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

Roughly 1.7K flats were surrendered to the Housing and Development Board in the prior 5 yrs, stated SM of State for National Development Sim Ann in Parliament on 2March.

Coming from these, approximately 50% were two room public housing, 1 out of 6 were 3 room public housing, and 1 out of three were four room or possibly much bigger public housing, she reported.

Sim made the announcement in action to MP Gan Thiam Poh’s question on the quantity of HDB flats marketed to Housing and Development Board, the reason the flats were resold and if Housing and Development Board would consider extending these sorts of units on its open up booking system.

Sim documented that roughly 1thousand of the given up public housing happen to be on short-term rent and also comprises studio apartments, 2 room Flexi units secured on a short-term lease as well as public housing that property owners opted for Lease Buyback Scheme.

Dairy Farm Residences showflat

” Proprietors of brief rent units who do not desired to keep their flats or that had probably gotten unequipped to perform so, are necessitated to submit their public housing to Housing and Development Board. They are certainly not approved to market these units on the common market,” Sim pointed out.

The further 7hundred flats were submitted primarily due to revisions in the details of the homeowners in their Minimum Occupation Period. These sorts of homeowners were not approved to sell their Housing and Development Board flats on the open market as these individuals had not satisfied their minimum occupation duration.

” Some of the most regular causes for cessation of units happen to be divorce, separation of fiancé-fiancée relation, and also annulment of matrimony,” mentioned Sim

HDB compensates owners of surrendered public housing and also markets these flats via the SBF exercises.

“If the public housing continue to be unchosen after the Sale of Balance Flat activity, they might after that be given under public reservation,” further mentioned Sim.

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