{"id":76294,"date":"2018-01-11T09:35:13","date_gmt":"2018-01-11T02:35:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/118-hdb-flats-involved-in-mortgagee-sales\/"},"modified":"2018-01-11T10:03:12","modified_gmt":"2018-01-11T03:03:12","slug":"118-hdb-flats-involved-in-mortgagee-sales","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/118-hdb-flats-involved-in-mortgagee-sales\/","title":{"rendered":"118 HDB flats involved in mortgagee sales"},"content":{"rendered":"


\nThere had been 118 cases of completed mortgagee sales involving HDB flats from January 2013 to November 2017, according to a parliamentary reply from the Ministry of National Development on Wednesday (10 January).
\nIt stated this in response to a question from Gan Thiam Poh, Member of Parliament (MP) for Ang Mo Kio Group Representation Constituency (GRC).
\nNotably, mortgagee sales happen when people default on their housing loans, resulting in banks auctioning off the property to reclaim the amount they lent plus interest.
\nGan also asked how many flat lessees have approached the Housing and Development Board (HDB) with the intention of selling their flats to the government agency, as they were unable to dispose the unit via the open market.
\n\u201cHDB does not buy back flats from flat owners and does not keep records of requests by flat owners who wish to sell their flats to HDB,\u201d replied the Ministry, adding that flat owners who have fulfilled the five-year minimum occupation period (MOP) are allowed to sell their units in the open market.
\nThe Housing Board does not meddle in such transactions mutually agreed upon by the seller and buyer, it said in response to Gan\u2019s query on how the government agency assists sellers in disposing their flats.
\n\u201cHDB does, however, facilitate the sale of flats on the open market through measures such as publishing information on recent resale transactions on its website, and providing a resale checklist to guide sellers and buyers through the process.\u201d
\nFurthermore, Gan asked how many flats have been sold by lessees with the sale proceeds being insufficient to return to their individual accounts with the Central Provident Fund (CPF).
\nThe Ministry answered that these numbered about six percent of the total HDB flats transacted in the open market between January 2013 and November 2017.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…118 HDB flats involved in mortgagee sales<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111439,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-need-to-make-flat-sizes-smaller-mnd\/","url_meta":{"origin":76294,"position":1},"title":"No need to make flat sizes smaller, MND","date":"October 8, 2019","format":false,"excerpt":"\r The Ministry of National Development said existing two-room Flexi Build-to-Order flats within non-mature estates are already affordable housing options for singles.\u00a0 There is no need to make flat sizes smaller as the existing two-room Flexi units offered by the government already provide affordable housing options for singles, said the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55211,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8748-flats-for-sale-in-may\/","url_meta":{"origin":76294,"position":2},"title":"HDB launches 8,748 flats for sale in May","date":"May 18, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the Woodleigh Hillside BTO project in Bidadari estate. (Image source: HDB) The Housing and Development Board (HDB) launched 8,748 flats on Thursday (18 May) in its latest sales exercise. They comprise 4,802 Build-To-Order (BTO) units spread across six projects in Woodlands, Yishun, Bidadari (Toa Payoh) and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-6753-flats-in-may\/","url_meta":{"origin":76294,"position":3},"title":"HDB launches 6,753 flats in May","date":"May 23, 2019","format":false,"excerpt":"\r They comprise of 3,485 BTO and 3,268 SBF units.\u00a0 The Housing and Development Board (HDB) launched 6,753 flats for sale under its latest Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. This comprises 3,485 BTO and 3,268 SBF units. The BTO flats are spread across four projects, three\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79011,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4381-hdb-flats-in-february\/","url_meta":{"origin":76294,"position":4},"title":"HDB launches 4,381 HDB flats in February","date":"February 6, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Tampines GreenFoliage BTO project. (Photo: HDB) The Housing and Development Board (HDB) launched 4,381 flats for sale on Tuesday (6 February) under its latest sales exercise. This includes 3,664 Build-To-Order (BTO) and 717 balance flats. The BTO flats will be spread across five projects in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/02\/Feb-2018-BTO-prices-1024x685.jpg?fit=1024%2C685&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":96854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-5000-flats-offered-in-hdbs-august-sales-exercise\/","url_meta":{"origin":76294,"position":5},"title":"Over 5,000 flats offered in HDB\u2019s August sales exercise","date":"August 29, 2018","format":false,"excerpt":"\r The Housing and Development Board (HDB) has launched 5,101 flats for sale under the August 2018 Build-To-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise. \u00a0The 4,375 BTO units on offer are spread across four projects in Punggol and Yishun, said the HDB in a release on Tuesday (28\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/76294"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=76294"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/76294\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=76294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=76294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=76294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}