Myth 118 New HDB flats sure to fetch higher value in resale market HDB flats are sold at subsidised prices, whatever that means. For many years, all new HDB owners would be able to sell their flats in the resale market for a profit simply because of the subsidy. And for that, HDB flat owners are expected to pay a levy when they sold the flat because they made a clean profit. Leong Sze Hian's letter of his HDB friend in the Today paper tells a different story. Bought flat from HDB in 2000 at $416,000. Current valuation is now $338,000. Can't even sell it at $336,000, ie below valuation. And better still, needs to pay a $50,000 resale levy to be eligible for a second HDB flat. Oh, his neighbouring flat which has been vacant for 6 years has been put up for sale by HDB at $273,200. Even if this is affected by the racial quota, the value is indeed shocking.