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

About 1thousand 7hundred flats were surrendered to the HDB in the past five yrs, pointed out Senior Minister of State for National Development Sim Ann in Parliament on 2 March.

Coming from these, about one-half were two room public housing, one-sixth were three room flats, and one-third were four room or possibly much bigger flats, Sim Ann revealed.

Sim prepared the declaration in feedback to Member of Parliament Gan Thiam Poh’s questioning on the amount of HDB flats marketed to Housing and Development Board, the reason the flats were marketed also if Housing and Development Board will take into consideration providing these sorts of public housing on its open booking process.

Parc Canberra showflat

Sim noticed that almost 1thousand of the surrendered flats happen to be on short hire and also comprises small apartment, 2 room Flexi public housing secured during a short rental along with public housing that owners selected Lease Buyback Scheme.

” Proprietors of brief lease public housing that do not desired to maintain their units or who had already become ineligible to do so, are obligated to submit their units to Housing and Development Board. They are certainly not permitted to market these public housing on the market,” she revealed.

The various other 7hundred flats get submitted largely due to adjustments in the circumstances of the property owners in their Minimum Occupation Period. These sorts of proprietors were certainly not approved to promote their Housing and Development Board units on the common market as they had not satisfied their MOP.

” Among the most common factors for cessation of public housing were divorce, separation of fiancé-fiancée relationship, as well as cancellation of matrimony,” pointed out Sim

HDB reimburses proprietors of submitted flats furthermore sells these units by means of the SBF activities.

“If the public housing remain untaken following the SBF exercise, they may possibly after that be given in the open up reservation,” further mentioned Sim.


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