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

Nearly 1,700 public housing were entrusted to the HDB in the previous five yrs, reported SM of MND Sim Ann in Parliament on 2Mar.

Among these, near 50 percent were 2 room units, one out of 6 were three room public housing, and also one-third were 4 room or larger sized public housing, Sim Ann shared.

Sim developed the announcement in action to MP Gan Thiam Poh’s question on the figure of Housing and Development Board units marketed to Housing and Development Board, the reason the flats were resold and also if Housing and Development Board may take into consideration providing these types of flats on its open up booking process.

Sim observed that close to one thousand of the entrusted flats were on short rent and also makes up small apartment, two room Flexi units secured on a short rent including units that owners went with Lease Buyback Scheme.

” Property owners of quick rent units that no more desired to keep their public housing or that had actually become ineligible to accomplish so, are required to surrender their public housing to Housing and Development Board. These people are not at all allowed to offer these public housing on the open market,” she expressed.

Liv @ MB showflat

The various other seven hundred public housing get entrusted generally because of adjustments in the factors of the property owners in their Minimum Occupation Period. These kinds of homeowners were not even allowed to market their Housing and Development Board units on the common market as these individuals had not met their MOP.

” The most frequent reasons for surrender of flats were divorce, separation of fiancé-fiancée couples, and recall of marital relationship,” pointed out Sim

HDB repays homeowners of surrendered units and offers them via the SBF routines.

“If the flats stay unselected following the SBF exercise, they might possibly afterwards be provided in the public reservation,” included Sim.

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