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Want to BTO?
That’s basically Singaporean lingo for, “will you marry me?”.
Yes, asking the love of your life if you want to dump their life savings into a new home together is not the most romantic way to propose, but it’s definitely 100 per cent Singaporean.
It’s not an unusual initiation too (not that we advocate it), because in Singapore, fresh Build to Order (BTO) HDB flats typically take three to four years to be ready. That’s precisely why kiasu couples who are worried about having to wait for their matrimonial home may jump the gun before tying the knot.
And it’s also this proposition that has gotten many into a financial pickle, especially when your partner decides to break off the engagement just before you both can say “I do”.
In such cases, you could stand to lose anything from $10, up to $100,000 depending on the type of home purchased and at which point in the process you two decide to call it off.
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