{"id":30436,"date":"2019-11-14T13:06:59","date_gmt":"2019-11-14T05:06:59","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=30436"},"modified":"2022-06-13T17:24:27","modified_gmt":"2022-06-13T09:24:27","slug":"your-bto-break-up-will-cost-you-up-78k","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/your-bto-break-up-will-cost-you-up-78k\/","title":{"rendered":"Your BTO breakup will cost you up to $78k"},"content":{"rendered":"
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This article first appeared on Seedly <\/a> and is part of a content syndication agreement between 99.co and Seedly.<\/a><\/em><\/strong><\/p>\n

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Breakups suck, but you know what\u2019s worse?<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Breaking up when you and your partner have already balloted for a BTO flat. <\/strong><\/p>\n

While I\u2019ve shared my experience with regard to the\u00a0nuances of getting your BTO<\/a>, as well as the joys of owning your own home. I\u2019ve also seen plenty of couples who\u2019ve never seen it through So before you pop the question and ask \u201cAi<\/em>\u00a0BTO\u00a0mai<\/em>?\u201d (Hokkien: Wanna BTO not?), did you know that you\u00a0could lose anything from $10 to more than $78,000<\/strong>?<\/p>\n

Note: the numbers and figures quoted in this article will be based on break-up scenarios involving a 4-room BTO HDB flat<\/p>\n

Here\u2019s how much you\u2019ll stand to lose if you break up:<\/h2>\n
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  • before Unit Selection:\u00a0$10<\/strong><\/li>\n
  • after Booking A Flat but before Signing The Agreement For Lease:\u00a0$2,010<\/strong><\/li>\n
  • after Signing The Agreement For Lease but before Key Collection:\u00a0$62,328.24<\/strong><\/li>\n
  • after Key Collection:\u00a0$78,487.87 (assuming a worst-case scenario where you don\u2019t get a single cent back from HDB)<\/strong><\/li>\n<\/ul>\n

    But there\u2019s more to it than just financial loss\u2026<\/strong><\/h2>\n

    You\u2019ll also\u00a0lose your First-Timer Applicant privileges<\/strong>\u00a0and you\u2019ll even get\u00a0barred from buying or balloting for another BTO flat for a set number of years<\/strong>.<\/p>\n

    The Nitty Gritty<\/h2>\n