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,...
HUDC
A HUDC flat at Shunfu Road has been sold for $1.1 million, a record high in Bishan for this phased-out type of HDB project. At least two other similar-sized HUDC flats have sold for slightly higher prices, but they featured condominium-like facilities. The 1,668 sq ft apartment on a high floor of Block 315 sold at $659 psf. It won HDB resale approval last month but was sold in before government cooling...
I REFER to the letter by Mr Justin Zhuang ('Why it's not right to privatise my HUDC'; Aug 28). HUDC flats were built in the 1970s and 1980s as a housing option for middle-income Singapore citizen families. The scheme to privatise HUDC estates was announced in 1995 as part of the Government's effort to meet the rising aspirations of Singaporeans to own private housing. Privatisation enables the flat...
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...
Fresh revelations about the relationship between the National University of Singapore (NUS) and purchaser Ankerite have surfaced, adding a new twist to the Gillman Heights condominium collective sale brouhaha. Acting for a group of minority owners fighting to scupper the Strata Titles Board's (STB) approval of the S$548-million sale of the property to developer CapitaLand, Senior Counsel Michael Hwang...