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Hatta Aziz

07 Oct 2020

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Do we have to pay back the grants if you sell your house?

Say, I bought a resale house and I got 70k worth of grants for living near my parents. The original price of the house is 350k but thanks to the grant, the price gets pushed down to 280k.

In 6 years time, I want to sell the house. Do I have to pay the govt back the 70k? Because this will affect how much I sell the house for.

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Jesslyn Chin

07 Oct 2020

Hi, yes you have to if purchase new flat (BTO) after selling, but if your next purchase is a resale flat you don't have to pay back the grant. Regards Jesslyn Chin

www.jesslynchin.com

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YY Piggie

01 Oct 2020

You are liable for reasale levy if you choose to buy a second subsidised flat. Most of the time this levy basically means returning all the grant you recived back to the govt

More info here.
https://www.hdb.gov.sg/cs/infoweb/residential/s...

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Peter Lin

30 Sep 2020

Brand Comms Lead at Mortgage Master

This was just answered here by Kenneth: [https://seedly.sg/questions/do-we-have-to-pay-b......

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