audioo 1st Gear July 18, 2018 Share July 18, 2018 Fake news. If it is true, HDB may have confiscated one of the plats if it is discovered. https://mothership.sg/2018/05/married-couple-divorced-buy-hdb-flat-as-single/?nlarticleid=11561273 Husband and wife agree to a divorce of convenience A husband and wife in Singapore had apparently agreed to divorce — just so that they can each own a HDB flat. This was after they figured marriage is just a status, and by divorcing, they can unlock their Central Provident Fund monies in a different way. Wife bought another flat under singles scheme The couple originally bought a HDB flat together when they got married. It was paid for using the husband’s CPF. The husband is now a cab driver. He is likely to be 54 this year, or somewhere in his mid-fifties. He claims he cannot withdraw his CPF money by next year because it does not meet the Minimum Sum, or Retirement Sum, which is the minimum amount of money needed in your CPF account when you turn 55 before withdrawals can be made. The wife too will not be able to withdraw any CPF money in a few years’ time, since she also does not meet the minimum sum. The plan Husband and wife then divorced. On paper. But they are obviously still very much together. This frees up the wife to buy a HDB flat of her own as a single under the Single Singapore Citizen (SSC) scheme. She is able to get a housing grant for the flat as a second-timer single Singapore citizen applicant. She can pay for it with her CPF — which otherwise would be locked in once she turns 55. The man now owns the first flat as a single. Rental income Since he has lived in the house for longer than the five-year Minimum Occupation Period, he is able to rent it out. The husband then proceeds to live with his now ex-wife in the new flat, while both enjoy the passive income from the rental of the first matrimonial flat — said to be about $2,500 monthly. ↡ Advertisement Link to post Share on other sites More sharing options...
BanCoe Hypersonic July 18, 2018 Share July 18, 2018 Private housing they do ‘decoupling’ HDB they do divorcing ..... it’s only that they avail misuse of grants ..... 1 Link to post Share on other sites More sharing options...
Kusje Supersonic July 18, 2018 Share July 18, 2018 how do authority prove sham divorce? ask sham lor. Link to post Share on other sites More sharing options...
Sdf4786k Twincharged July 18, 2018 Share July 18, 2018 I confess, i have more than 100GB of porn and hard copy also 2.1.jpg https://porns.sg/ PORN’S @ STAR VISTA 1 Vista Exchange Green, #02-09 Singapore 138617 I was once questioned on the expense for an overseas colleague bill. And upon request, I send the infor to india but they mention cannot claim even when I send the link to them. Because he dare not click on the link. Oh well, it was a very tedious validation for him. Link to post Share on other sites More sharing options...
kdash Supersonic July 26, 2018 Share July 26, 2018 @radx @spring @carbon82 Link to post Share on other sites More sharing options...
pegasi 4th Gear August 12, 2018 Share August 12, 2018 (edited) cant believe there are people who resort to such desperate measures just to siam absd to own another property some more is just public housing which appreciation proven to be lower than rate of growth of fixed income in the past decade this is really pathetic Edited August 12, 2018 by pegasi Link to post Share on other sites More sharing options...
Wt_know Supersonic August 12, 2018 Share August 12, 2018 (edited) divorce is to buy 1 or 2 private property without absd la both cannot own 2 hdb/ec ... cant believe there are people who resort to such desperate measures just to siam absd to own another property some more is just public housing which appreciation proven to be lower than rate of growth of fixed income in the past decade this is really pathetic Edited August 12, 2018 by Wt_know Link to post Share on other sites More sharing options...
pegasi 4th Gear August 12, 2018 Share August 12, 2018 (edited) bro, please read post #1 of this thread the husband continue to own the existing HDB the wife was freed up to buy her own HDB Zzzzzzzz "Husband and wife then divorced. On paper. But they are obviously still very much together. This frees up the wife to buy a HDB flat of her own as a single under the Single Singapore Citizen (SSC) scheme. She is able to get a housing grant for the flat as a second-timer single Singapore citizen applicant." divorce is to buy 1 or 2 private property without absd laboth cannot own 2 hdb/ec ... Edited August 12, 2018 by pegasi Link to post Share on other sites More sharing options...
Wt_know Supersonic August 12, 2018 Share August 12, 2018 (edited) divorce already still buy hdb with so much regulations and shackles YOLO to the max ma ... how many times can divorce ... lol bro, please read post #1 of this thread the husband continue to own the existing HDB the wife was freed up to buy her own HDB Zzzzzzzz "Husband and wife then divorced. On paper. But they are obviously still very much together. This frees up the wife to buy a HDB flat of her own as a single under the Single Singapore Citizen (SSC) scheme. She is able to get a housing grant for the flat as a second-timer single Singapore citizen applicant." Edited August 12, 2018 by Wt_know Link to post Share on other sites More sharing options...
pegasi 4th Gear August 12, 2018 Share August 12, 2018 thats why i think this couple is really desperate ... and pathetic divorce already still buy hdb with so much regulations and shacklesYOLO to the max ma ... how many times can divorce ... lol Link to post Share on other sites More sharing options...
Ct3833 Supersonic August 12, 2018 Share August 12, 2018 (edited) cant believe there are people who resort to such desperate measures just to siam absd to own another property some more is just public housing which appreciation proven to be lower than rate of growth of fixed income in the past decade this is really pathetic It is more than avoiding ABSD. A couple canot own more than 1 HDB flat even if one is willing to pay for ABSD. By going through a so call divorce process would allow them to buy a HDB each. Assuming they pay 500k for a HDB, by renting for 2,400 a month would mean they get 6% return of their investment, this is better than OA interest rate and yet get instant withdrawal of insterest instead of being locked in by CPF till 55 year old. If they take up a loan and use CPF OA to pay for installment, they get even better deal because OA will get them better interest rate return than interest rate of bank loan. Edited August 12, 2018 by Ct3833 2 Link to post Share on other sites More sharing options...
pegasi 4th Gear August 12, 2018 Share August 12, 2018 cunning couple! all the more they should be taxed heavily, maybe double of developer tax It is more than avoiding ABSD. A couple canot own more than 1 HDB flat even if one is willing to pay for ABSD. By going through a so call divorce process would wllow them to buy a HDB each.Assuming they pay 500k for a HDB, by renting for 2,400 a month would mean they get 6% return of their investment, this is better than OA interest rate and yet get instant withdrawal of insterest instead of being locked in by CPF till 55 year old. Link to post Share on other sites More sharing options...
Throttle2 Supersonic August 12, 2018 Share August 12, 2018 (edited) thats why i think this couple is really desperate ... and patheticThey should be persecuted and then prosecuted. Muayhahaha Edited August 12, 2018 by Throttle2 Link to post Share on other sites More sharing options...
HungryMonster August 12, 2018 Share August 12, 2018 Nice one!! Link to post Share on other sites More sharing options...
Wt_know Supersonic August 14, 2018 Share August 14, 2018 (edited) after i read it i find no “fault” for the couples ... lol basic survival skill? min sum locked up their entire savings passive rental is the only way out after i sell my hdb can migrate to thailand and withdraw all cpf $$??? if not i may also have to divorce at age 54 ... 54 is the new trend for divorcee ... muahahaha Edited August 14, 2018 by Wt_know Link to post Share on other sites More sharing options...
pegasi 4th Gear August 14, 2018 Share August 14, 2018 thailand is good cheap, fresh, BIG! after i read iti find no “fault” for the couples ... lolbasic survival skill? min sum locked up their entire savingspassive rental is the only way outafter i sell my hdbcan migrate to thailand and withdraw all cpf $$???if not i may also have to divorce at age 54 ...54 is the new trend for divorcee ... muahahaha Link to post Share on other sites More sharing options...
inlinesix Supersonic August 14, 2018 Share August 14, 2018 Deletrd Link to post Share on other sites More sharing options...
RadX Moderator August 14, 2018 Share August 14, 2018 DeletrdEh you Virgin ah Pls dun quote... defeats purpose ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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