Break ups are one of the most traumatic experiences a person can go through. Your self-esteem gets crushed, you feel unwanted and unloved, and you’ve got to deal with the prospect of being alone forevermore.
You’ll not be allowed to apply to buy or ballot for another flat for one year. And the next time you decide to ballot for a flat, either as a single or with a new love, additional chances accumulated from previous unsuccessful applications will be reset to zero so you won’t find it any easier to get a flat.Signed Sales & Purchase agreement lose hdb bto flat
You would also have paid the Buyer’s Stamp Duty, as well as the cost of engaging a lawyer, whether HDB’s or your own.Assuming you are buying a $400,000 flat and taking out a bank loan, that would mean you’d lose 20% of the purchase price amounting to $80,000, as well as $6,600 being Buyer’s Stamp Duty, and legal fees and disbursements incurred by the lawyer for lodging a caveat, etc.
Finally, it goes without saying that you’ll be barred from balloting for or buying a flat for a year, and lose your advantages as a first-timer applicant the next time you do decide to ballot.So you received notice that your keys were ready for collection, and that you would need to submit your ROM cert by a certain date. But in the end you didn’t go through with the marriage.
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