Break off before getting DBSS flat.

[Mercur1al]

Any difference for BTO?

 

Currently in the same boat, signed the Agreement of Lease and paid 5% of BTO purchase price, stamp duty, legal fees etc.

 

Cancellation will need to forfeit the 5% right? I'm fine with the forfeiture, however, heard that since the 5% came from CPF, we have to put the forfeited money back in our CPF accts?

 

We had an AHG grant as well, that i know we have to repay, but how about the forfeited money that came from our CPF? Need to put back into the acct using cash as well?

 

Just trying to get the process and costs involved certain before i let her know.

 

 

[Cars08]

Actually why u all see no open...relationship finish nvr mind..think abt it...ROM for 5 yrs..then later u all go separate ways sell the flat n earn money...go separate ways no need to announce...hv an agreement share profit after 5 yrs later..married cert only a cert..or once u get the flat...then u go swear swear never go thru traditional wedding n dong fan...annul the marriage lor...hehe...like tat dunno can or nt..but dun get caught hah...maybe do it 1 yr or 2 yr later after u ROM...meanwhile u rent out secretly get some rental...rent below mkt rate...ppl sure take one...Dun say learn from here..

[Piyopico]

Any difference for BTO?

 

Currently in the same boat, signed the Agreement of Lease and paid 5% of BTO purchase price, stamp duty, legal fees etc.

 

Cancellation will need to forfeit the 5% right? I'm fine with the forfeiture, however, heard that since the 5% came from CPF, we have to put the forfeited money back in our CPF accts?

 

We had an AHG grant as well, that i know we have to repay, but how about the forfeited money that came from our CPF? Need to put back into the acct using cash as well?

 

Just trying to get the process and costs involved certain before i let her know.

 

If give up, HDB will forfeit 50% of your downpayment, excluding the stamp duties, legal fees and GST which will be fully forfeited.

[Piyopico]

Actually why u all see no open...relationship finish nvr mind..think abt it...ROM for 5 yrs..then later u all go separate ways sell the flat n earn money...go separate ways no need to announce...hv an agreement share profit after 5 yrs later..married cert only a cert..or once u get the flat...then u go swear swear never go thru traditional wedding n dong fan...annul the marriage lor...hehe...like tat dunno can or nt..but dun get caught hah...maybe do it 1 yr or 2 yr later after u ROM...meanwhile u rent out secretly get some rental...rent below mkt rate...ppl sure take one...Dun say learn from here..

 

Provided the girl accept this arrangement la. Normally means got another guy oredi and she wants to marry him instead wat.

 

You think anyone will wait a few years for the flat to be built and another 5 years before selling it?

 

 

[Sabbie]

Stupid govt rules, I broke up with my so called fianc

[Csnewbie]

Stupid govt rules, I broke up with my so called fianc

[Babyt]

at the moment, the other party is making arrangement with HDB if he can sell the parent's flat n moved to that DBSS unit....not sure if this will be successful yet.

 

i didnt ask much from my sister.

[Alim]

This is your friend?

 

No wedding, no flat, but DBSS buyer has to pay $120,000 penalty

 

SINGAPORE - A buyer who purchased a flat under the Housing and Development Board's (HDB) Design, Build and Sell Scheme (DBSS) with her fianc

[Zyrofillica]

KANINA only in this full of shiet island we need to pay arm and leg for a flat and ballot for it 5 years in advance and then if break up have to pay 10%. whadafish? cannot transfer to someone else meh or put under new fiancee name.

[Ithunk]

y the girl break off?

Edited January 5, 2012 by Ithunk

[Cars08]

Provided the girl accept this arrangement la. Normally means got another guy oredi and she wants to marry him instead wat.

 

You think anyone will wait a few years for the flat to be built and another 5 years before selling it?

If cant act..then bo bian...pay the price for failing to act lor...

[Mydotcom]

Cannot.... Our ministers tell us must plan marriage in ahead... so decide and plan to get married at 25 yrs old, so that when BTO flat ready in 3-4 yrs time, 28-29.... just nice age to be officially married.

 

Then alot of people will take advantage of this practice.

The couple already deprived another eligible couple the chance to get the flat, ought to have a financial penalty.

 

Couples should get married first before applying for flat.

 

[Watwheels]

How come cannot get married first dan get flat? Die die must get flat just before marriage? Is this a tradition? Or ppl just being kiasu?

[Sabbie]

How come cannot get married first dan get flat? Die die must get flat just before marriage? Is this a tradition? Or ppl just being kiasu?

 

Because flats take time to build and newly weds want to have their own abode and not stay with nagging parents and because not everyone can afford private property....