29 Jan '14, 3am

HUDC era comes to an end | | @SGPropertyGuru | #sgproperty #singapore #hudc

Comment E-mail to friend Bookmark & Share The Braddell View HUDC development (pictured) will be privatised, according to a statement from the Ministry of National Development (MND), and so ending the era of the HUDC estates in Singapore. Braddell View is the last of 18 HUDC estates to be announced for privatisation. It consists of 918 flats and two shops. As Braddell View was developed in two phases on two separate land leases with different expiry dates, the two leases will have to be harmonised to have the same expiry dates before privatisation can begin. The existing land leases of the Phase 1 land parcel will be topped-up to be on par with the Phase 2 land parcel. A payment of land premium is required for the top-up and the amount will be determined by the Chief Valuation Office. The existing management committee, elected by the homeowners, will handle the privatisatio...

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

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