About 1,700 Flats Surrendered To HDB In Last 5 Years, Says MND

Roughly 1.7K flats were entrusted to the HDB in the former five years, shared SM of State for National Development Sim Ann in Parliament on 2Mar.

Out of these, almost 50 percent were 2 room public housing, 1/6 were 3 room flats, and 1 out of 3 were 4 room or even bigger public housing, Sim Ann said.

Sim made the report in reaction to MP Gan Thiam Poh’s concern on the amount of HDB public housing re-selled to HDB, the reason the flats were resold and if HDB will take into consideration supplying these public housing on its open booking procedure.

Sim noticed that approximately 1thousand of the submitted flats were on short leases and also makes up small apartment, two room Flexi units gotten during a short rental in addition to units whose property owners chose Lease Buyback Scheme.

The Landmark showflat

” Proprietors of short contract flats who no longer wanted to preserve their public housing or who had probably turned out ineligible to do so, are obligated to entrust their flats to Housing and Development Board. These individuals are certainly not enabled to market them on the common market,” Sim mentioned.

The various other 700 public housing were given up generally due to adjustments in the factors of the proprietors in their MOP. These kinds of proprietors were not even permitted to offer for sale their HDB flats on the market as these individuals had certainly not met their minimum stay duration.

” Some of the most typical reasons for abandonment of public housing happen to be divorce, separation of fiancĂ©-fiancĂ©e relationship, and also annulment of marriage,” shared Sim

Housing and Development Board makes up proprietors of gave up flats and markets these flats thru the SBF activities.

“If the flats stay untaken following the Sale of Balance Flat routine, they might possibly then be made available in the open up booking,” added Sim.

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