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

Nearly 1.7K public housing were submitted to the HDB in the earlier five years, revealed SM of MND Sim Ann in Parliament on 2 March.

Among the numbers, approximately 50 percent were two room flats, one-sixth were three room units, and also 1/3 were four room or even bigger flats, Sim Ann revealed.

Sim made the declaration in reply to Member of Parliament Gan Thiam Poh’s inquiry on the amount of Housing and Development Board units marketed to Housing and Development Board, the reason the flats were resold and also if HDB would look at providing these types of public housing on its open booking process.

Sim documented that around 1K of the submitted units happen to be on short-term rental as well as makes up small apartment, two room Flexi units obtained during a quick rent and also flats that owners selected Lease Buyback Scheme.

Piermont Grand showflat

” Owners of brief lease flats that no longer wanted to hold on to their units or that had gotten unqualified to execute so, are called for to surrender their units to Housing and Development Board. These people are not enabled to promote these units on the common market,” Sim claimed.

The various other 7hundred flats were surrendered primarily because of adjustments in the details of the proprietors in their MOP. These sorts of property owners were certainly not enabled to market their HDB flats on the market as these individuals had not at all met their minimum stay duration.

” Some of the most frequent reasons for abandonment of units were divorce, separation of fiancé-fiancée relationship, as well as cancellation of marriage,” mentioned Sim

HDB compensates proprietors of submitted public housing and also promotes them thru the SBF routines.

“If the flats continue to be untaken following the SBF exercise, they may afterwards be offered under open up booking,” added Sim.

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