30 Mar '17, 2pm

New post added at LushHomeMedia - Braddell View becomes last HUDC estate to be privatised

The last of Singapore’s Housing and Urban Development Company (HUDC) estates has been privatised, it was announced on Friday (Mar 17). Braddell View estate has obtained the required 75 per cent majority support from flat owners to proceed with the privatisation, said the Housing and Development Board (HDB) in a press release. With effect from Friday, it will be converted into a strata-titled estate under the Land Titles (Strata) Act, which means it will no longer be governed by the HUDC Housing Estates Act. Braddell View, which comprises 918 flats and two shops, is the largest among 18 estates that were introduced by the then Housing and Urban Development Company in the 1970s and 1980s for middle-income families. In 1995, it was announced that HUDC estates could be privatised, as part of the Government’s effort to meet the rising aspirations of Singaporeans to own private ...

Full article: http://www.lushhomemedia.com/manage_posts/2017/03/30/brad...

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