The last of Singapore's Housing and Urban Development Company (HUDC) estates has been privatised, it was announced on Friday (Mar 17). Braddell View estate has obtained the required 75 per cent majority support from flat owners to proceed with the privatisation, said the Housing and Development Board (HDB) in a press release. With effect from Friday, it will be converted into a strata-titled estate...
HUDC Privatisation
The HUDC estate at Hougang Avenue 7 has been privatised under the Land Titles (Strata) Act, after it obtained the required 75 per cent majority support, the Housing and Development Board (HDB) said on Friday (June 13). This means that the Aljunied-Hougang-Punggol East Town Council is no longer responsible for managing and maintaining the common properties of the estate, which comprises 286 units of...
The Braddell View management committee said more than 80 per cent of flat owners have agreed to the privatisation of the HUDC estate, as of January 28. This is already more than the 75 per cent mandate required for privatisation. Residents have to pay a top-up to harmonise the two leases on which the estate is built, which have different expiry dates. The committee said according to the chief...
Analysts have said the collective sales of large Collective sale projects will remain challenging amid a slowing property market. Of the 13 HUDC estates that have been legally privatised so far, only five have successfully completed the en bloc deal. Braddell View is the last of 18 HUDC estates to be announced for privatisation. Analysts said that should it go through, residents will have greater...
Parliament has passed amendments to the HUDC Housing Estates Act to allow Braddell View residents to have the option of privatisation, should they decide to do so. Speaking in Parliament on Monday, Minister of State for National Development Lee Yi Shyan said: "Privatisation will allow Braddell View flat owners to own private housing and have control over the management and maintenance of their...
The Ministry of National Development has proposed an amendment to the HUDC Housing Estates Act. This is to primarily facilitate the privatisation of Braddell View. Braddell View - the only HUDC estate left governed by the act - was developed on two different land leases with separate expiry dates. In order to privatise the estate, the different dates need to be harmonised. The existing act empowers the...
Property buyers who are willing to pay top dollar for a unit at Braddell View for its en bloc potential may face a long wait. The route towards a possible collective sale of the HUDC estate looks like a long and bumpy one, with the unique status of the development throwing up obstacles along the way. Braddell View while having facilities such as a clubhouse and swimming pool - suggesting a private...
The Eunosville HUDC Estate was privatised on Wednesday. With the privatisation, the individual owners of the 330-unit estate now own their respective units, as well as the common property such as the car parks and open landscaped areas. HDB said the Marine Parade Town Council will therefore cease its responsibility in the management and maintenance of the common properties of the estate with effect from...
Seven blocks of HUDC flats in opposition-held Hougang will be privatised, after residents voted strongly for the move. They are blocks 344 to 350 in Hougang, Avenue 7. In the mandate exercise conducted in February, 81.5 per cent or 233 units voted for privatisation. The results were announced by the protem committee at Hougang Community Club on Saturday. The road to privatisation took two-and-a-half...
The Housing and Urban Development Company (HUDC) estate in Serangoon North is three signatures away from achieving privatisation. 180 of the 244 households have already signed up - just 1.2 per cent shy of the 75 per cent minimum needed for the proposal. Key benefits of privatising HUDC estates are that home owners will be able to manage their estates and build facilities typically found in condominiums,...