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.
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. Full story
