What happens if I give up my BTO flat after signing the Agreement for Lease but before key collection?

Hi anonymous,

At this stage you will lose:

• BTO application fee

• Option fee

• Downpayment (5% of property purchase price)

• Buyer's stamp duty

• Legal fees

• Accrued interest on housing grant

You'll also have to wait 1 year from the date of cancellation before you can apply or be included as an essential occupier for a:

• New HDB flat

• DBSS flat from developers

• EC unit from developers

• Resale flat with CPF housing grant

• Resale flat that's announced for SERS

If you're a first-timer family, any additional chances that you may have accumulated from your previous unsuccessful BTO applications will also be reset to 0.

Bottom line? Think carefully before you do the "Ai BTO mai" tango!

If you'd like to find out more, we've got an article about breaking up after BT

​​​