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

Approximately 1,700 public housing were given up to the HDB in the last 5 yrs, reported Senior Minister of MND Sim Ann in Parliament on 2Mar.

Among the numbers, near one-half were 2 room flats, 1/6 were three room public housing, as well as one-third were 4 room as well as even bigger public housing, Sim Ann shared.

Sim generated the announcement in feedback to Member of Parliament Gan Thiam Poh’s question on the amount of Housing and Development Board units re-selled to HDB, the reason why the flats were resold and if Housing and Development Board would look at supplying these types of public housing on its public reservation procedure.

The Avenir showflat

Sim documented that about 1thousand of the surrendered public housing happen to be on brief contract and also consists of small apartment, two room Flexi public housing gotten during a short-term lease alongside units that proprietors selected LBS.

” Homeowners of short-term hire public housing that no more desired to maintain their flats or who had come to be ineligible to carry out so, are called for to submit their public housing to HDB. These individuals are certainly not allowed to market these public housing on the market,” she shared.

The other seven hundred public housing get surrendered largely as a result of alterations in the situations of the homeowners in their Minimum Occupation Period. These types of property owners were certainly not allowed to market their Housing and Development Board units on the common market as these people had not at all met their MOP.

” Among the most typical reasons for surrender of flats happen to be divorce, split of fiancé-fiancée couples, and annulment of marriage,” revealed Sim

Housing and Development Board makes up proprietors of entrusted units and also resells them by means of the Sale of Balance Flat routines.

“If the units continue untaken after the Sale of Balance Flat exercise, they might afterwards be provided in the open reservation,” further mentioned Sim.

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