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

Roughly 1thousand 7hundred public housing were given up to the Housing and Development Board in the previous five yrs, reported Senior Minister of MND Sim Ann in Parliament on 2 Mar.

Out of these, close to half were 2 room flats, 1/6 were 3 room flats, and also one out of three were four room or possibly larger sized units, she pointed out.

Midtown Bay showflat

Sim developed the statement in response to Member of Parliament Gan Thiam Poh’s questioning on the number of Housing and Development Board public housing resold to HDB, the reason the flats were resold and if HDB may consider presenting these types of public housing on its open up booking procedure.

Sim noticed that close to 1thousand of the surrendered public housing happen to be on brief rent and also comprises studio apartments, 2 room Flexi public housing acquired on a quick rent including flats whose property owners went with LBS.

” Proprietors of brief rental public housing that no longer liked to preserve their public housing or that had ended up being ineligible to carry out so, are demanded to give up their flats to HDB. These people are not even approved to offer these public housing on the market,” she stated.

The various other seven hundred flats were surrendered mainly because of updates in the factors of the owners in their Minimum Occupation Period. Such property owners were not even authorized to sell their Housing and Development Board units on the open market as these individuals had certainly not satisfied their minimum occupation duration.

” The most common factors for cessation of public housing happen to be divorce, separation of fiancé-fiancée relation, and annulment of marriage,” revealed Sim

HDB compensates owners of submitted flats and even resells them through the SBF activities.

“If the public housing continue unselected following the Sale of Balance Flat exercise, they may possibly subsequently be given under open up reservation,” added Sim.

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