05 Oct '17, 3am

7 ex-HUDC estates have begun en bloc process

An aerial view of Rio Casa, a 286-unit development at Hougang Avenue 7. Four former Housing and Urban Development Company (HUDC) estates have changed hands so far this year via en bloc sale — the highest in any year, reported Channel NewsAsia. These are Rio Casa, Eunosville, Serangoon Ville and Tampines Court. This brought the overall number of ex- HUDC estates sold through collective sale to 11, but the seven remaining ones are already at some point in the en bloc process as of Monday (3 October). For instance, Lakeview and Braddell View are considering to form a collective sales committee this month, while Chancery Court is looking for a marketing agent. Pine Grove, Laguna Park and Ivory Heights have already hired marketing agents, whereas Florence Regency is re-looking its bids. Constructed in the 1970s and 80s, HUDC estates caters to middle-income families who can affo...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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