Official May 2017 BTO

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joesph

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ahbear82

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Hi, for buying a BTO with your wife, now will need to pay 20% down payment right, then your remaining CPF (ordinary account) will be wipe out to the purchase price and balance will be under HDB loan.

can i check when will the CPF be wipe out and what happen to these sum (not the 20% down payment) if say (touch wood) breakup after key collection?
 
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Ahteolaugau

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ahbear82 said:
Hi, for buying a BTO with your wife, now will need to pay 20% down payment right, then your remaining CPF (ordinary account) will be wipe out to the purchase price and balance will be under HDB loan.

can i check when will the CPF be wipe out and what happen to these sum (not the 20% down payment) if say (touch wood) breakup after key collection?
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Yes. U can choose to wipe out all your OA or opt to leave 20k in OA for the sweep. All happens during key collection and then HDB loan monthly instlment will commence the mth after.

Also it gets complicated when you break up with ur wife. Just don't go that route and keep the commitment to ur relationship going. As far as I know ur flat need to be surrendered to HDB. Not sure whether your CPF monies will be refunded, up to HDB's assessment and discretion.

Not to mention your chances of getting a new flat after divorce / breakup will be even lower as ur eligibility will be more restricted.
 
1982-1994

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ahbear82 said:
Hi, for buying a BTO with your wife, now will need to pay 20% down payment right, then your remaining CPF (ordinary account) will be wipe out to the purchase price and balance will be under HDB loan.

can i check when will the CPF be wipe out and what happen to these sum (not the 20% down payment) if say (touch wood) breakup after key collection?
Click to expand...
I'm more inclined to know why did you bump up this thread instead of other recent BTO thread?
 
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ahbear82

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Ahteolaugau said:
Yes. U can choose to wipe out all your OA or opt to leave 20k in OA for the sweep. All happens during key collection and then HDB loan monthly instlment will commence the mth after.

Also it gets complicated when you break up with ur wife. Just don't go that route and keep the commitment to ur relationship going. As far as I know ur flat need to be surrendered to HDB. Not sure whether your CPF monies will be refunded, up to HDB's assessment and discretion.

Not to mention your chances of getting a new flat after divorce / breakup will be even lower as ur eligibility will be more restricted.
Click to expand...
Thanks, hmm, i know the down payment likely will be forfeited , just not sure if those "wipe out" cpf will be return to individual...
 
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