Hi there,
Unfortunately, this is a difficult situation to be in. If you and your partner decide to break up before moving into your new resale flat, here's what might happen:
**1. You will likely have to surrender the flat back to HDB.**
* **Eligibility to purchase a resale flat is tied to being a family nucleus:** This means either a married couple, a parent and child, or siblings. If you and your partner break up, you no longer fulfill this requirement.
* **No exception for resale flats:** Unlike BTO flats, there's no Fiancé/Fiancée scheme for resale flats, so there's no provision for one party to take over the flat if the relationship ends.
**2. Compensation from HDB:**
* **HDB will likely compensate you for the flat,** but the amount is at their discretion and may not cover all your costs.
**3. Other potential implications:**
* **Financial losses:** You might lose money invested in conveyancing fees, stamp duties, and any renovation deposits.
* **Eligibility restrictions:** You may face restrictions on buying another subsidized flat in the future.
**What you can do:**
* **Communicate with HDB:** Inform HDB about your situation as soon as possible. They will guide you through the necessary procedures.
* **Seek legal advice:** If you have any concerns or disputes about the situation, consider seeking legal advice.
**Important:**
* **Open communication:** Try to maintain open communication with your partner to reach an amicable solution.
* **Consider alternatives:** If possible, explore other options like renting out the flat or transferring ownership to one party if they meet the eligibility criteria.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
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"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(***) You can check out my reviews here:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
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