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

Nearly 1,700 public housing were surrendered to the Housing and Development Board in the past five yrs, mentioned Senior Minister of MND Sim Ann in Parliament on 2March.

Out of these, almost fifty percent were two room public housing, one out of six were 3 room units, and 1/3 were four room or even bigger public housing, Sim Ann revealed.

Sim put together the statement in response to Member of Parliament Gan Thiam Poh’s question on the sum of Housing and Development Board units re-selled to Housing and Development Board, the reason the flats were re-selled and if HDB will take into consideration providing such flats on its public reservation arrangement.

Sim recorded that about 1thousand of the submitted flats happen to be on brief contract and also comprises studio units, two room Flexi units obtained on a quick rent along with public housing that owners selected Lease Buyback Scheme.

” Owners of short-term hire flats who no longer desired to keep their units or that had actually gotten unequipped to carry out so, are obligated to entrust their units to HDB. These individuals are not at all approved to resell these public housing on the market,” Sim revealed.

Riviere showflat

The other seven hundred public housing were surrendered largely as a result of adjustments in the conditions of the owners in their Minimum Occupation Period. These types of proprietors were certainly not allowed to offer their Housing and Development Board units on the market as these individuals had certainly not completed their MOP.

” Among the most regular reasons for cessation of units happen to be divorce, break-up of fiancé-fiancée couples, and cancellation of matrimony,” claimed Sim

Housing and Development Board reimburses owners of gave up units furthermore promotes them by means of the Sale of Balance Flat activities.

“If the public housing remain untaken after the Sale of Balance Flat routine, they might then be made available under open up reservation,” added Sim.