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

Around 1.7K flats were submitted to the Housing and Development Board in the past 5 yrs, expressed Senior Minister of MND Sim Ann in Parliament on 2 March.

Coming from these, near half were two room public housing, 1/6 were three room units, as well as one-third were 4 room or even much bigger units, she expressed.

Sim generated the announcement in reply to MP Gan Thiam Poh’s inquiry on the total of Housing and Development Board public housing marketed to Housing and Development Board, the reason the flats were resold and if HDB will take into consideration presenting such flats on its open reservation arrangement.

Sim mentioned that approximately one thousand of the given up public housing happen to be on short-term rental as well as makes up studio units, two room Flexi public housing secured on a brief rent and also public housing that homeowners opted for Lease Buyback Scheme.

” Homeowners of quick rental flats who do not wished to hold on to their units or who had ended up being unsuitable to accomplish so, are obligated to entrust their units to HDB. They are not even enabled to promote these public housing on the common market,” Sim said.

Leedon Green showflat

The other 700 units were submitted largely because of modifications in the circumstances of the property owners in their MOP. These types of homeowners were not even enabled to offer for sale their Housing and Development Board units on the common market as these individuals had certainly not fulfilled their minimum stay duration.

” The most frequent causes for cessation of units happen to be divorce, separation of fiancé-fiancée couples, as well as dissolve of matrimony,” mentioned Sim

HDB reimburses proprietors of gave up public housing and offers for sale them through the SBF routines.

“If the flats stay unchosen following the Sale of Balance Flat exercise, they may then be made available in the open booking,” included Sim.

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