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

Almost 1.7K public housing were submitted to the HDB in the previous five yrs, reported SM of MND Sim Ann in Parliament on 2Mar.

One North Eden showflat

Based on the numbers, near fifty percent were two room units, 1/6 were three room public housing, and 1/3 were 4 room or larger flats, Sim Ann stated.

Sim made the declaration in action to MP Gan Thiam Poh’s questioning on the quantity of Housing and Development Board flats marketed to Housing and Development Board, the cause why the flats were re-selled and if HDB may think about extending these sorts of units on its open up reservation process.

Sim noted that almost one thousand of the surrendered units were on short-term contract and comprises studio apartments, two room Flexi public housing gotten on a short rent in addition to public housing that owners chose Lease Buyback Scheme.

” Homeowners of short-term lease flats that do not desired to possess their public housing or that had probably come to be unsuitable to perform so, are called for to entrust their units to Housing and Development Board. They are not even authorized to resell these units on the market,” Sim pointed out.

The further 7hundred flats were surrendered mostly caused by modifications in the situations of the property owners in their MOP. These types of homeowners were not enabled to market their HDB units on the common market as these people had not even completed their minimum stay period.

” Among the most frequent factors for abandonment of units happen to be divorce, break-up of fiancé-fiancée relation, and also annulment of marriage,” claimed Sim

Housing and Development Board refunds homeowners of submitted flats also markets these units through the Sale of Balance Flat routines.

“If the units continue to be untaken following the Sale of Balance Flat exercise, they may afterwards be provided under open reservation,” included Sim.

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