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

Roughly 1thousand 7hundred flats were given up to the HDB in the last five yrs, expressed SM of MND Sim Ann in Parliament on 2March.

Based on these, approximately half were 2 room units, 1/6 were three room flats, and one out of three were four room or possibly much bigger flats, she reported.

Sim made the declaration in feedback to Member of Parliament Gan Thiam Poh’s question on the amount of Housing and Development Board units marketed to Housing and Development Board, the issue why the flats were re-selled and if HDB will consider selling these kinds of flats on its open up booking system.

Sim mentioned that close to 1K of the surrendered flats happen to be on short contract and comprises studio apartments, 2 room Flexi units acquired on a short contract along with flats whose proprietors chose Lease Buyback Scheme.

” Owners of quick rent public housing that do not wanted to retain their flats or that had probably gotten unqualified to do so, are required to surrender their flats to Housing and Development Board. These individuals are certainly not permitted to sell these units on the open market,” she said.

Sengkang Grand Residences showflat

The various other 700 units were surrendered mainly because of updates in the circumstances of the proprietors in their Minimum Occupation Period. Such homeowners were certainly not enabled to promote their HDB units on the market as they had certainly not fulfilled their minimum occupation period.

” The most common causes for abandonment of units were divorce, separation of fiancé-fiancée relation, and also recall of matrimony,” pointed out Sim

HDB reimburses property owners of gave up flats furthermore sells them by means of the Sale of Balance Flat activities.

“If the public housing stay unchosen following the SBF exercise, they might subsequently be given in the public reservation,” included Sim.

Add Comment

Your Email address will not be published

error: Content is protected !!