Hi,

I have since divorced and transfer the flat to my ex wife. We took a total of $40,000 grant and as i understand we both have to split the amount $20,000 each. My question is do i have to repay this grant if i am applying for a new BTO flat? and if i have to, when do i have to repay it? during downpayment or collection of key?

I forgot to mention i intend to pay the downpayment with my CPF and not taking any loans for the rest of the amount.

Thanks much

Edited June 12, 201115 yr by pikachu33

Yes, you have to repay the 20K in cash to HDB when you collect keys to your BTO.

Details available at http://www.hdb.gov.s...vy?OpenDocument

My friend is in quite same situation as you. She sold off her house and wanted to apply for BTO at first. But my friend gave up on the idea of BTO after she heard that she had to repay the 20K in cash.

Thank you so much for the information. I should have enough to cover everything during collection of keys. If it's any earlier i don't think i can afford it.