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

Around 1thousand 7hundred public housing were surrendered to the Housing and Development Board in the prior 5 years, reported Senior Minister of MND Sim Ann in Parliament on 2 Mar.

Among the numbers, about one-half were 2 room flats, one-sixth were three room public housing, as well as one out of 3 were four room or even bigger units, Sim Ann announced.

Penrose showflat

Sim prepared the announcement in reaction to MP Gan Thiam Poh’s concern on the sum of Housing and Development Board public housing re-selled to HDB, the reason the flats were re-selled also if Housing and Development Board would take into consideration presenting these types of flats on its open booking system.

Sim observed that near one thousand of the surrendered units happen to be on short rent as well as makes up studio apartments, 2 room Flexi public housing secured on a quick hire in addition to units that owners took LBS.

” Property owners of brief contract units who no more desired to preserve their flats or that had actually ended up being unequipped to execute so, are obliged to surrender their units to Housing and Development Board. These people are not even approved to sell them on the common market,” she reported.

The further seven hundred public housing were entrusted primarily due to changes in the factors of the property owners in their MOP. These types of owners were not enabled to market their HDB flats on the common market as they had not fulfilled their MOP.

” Among the most usual causes for surrender of public housing were divorce, break-up of fiancé-fiancée relationship, as well as cancellation of marriage,” reported Sim

Housing and Development Board refunds property owners of gave up flats and resells these units by means of the Sale of Balance Flat exercises.

“If the units continue to be unselected after the SBF activity, they might possibly subsequently be provided under open reservation,” further mentioned Sim.

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