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November 2017 SBF

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Old 26-07-2018, 10:28 AM   #2881
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I got ask the officer when i collect keys lei.. is it i need vomit back the grant to HDB if i sell house.. she told me not true.. first time sell house no need pay levy one.
I received 20k grant before for my resale unit. Now hv to pay 20k levy in cash lei. So funny right? They give us grant put in cpf...then now asked to pay levy 20k in cash.
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Old 26-07-2018, 10:45 AM   #2882
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I received 20k grant before for my resale unit. Now hv to pay 20k levy in cash lei. So funny right? They give us grant put in cpf...then now asked to pay levy 20k in cash.
Singapore mah. Where got free money. They will always find a way to claw back money from us
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Old 26-07-2018, 10:57 AM   #2883
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Singapore mah. Where got free money. They will always find a way to claw back money from us
Ya lor...i read HDB page...

If you previously bought a new flat from HDB, Design, Build and Sell Scheme (DBSS) flat or Executive Condominium (EC) from a developer, or received a CPF Housing Grant, find out if you need to pay a resale levy when you purchase your next home.

The resale levy maintains a fair allocation of public housing subsidies between first-timers and second-timers by reducing the subsidy enjoyed for the second HDB flat or EC.

Nvr bought new flat from HDB or DBSS or EC before. So basically... i must pay levy bcuz i hv received grant before lor.

Last edited by LynR52; 26-07-2018 at 11:01 AM..
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Old 26-07-2018, 11:30 AM   #2884
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I just check myhdb again and got the grant letter aredi. Now when will get sms for key collection? Can I say I may get appointment within first 2 weeks of August ?😃
I got email instead of sms... Usually sent by your CRM...
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Old 26-07-2018, 11:35 AM   #2885
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I got ask the officer when i collect keys lei.. is it i need vomit back the grant to HDB if i sell house.. she told me not true.. first time sell house no need pay levy one.
Maybe first time sell house no need pay...
But second time BUY house need to pay..

Hahahahaha Singapore leh...
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Old 26-07-2018, 12:51 PM   #2886
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The whole line about grant and stays went magically missing 😱😿
LIke what Amex mentioned, your grant approval letter should be on the way
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Old 26-07-2018, 01:19 PM   #2887
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Maybe first time sell house no need pay...
But second time BUY house need to pay..

Hahahahaha Singapore leh...
from what I know

those who need to pay levy are buyer who apply new flat from HDB and ....

sold your new hdb house be it with grant or not,
sold your resales flat with grant...

For those resales seller who did not take grant from HDB before and did not purchase any new HDB flat before, no need to pay levy when you apply for your new flat.

(** if not wrong ba)
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Old 26-07-2018, 01:22 PM   #2888
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Additional CPF Housing Grant (AHG) Status
Your SHG application is successful. However, you do not qualify for the AHG.
Housing Grant amount: $0

Means I have no grant ??? 🙄🙄🙄🙄🤔🤔🤔🤔
AHG max ceiling till $5000 (total household income). $5001 will not be entitle to any of it

SHG max ceiling till $8500 (total household income)(4 room flat and below then have). $8501 will not be entitled to any of it.

Think you still entitle to SHG. That's why we wanna downgrade to 4 room to get the SHG.
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Old 26-07-2018, 01:53 PM   #2889
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from what I know

those who need to pay levy are buyer who apply new flat from HDB and ....

sold your new hdb house be it with grant or not,
sold your resales flat with grant...

For those resales seller who did not take grant from HDB before and did not purchase any new HDB flat before, no need to pay levy when you apply for your new flat.

(** if not wrong ba)
If really have to fork out levy if i ever want to sell/upgrade in future... I don't think i can ever repay my grant in cash... Funny how they cant give us the grant in cash in the first place...
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Old 26-07-2018, 02:21 PM   #2890
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If really have to fork out levy if i ever want to sell/upgrade in future... I don't think i can ever repay my grant in cash... Funny how they cant give us the grant in cash in the first place...
When you sell the house which you get any grant from, you can pay the levy from the sales. Only need to pay cash when you don't have enough to deduct.

https://www.hdb.gov.sg/cs/infoweb/re...---resale-levy
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Old 26-07-2018, 02:24 PM   #2891
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Maybe first time sell house no need pay...
But second time BUY house need to pay..

Hahahahaha Singapore leh...
current situation will benefit those who bought HDB flat 10 years ago. Punggol 4 room was about 170k. Current price around 380k. Same area. Buy back resale flats which they don't need to pay levy. Cos new flat 4 room in Punggol also around 300K and above for now.
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Old 26-07-2018, 02:50 PM   #2892
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current situation will benefit those who bought HDB flat 10 years ago. Punggol 4 room was about 170k. Current price around 380k. Same area. Buy back resale flats which they don't need to pay levy. Cos new flat 4 room in Punggol also around 300K and above for now.
If you sell ur house and got a cash profit more worse😂. Hdb will ask u to pay for ur current balance purchased price in cash.

Like mine example... i sold my resale flat and got 60k cash 10yrs ago. Now i want to buy this sbf right...the unit cost me 184k. Both our cpf is 150k. Balance 34k, i cant use HLE to pay. They want me to pay it in cash even tho i got 218k HLE amount. On top of 34k...my levy is 20k. So in short they want 54k cash frm me. Thats why im appealling to let me use my HLE to pay for my balance right now.
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Old 26-07-2018, 02:53 PM   #2893
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What if you use bank loan instead of HDB HLE. ?

If you sell ur house and got a cash profit more worse😂. Hdb will ask u to pay for ur current balance purchased price in cash.

Like mine example... i sold my resale flat and got 60k cash 10yrs ago. Now i want to buy this sbf right...the unit cost me 184k. Both our cpf is 150k. Balance 34k, i cant use HLE to pay. They want me to pay it in cash even tho i got 218k HLE amount. On top of 34k...my levy is 20k. So in short they want 54k cash frm me. Thats why im appealling to let me use my HLE to pay for my balance right now.
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Old 26-07-2018, 02:57 PM   #2894
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When you sell the house which you get any grant from, you can pay the levy from the sales. Only need to pay cash when you don't have enough to deduct.

https://www.hdb.gov.sg/cs/infoweb/re...---resale-levy
What they mean by sales proceeds is any cash amount you get after selling your unit. They will straight away deduct the cash n give you the balance cash. Lets say 10yrs ago...i sold my flat n bought another flat...instead of receiving the 60k cash...they will deduct 20k n give me the balance 40k. But after selling my house 10yrs ago becuz of divorced i didnt buy any flat. Stay with parents. So basically levy is to be paid in cash.
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Old 26-07-2018, 03:00 PM   #2895
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What if you use bank loan instead of HDB HLE. ?
Haiyah...i think bank shld be willing to loan u 34k to give HDB lei. Hahahaha. Point is HDB wants me to pay cash for balance instead of using HLE becuz 10yrs ago i received 60k cash from selling house. I think if my appeal is not approved to let me use HLE, i will have to take up bank loan instead.

But really my husband poor thing lor. He 1st time buying flat if cannot use HLE so sian.

Last edited by LynR52; 26-07-2018 at 03:05 PM..
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