The Serangoon North HUDC Estate has been privatised, clearing the path to a possible collective sale of the entire estate to private property developers. The Housing and Development Board said in a statement on Thursday the estate will be converted into a strata-titled property under the Land Titles (Strata) Act. The privatisation is initiated by residents and a requisite 75 per cent majority support...
Serangoon North HUDC
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,...