Hi San San,
Under such circumstances the penalties will be as follows:
1) There will be a forfeiture of 5% of the purchased flat price.
2) You must wait out a 1 year period from the date of cancellation of the application before you can apply or be included as an essential occupier for a:
New HDB flat
DBSS flat from developers
Executive Condominium unit from the developers
Resale flat with CPF Housing Grant
Resale flat that has been announced for SERS
For first-timer families
Any additional chances accumulated from your previous unsuccessful applications will be set to 0.
*HDB/ your solicitor can assist by applying to IRAS for a refund of stamp duty paid upon cancellation of flat application. The conveyancing fee is expended for services provided by HDB.
There will be no further implications.
Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
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