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

Around 1,700 public housing were surrendered to the HDB in the past five years, revealed Senior Minister of MND Sim Ann in Parliament on 2Mar.

Coming from these, near 50% were two room flats, one out of six were 3 room flats, and 1/3 were 4 room or possibly even bigger units, Sim Ann expressed.

Sim made the report in feedback to MP Gan Thiam Poh’s questioning on the quantity of Housing and Development Board public housing marketed to Housing and Development Board, the explanation why the flats were resold and if Housing and Development Board will look at presenting these public housing on its public booking procedure.

Sim noticed that almost 1,000 of the submitted units happen to be on quick rental and consists of studio flats, 2 room Flexi flats acquired during a quick rental including units whose homeowners opted for LBS.

Avenue South Residence showflat

” Proprietors of short lease public housing that no longer desired to hold on to their public housing or that had probably turned out unsuitable to execute so, are required to surrender their flats to Housing and Development Board. These people are not even approved to sell these units on the open market,” Sim pointed out.

The various other seven hundred units were surrendered mostly as a result of revisions in the details of the homeowners in their Minimum Occupation Period. These kinds of owners were not even authorized to resell their HDB flats on the common market as these individuals had not fulfilled their minimum occupation period.

” Among the most typical reasons for abandonment of public housing happen to be divorce, split of fiancé-fiancée relation, and dissolve of matrimony,” announced Sim

HDB refunds proprietors of surrendered public housing and also offers for sale them by means of the SBF activities.

“If the public housing continue to be untaken after the SBF activity, they may possibly subsequently be made available under public booking,” added Sim.

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