Duration of Vacancy of Flats under Lease Buyback Scheme and under Relaunch of SBF Exercise in Past 10 Years

60 Mr Chua Kheng Wee Louis asked the Minister for National Development (a) what is the median, average, and longest duration between HDB's repossession of a flat under the Lease Buyback Scheme and the relaunch of the same unit in a Sale of Balance Flats exercise in the past 10 years; and (b) whether HDB has internal KPIs relating to the vacancy period of repossessed flats under the scheme.

Mr Chee Hong Tat: After flats are returned under the Lease Buyback Scheme, the Housing and Development Board conducts sprucing works, which typically take up to six months depending on factors, such as the condition of the returned flat and extent of works required. These flats are then offered for sale as soon as possible under the next Sale of Balance Flats exercise.