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Alamak, Don't Know What Would Be Left For Me To Choose.


Yeobt
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Hi Yeobt, when you applied for your BTO did HDB mentioned that you as 2nd time application? Cos 2nd time application chances are very low to get a flat. Also 2nd time application must pay a $45000 levy to HDB.

 

yes, they know.

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So you applied as a 2nd timer and still got a slot in the ballot. But you give it up due to location not good.

Yup. Small percentage is allocated to 2nd timer. HDB changed their estate planning. So I changed my mind lor. I don't think I'm the only one opt out. This is norm, that's why HDB has a penalty scheme in place to minimise opt out rate.

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Yup. Small percentage is allocated to 2nd timer. HDB changed their estate planning. So I changed my mind lor. I don't think I'm the only one opt out. This is norm, that's why HDB has a penalty scheme in place to minimise opt out rate.

What's the penalty for opting out?

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