OVERWHELMING MAJORITY OF PRS ARE HDB OWNER-OCCUPIERS
The Ministry of National Development (MND ) has revealed that over 95 percent of permanent residents (PRs) who own HDB flats are owner-occupants.
This was made known in Parliament after MP for Ang Mo Kio GRC , Ang Hin Kee, asked if PRs are required to occupy the flats they own.
PRs in Singapore MND said exceptions are made for flat owners who have justifiable reasons for being unable to occupy their flats for certain periods of time.
In such cases, flat owners may seek HDB’s approval to sublet their flats, with each approval valid for up to three years. When the permit to sublet expires, the owners must submit a new application if they wish to continue subletting.
Meanwhile, MND also revealed that 2,883 direct-purchase flats were sublet within two years of completing their five-year Minimum Occupation Period (MOP). Of these, 971 were sublet to PRs residing in Singapore
Info courtesy – Propertyguru.com.sg
