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

Roughly 1.7K flats were given up to the Housing and Development Board in the former five yrs, announced SM of MND Sim Ann in Parliament on 2Mar.

Out of these, around fifty percent were two room flats, one out of six were 3 room public housing, as well as one-third were 4 room as well as bigger units, Sim Ann stated.

Royal Green showflat

Sim developed the statement in response to Member of Parliament Gan Thiam Poh’s concern on the quantity of Housing and Development Board public housing marketed to Housing and Development Board, the reason the flats were marketed and if HDB may consider providing these flats on its open booking procedure.

Sim mentioned that close to 1,000 of the surrendered public housing happen to be on short-term contract and also comprises studio units, two room Flexi units acquired on a quick contract along with public housing whose homeowners selected LBS.

” Property owners of short rent flats who no more wished to maintain their units or who had actually ended up being ineligible to accomplish so, are obligated to submit their flats to Housing and Development Board. These people are not at all authorized to sell these public housing on the market,” she mentioned.

The other seven hundred public housing get surrendered mainly due to alterations in the conditions of the property owners in their MOP. Such property owners were not at all authorized to offer their Housing and Development Board flats on the market as these people had not even completed their MOP.

” Among the most frequent causes for abandonment of public housing were divorce, split of fiancé-fiancée relationship, as well as recall of marriage,” said Sim

Housing and Development Board repays owners of submitted flats furthermore offers for sale them thru the SBF exercises.

“If the public housing stand unselected following the Sale of Balance Flat exercise, they may possibly afterwards be offered in the open up booking,” further mentioned Sim.

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