Question: Wilfred, we decided to buy a new HDB either through BTO or Balance of Sales. I was shocked when I was told I must pay $152,000 in additional money over and above the purchase price. We were looking at a $350K BTO but I was told it will cost us $500K instead! To make it worse, we were told we can only borrow at most $200K. I don’t know what to do as we don’t have the money! HELP!! Answer: You and your wife sold your first subsidised HDB flat in 2005 due to some family financial problems. Since the sale was before 3 March 2006, the applicable levy for a 5 room flat is 25% of resale price or 90% of valuation whichever is higher. Since the flat was sold at $400,000 (with positive COV), the applicable resale levy is 25% x 400000 = $100,000 plus an interest ......