The government has identified three HUDC estates for privatisation. The estates are located at Hougang North Neighbourhood 3, Hougang North Neighbourhood 7, and Potong Pasir. The Ministry of National Development (MND) said the three estates comprise a total of 797 of apartments and maisonettes. Real estate agents said the news could affect prices of these properties, which may rise 5 to 7 per...
HUDC Privatisation
SOME 17 months after the idea was mooted, a proposal to privatise an HUDC estate in Hougang remains in limbo. This, despite the fact that to date, 282 resident owners have voted in favour of it, more than the 75 per cent required. The Housing and Development Board (HDB) says that it is still working out the conversion costs. However, some residents wish that the HDB could act faster to decide on the...