Flexi Flats Returned to HDB after Demise of Owners
Parliament of Singapore · 10 July 2018
Official Report, 10 July 2018, Vol 94, Issue 79 · Open in the reader (summaries, search, filters)
Mr Png Eng Huat asked the Minister for National Development as of June 2018 (a) how many 2-room flexi flats sold to elderly Singaporeans have been returned to HDB due to the demise of the owner; and (b) how soon are these flats put on sale again; and (c) whether HDB informs buyers that these flats are pre-owned units.
Mr Lawrence Wong: Under the 2-room Flexi scheme, elderly Singaporeans can buy a 2-room Flexi flat on a shorter lease of 15 to 45 years.
From August 2015, when the scheme was introduced, till June 2018, 3 short-lease flats have been returned to HDB due to the demise of the elderly owner.
HDB puts the returned flats that are ready for sale in the next available Sale of Balance Flats (SBF) exercise, where they are indicated as “repurchased flats”. This information is also provided in the invitation package provided to shortlisted applicants before the selection appointments.
Source: Singapore Parliament Official Report (Hansard) for 10 July 2018. Republished on SGParliament.