My Answer with regards to your Question:
In Singapore, the eligibility for a Built-To-Order (BTO) flat is assessed at the point of application. However, there are certain conditions and requirements that you need to fulfill throughout the process, including before collecting the keys to your BTO flat. Quitting your job after the application but before key collection may have implications, but it doesn't necessarily mean automatic forfeiture. Here are some points to consider:
Eligibility Assessment:
Your eligibility for a BTO flat is primarily assessed at the time of application. However, you need to meet certain criteria throughout the process, including during the key collection phase.
Occupancy Requirement:
HDB has occupancy requirements, and you are generally required to occupy the flat for a minimum period before you are allowed to sell or sublet it. If there are changes in your employment status after key collection, it may not necessarily lead to forfeiture, but you should inform HDB about any changes.
HDB Notification:
It's advisable to inform HDB about any changes in your employment or financial situation. HDB may provide guidance on the next steps and any implications for your BTO flat.
Loan Financing:
If you have taken a housing loan from HDB or a bank, quitting your job might affect your loan repayment capacity. It's important to consider the financial implications and explore options with your lender.
Consult HDB:
For accurate and personalized advice based on your specific situation, it's recommended to contact HDB directly. You can reach out to HDB through their official website or visit one of their service centers to discuss your circumstances and seek guidance.
HDB Eligibility Criteria:
To be eligible to buy an HDB flat in Singapore, one of the eligibility conditions is that the buyer should not own any other residential property locally or overseas at the time of application.
Commercial Property Ownership:
Ownership of commercial property overseas may not disqualify you from buying an HDB flat, as HDB eligibility rules typically focus on residential properties.
For the most current and personalized advice, reach out to the HDB
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