AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
My son n family recently accepted a new selected hdb flat and now they decided to buy a resale flat to quickly start a new family of their own. Cancellation of new flat and what are the penalties from Hdb? Pl advise us. Thank U
0 •
345 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Mike Lim
Replied
Afternoon Ken Yee,

Since you have paid the deposit of $2k for the selection for BTO unit, if you choose to cancel it, you will firstly, lose the deposit. Secondly, if they were to choose BTO again in the future, they will not be placed under priority scheme. Beside such, there's nothing which will affect you guys.

FYI
Mike Lim
 96929209 
CEA Reg No: R026708F
Email add: m52i@yahoo.com
ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions