Your Say: Relook resale levy for long-time HDB owners who want to sell their first flats

After a long lull, with Covid making us all serious, we return once again to the wonderful world of the self-centred. Today's story is about a man who would like two bites of the cherry and thinks he should be given those two bites. (I have mellowed in my old age, and am unable to come up with sarcastic remarks for his arguments, so, feel free to add your own. I have found that such self-centred and self-absorbed people aren't worth arguing with or even debating with. They just believe the world is unfair to them, and nothing you say will change their minds.)

Mr Teo Kueh Liang bought his first flat in Clementi in 1984 and has been living there for nearly 40 years.

TEO KUEH LIANG

May 3, 2022


I was glad to learn that the Housing and Development Board (HDB) will launch around 1,600 Build-To-Order (BTO) flats at Farrer Park in three years’ time.

However, as a second-time HDB buyer, I am concerned about paying the HDB’s resale levy if I choose to buy a new flat.

I bought my first flat in Clementi in 1984 and have been living there for nearly 40 years.

The HDB’s website says that the resale levy is meant to reduce the subsidy given for a second subsidised flat, ensuring a fairer allocation of subsidies. This must be paid using the flat sale proceeds or in cash.