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

Almost 1.7K public housing were given up to the HDB in the earlier five years, reported Senior Minister of MND Sim Ann in Parliament on 2 March.

Among the numbers, about half were 2 room public housing, 1/6 were 3 room flats, and also one-third were 4 room or possibly larger sized public housing, she revealed.

Sim put together the announcement in reaction to MP Gan Thiam Poh’s inquiry on the quantity of HDB flats marketed to HDB, the cause why the flats were re-selled also if HDB will consider granting such public housing on its open reservation system.

Parc Greenwich showflat

Sim recorded that near 1,000 of the submitted units were on brief leases as well as comprises studio flats, 2 room Flexi flats secured on a brief rental in addition to units that homeowners selected LBS.

” Property owners of short hire units who no longer liked to maintain their flats or that had turned out ineligible to do so, are demanded to entrust their flats to HDB. They are certainly not approved to offer for sale these public housing on the common market,” Sim announced.

The other seven hundred flats were surrendered largely caused by revisions in the circumstances of the proprietors in their Minimum Occupation Period. Such homeowners were not authorized to offer their HDB flats on the common market as these people had certainly not satisfied their minimum stay period.

” The most regular causes for abandonment of flats were divorce, separation of fiancé-fiancée relation, as well as cancellation of marriage,” reported Sim

Housing and Development Board compensates property owners of surrendered units and also promotes them thru the Sale of Balance Flat routines.

“If the flats stand unchosen after the Sale of Balance Flat activity, they may possibly then be made available under open reservation,” included Sim.

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