Married couple in S’pore agree to divorce to buy another HDB flat to rent out

Photo source:
Photo source:

Here’s a story that would make you either laugh or cry.

But regardless, you’d appreciate its ingenuity if it can really be pulled off.

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.


These are some of the reactions to the story:

If this story were real, not sure whether to laugh or cry.


This article was originally published on MOTHERSHIP.SG

Leave a Reply

Your email address will not be published. Required fields are marked *