levy update as of 27 Nov 2016
A list of Executive Condominium (EC) without resale levy still exist in the market, where 2nd timer buyer no need to pay resale levy. There are a few Punggol EC, Sengkang EC, Woodlands EC and Sembawang EC with no resale levy. Resale levy is payable by 2nd timers applicants when buying a second subsided HDB flat or some Executive Condominiums. The brand new requirement on 2nd timer buyer to pay resale levy for buying executive condo is imposed on EC property land sales launched on or after December 9, 2013 including the ones that have closed their tenders yet. Basically 2nd Timer buyer have to pay resale levy for all the EC that was launched in 2015. A list of EC that has no resale levy and new EC with resale levy.
Executive Condominium resale levy rule executed on 09 December 2013 will affect the 2nd Timer applicants the most as buyer have to pay resale levy and the levy amount depend on when you sold off your 1st subsidy flat. The EC that were launched from 2015 onward are affected by resales levy: Treasure Crest EC, Westwoods EC, the Vales EC, Brownstone EC, Sol Acres EC, Signature at Yishun EC. Criterion EC, Wandervales EC, Parc Life, The Visionaire and Northwave EC, upcoming Yio Chu Kang EC are all EC with resale levy.
There are different scenarios whereby a resale levy is payable or not payable. The amount of levy payable will depend on the date you have sold your first subsidy flat.
Resale application to sell your first subsidised flat was received:
|On or after 3 March 2006||The amount payable according to the flat type of your first subsidised flat:
*Buyers of short lease 2-room flat will pay a prorated amount base on the lease of their 2-room flat.
19 May 1997
and 2 March 2006
|The amount is based on the resale price or 90% of the market valuation of your first subsidised flat, whichever is higher. An accrued interest of 5% a year (up to the month payment is made) if you opted to defer the payment of the resale levy. The accrued interest will be calculated from the point resale of your first subsidised flat to the date you pay the resale levy.
* 2-room flat sellers pay a lower rate, that is, only 10% if they buy a bigger flat direct from HDB.
|Before 19 May 1997
|If you sold a flat during this period, you were given two options at the point when you sold your first subsidised flat:Resale Premium
Graded Resale Levy
Paying the resale levy
The resale levy payable is determined at the point you book your second subsidised flat. Payment can only be made by way of your flat sale proceeds and/ or cash.
When and how payment for Resale Levy is made
|Flat Sale Timeline||Resale Levy Payment|
|First subsidised flat sold after taking possession of the second subsidised flat||
|First subsidised flat sold before taking possession of the second subsidised flat||
List of EC with no Resales Levy
Here is a list of EC where no resale levy is payable, where land sales was launched before 9 Dec 2013.
|S/N||EC Project||Location||Units||Launch date Est TOP|
|1||Forestville||Woodlands||653||Jun-13 June 2016|
|2||Twin Fountains||Woodlands||418||Jun-13 Mar 2016|
|3||Ecopolitan||Punggol||513||Aug-13 May 2016|
|4||Sea Horizon||Pasir Ris||495||Sep-13 Nov 2016|
|5||Waterwoods||Punggol||373||Nov-13 Dec 2015|
|6||Skypark Residences||Sembawang||506||Nov-13 June 2016|
|7||Bellewoods||Woodlands||561||Nov-14 Nov 2017|
|8||Lake Life||Yuan Ching Road||546||Nov-14 Dec 2017|
|9||Bellewaters||Sengkang||651||Nov-14 Nov 2017|
|10||The Terrace||Punggol||747||Dec-14 Mar 2018|
|11||The Amore EC||Punggol||378||Jan-15 Mid 2017|
|Please call 87779000 for any EC enquiry and make appointment to view the showflat.|
A List of EC with Resales levy launched in 2015
|S/N NAME||LOCATION||DEVELOPER||LAND SIZE (sqm)||SUCCESSFUL BID||$/PSF PPR|
|1. Westwood Residences||Westwood Avenue||Changi Properties Pte. Ltd. & Heeton Homes Pte. Ltd.||17,285||$198,900,000||$382|
|2. The Brownstone||Canberra Drive||Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.||28,563||$226,000,000||$350|
|3. The Vales||Anchorvale Crescent||Phoenix Real Estate Pte Ltd||16,280||$192,888,888||$367|
|4. Sol Acres||Choa Chu Kang Grove Parcel A||MCL Land||16,455||$232,500,000||$375|
|5. Sol Acres||Choa Chu Kang Grove Parcel B||MCL Land||16,453||$210,100,000||$339|
|6. Signature at Yishun||Yishun St 51 Parcel B||JBE Holdings||18,260||$178,500,000||$330|
|7. The Criterion||Yishun St 51 Parcel A||Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.||17,940||$184,130,000||$335|
|A List of EC with Resale levy launched in 2016
|1. Wandervale EC Choa Chu Kang Sim Lian 19,058
2. Parc Life EC Sembawang Fraser Centrepoint 22,190
3. The Visionaire EC Canberra Qingjian 28745
4. Treasure Crest EC Sengkang Sim Lian 17,450
5. Northwave EC Woodlands MCC 12,388
A List of EC with Resale levy launched in 2017
1. Choa Chu Kang EC Choa Chu Kang Avenue 5 Qingjian Realty