HDB's Policy and Plans on Handling of Flats Acquired Under Ethnic Integration Policy Buyback Assistance Measure

25 Mr Leong Mun Wai asked the Minister for National Development (a) what is HDB’s policy regarding the disposal of flats that have been compulsorily acquired or bought back via the Ethnic Integration Policy buyback assistance measure; (b) how many of such flats currently remain under HDB ownership; and (c) whether HDB has any plans to sell or rent these flats to the public and, if so, how.

Mr Desmond Lee: The Housing and Development Board (HDB) currently owns about 150 units that have been compulsorily acquired by HDB or bought back via the Ethnic Integration Policy buyback assistance measure. These units will generally be offered for sales progressively via HDB’s Sale of Balance Flats exercises and open booking of flats.