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

Nearly 1,700 public housing were given up to the HDB in the past five yrs, claimed SM of State for National Development Sim Ann in Parliament on 2 Mar.

Based on the numbers, roughly fifty percent were 2 room public housing, 1/6 were three room units, and also 1/3 were 4 room or even much bigger public housing, Sim Ann announced.

Sim prepared the report in feedback to Member of Parliament Gan Thiam Poh’s inquiry on the figure of Housing and Development Board public housing marketed to Housing and Development Board, the reason the flats were re-selled also if Housing and Development Board would take into consideration extending such flats on its public reservation arrangement.

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Sim documented that near 1,000 of the given up public housing were on short leases as well as makes up studio apartments, two room Flexi flats obtained during a quick rent in addition to public housing whose homeowners opted for Lease Buyback Scheme.

” Proprietors of quick lease flats that no longer desired to retain their flats or who had probably gotten unsuitable to carry out so, are obligated to submit their flats to Housing and Development Board. These people are not even enabled to sell these units on the common market,” she mentioned.

The other 700 units were submitted largely caused by updates in the situations of the property owners in their MOP. These sorts of owners were not even enabled to resell their Housing and Development Board flats on the market as these people had certainly not completed their minimum occupation duration.

” The most typical reasons for cessation of units happen to be divorce, separation of fiancé-fiancée relation, and also cancellation of marriage,” revealed Sim

Housing and Development Board makes up proprietors of gave up flats and promotes these flats through the Sale of Balance Flat routines.

“If the units remain unchosen following the SBF exercise, they may possibly afterwards be given in the open booking,” added Sim.