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

Nearly 1,700 public housing were entrusted to the Housing and Development Board in the past five years, shared Senior Minister of MND Sim Ann in Parliament on 2Mar.

Among these, approximately half were two room public housing, 1/6 were 3 room public housing, and also 1 out of 3 were four room or even much bigger public housing, she reported.

Sim made the report in reply to MP Gan Thiam Poh’s question on the quantity of HDB flats resold to Housing and Development Board, the reason the flats were resold and if Housing and Development Board would look at offering these types of public housing on its public reservation process.

Sim noticed that roughly 1K of the surrendered flats happen to be on brief leases as well as comprises studio units, two room Flexi units gotten on a brief hire as well as public housing whose homeowners selected LBS.

” Owners of short contract units that no longer wished to keep their flats or who had ended up being unqualified to carry out so, are obligated to give up their flats to HDB. These individuals are not even permitted to offer these public housing on the common market,” Sim expressed.

Perfect Ten showflat

The various other seven hundred public housing were surrendered primarily because of adjustments in the circumstances of the owners in their MOP. These kinds of property owners were not enabled to offer their HDB flats on the market as these individuals had not at all fulfilled their minimum occupation duration.

” Among the most typical reasons for surrender of public housing happen to be divorce, split of fiancé-fiancée couples, and also annulment of matrimony,” expressed Sim

Housing and Development Board reimburses proprietors of gave up flats furthermore sells these units via the SBF exercises.

“If the public housing continue to be unselected after the SBF routine, they may possibly then be offered under open booking,” added Sim.

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