WELCOME TO IRIS TAN'S PROPERTY BLOG "海绮房屋仲介部落格"


WELCOME TO IRIS TAN'S PROPERTY BLOG.
Looking to invest in Singapore Real Estate, or are you trying to Sell, Rent, Invest/Purchase a Singapore Property ? Look No More! You have come to the Right place in your search for properties in Singapore.
We will help you find your dream property from our lists of Thousands of Singapore Properties in our Real Estate Network-base.
This blog is created to share interesting news & information of the related issues in the Real Estate of Singapore, just meant for your reading pleasure, thank you for dropping by this blog.
This blog also intend to promote our services as the Licensed Real Estate Agent in Singapore.
Our services would include to assist you in SELLING, RENTING, BUYING/INVESTING in Singapore Real Estate properties; Rent private apartment/condominiums, rent private houses (landed properties: Bungalows/Semi-Detach/Terrace Houses, etc), even renting of HDB units, rent offices, rent or buy retail shops for your businesses. Services such like buying or selling/renting your Commercial/Industrial property also included. Legal advisers and/or solicitors if required would also recommended. Don't hesitate, Hire Us Now!
Our team's service also include Property Management at low management fees and look after your properties/tenants on your behalf during your absence.
We are your reliable Real Estate Consultants who provides One-Stop Service in all Property solutions For You!
Property Owners/Buyers & Tenants, To Sell Your Property or Buying your dream home or Renting, please contact me at 98585000 for assistance. Thank you.


我是您的新加坡房屋仲介,

为您寻找合意的私人或政府房屋地产， 无论是租、买、

售卖房屋是我的专业 ，请您让我为您服务！

屋主/租客，请与我们联系。

買屋、賣屋、房屋仲介與房屋買賣等不動產服務、

您

最值得信任的夥伴!

Monday, July 11, 2011

Did you hear about the penalty to cancel DBSS purchase (more than S$120,000 penalty)

S$120000 penalty for buyer who cancelled wedding

A home buyer who acquired a flat under the HDB's design, build and sell scheme (DBSS) with her fiancé two years ago, is now faced with a painful penalty after cancelling their wedding.

The penalty amounts to a staggering 20 percent (more than S$120,000) of the purchase price of S$610,000. This is four times the five percent penalty payable for Build-To-Order (BTO) flats.

Ms. W L Teoh, 29, purchased a five-room flat in Ang Mo Kio with her fiancé two years ago but the wedding was cancelled soon after. With the cancellation of the wedding, the couple became ineligible for the flat, since the HDB's Fiancé / Fiancée scheme requires an engaged couple to submit a wedding certificate three months after obtaining a flat.
"When we decided not to go ahead with the marriage due to personal reasons, we were hit with an absurd penalty amount," said Ms. Teoh.

The HDB then offered to let her buy the flat under a different scheme, with eligible family members.
Her parents, however, were ineligible, leaving her with no choice but to pay the penalty, which amounted to more than S$140,000, including the interest, legal fees and stamp duty.

Unlike a DBSS buyer who has to comply with the HDB's five-year rule, a private property buyer rejecting a unit that he has signed up for is permitted to sell his unit to another buyer.
Blog by at