About 1,700 Flats Surrendered To HDB In Last 5 Years, Says MND
About 1.7K public housing were surrendered to the HDB in the past 5 yrs, pointed out Senior Minister of State for National Development Sim Ann in Parliament on 2 Mar.
Out of the numbers, near half were two room flats, one-sixth were 3 room public housing, and also one-third were four room or even much bigger flats, she claimed.
Sim prepared the announcement in reaction to MP Gan Thiam Poh’s concern on the amount of HDB flats resold to HDB, the factor why the flats were marketed and if Housing and Development Board may think of supplying these kinds of public housing on its public booking arrangement.
Sim noticed that roughly 1K of the given up public housing happen to be on short-term hire and consists of small apartment, two room Flexi public housing secured on a quick rental including public housing that proprietors selected Lease Buyback Scheme.
” Homeowners of short-term contract public housing who no longer wished to hold on to their public housing or who had already gotten unqualified to execute so, are obliged to submit their public housing to Housing and Development Board. These individuals are not at all authorized to promote these public housing on the open market,” she mentioned.
The other seven hundred units were given up generally as a result of updates in the circumstances of the owners in their MOP. These types of property owners were not at all permitted to offer for sale their Housing and Development Board flats on the open market as these individuals had not completed their minimum occupation period.
” The most regular reasons for surrender of flats happen to be divorce, split of fiancé-fiancée couples, and also dissolve of marital relationship,” pointed out Sim
Housing and Development Board reimburses owners of submitted units and even offers for sale them thru the Sale of Balance Flat activities.
“If the flats stay unselected after the SBF activity, they might subsequently be provided under open reservation,” added Sim.