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

Almost 1thousand 7hundred public housing were submitted to the Housing and Development Board in the former five yrs, announced SM of State for National Development Sim Ann in Parliament on 2Mar.

Based on these, approximately fifty percent were two room units, one-sixth were three room flats, and also 1/3 were 4 room or possibly even bigger flats, she said.

Sim arranged the statement in respond to Member of Parliament Gan Thiam Poh’s questioning on the quantity of HDB flats re-selled to HDB, the reason the flats were resold and if Housing and Development Board will think of selling such flats on its open reservation process.

Provence Residence showflat

Sim recorded that about 1thousand of the surrendered units happen to be on short-term hire and comprises studio units, two room Flexi public housing acquired during a short-term hire including units that proprietors chose LBS.

” Property owners of short rental flats who no more desired to keep their public housing or that had gotten unsuitable to carry out so, are necessitated to entrust their flats to HDB. These people are not even allowed to offer for sale these public housing on the open market,” Sim reported.

The various other 7hundred flats get entrusted mainly caused by alterations in the conditions of the owners in their MOP. These types of owners were not even approved to resell their HDB flats on the market as these people had not even met their MOP.

” The most frequent factors for surrender of public housing were divorce, split of fiancé-fiancée couples, as well as recall of matrimony,” shared Sim

Housing and Development Board reimburses property owners of surrendered flats also offers them through the SBF activities.

“If the units stand unchosen following the Sale of Balance Flat routine, they might subsequently be made available in the open booking,” included Sim.

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