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THREE HUDC ESTATES FOR PRIVATISATION
The Ministry of National Development has identified the seventh batch of HUDC estates for privatisation (see Annex A for background on HUDC estates). The three HUDC estates designated for privatisation are:
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a. |
Hougang North Neighbourhood 3 (Phase IV) |
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b. |
Hougang North Neighbourhood 7 (Phase IV); and |
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c. |
Potong Pasir (Phase IV) HUDC estates. |
2 These three estates comprise a total of 797 flats (details are given in Annex B).
Process of Privatisation
3 To privatise the HUDC estates, residents will have to obtain at least 75% support for the privatisation before they can lodge a Strata Titles Application with the Registry of Titles for the issuance of subsidiary strata certificates of title for their flats. They will also have to seek HDB's consent as the landlord for the privatisation. The process of legal transfer of title from HDB to the flat owners will take about 2½ years.
4 The residents of each estate will have to form a protem committee comprising resident representatives to act on their behalf. The protem committee will garner support for the privatisation and also liaise with HDB and other organisations on all matters relating to the privatisation process.
5 Currently, lessees in these three estates do not own the common property, such as the car parks and landscaped areas. Upon the conversion to strata titles, they will own their respective strata units as well as the common property as tenants-in-common. They will have to form a management council to look after the management and maintenance of their estate.
Privatisation Cost
6 The HUDC lessees will have to pay the costs for privatisation. This includes legal and survey cost, cost of land transfer etc, and is capped at $30,000 per flat for the two designated HUDC estates currently undergoing the privatisation process, namely Eunosville and Bishan (Shunfu) estates.
7 With the changes in property market in recent years and heightened interest in en bloc sales, the redevelopment potential of the estate needs to be considered in determining the land value for the purpose of sale to the flat owners. This will affect the privatisation cost payable.
8 MND has decided to cap the cost of privatisation at $30,000 per flat for the three newly-designated estates at Hougang and Potong Pasir. This is a concession to enable lessees to fulfil their aspirations to enhance their assets, similar to other HUDC estates that are being privatised or already privatised. The Serangoon North HUDC estate, which is in the process of obtaining the requisite mandate for privatisation, will also enjoy this concession. The capping of privatisation cost at $30,000 is only valid for three years. Residents of these estates have to obtain the mandate for privatisation within this three-year grace period, commencing from 2 August 2010. Thereafter, the cost of privatization will be adjusted to take into consideration the prevailing redevelopment potential of the land.
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| Issued
by: |
Ministry of National Development (MND) |
| Date: |
30 July 2010 |
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Annex A
HUDC ESTATES
Background
HUDC flats were built in the 1970s and 1980s as a housing option for middle-income citizen families. HDB phased out the building of HUDC flats in 1987 as their demand declined.
There are a total of 18 HUDC estates comprising 7,731 residential and 23 shop units. They were built in four phases. The first two phases (Phases I and II) comprising 6 estates with 2,596 residential units were sold by HUDC Private Limited. The last two phases (Phases III and IV) comprising 12 estates with 5,135 residential units were sold by HDB.
Privatisation and progress
The privatisation programme of HUDC estates was announced in 1995 in response to the rising aspirations of Singaporeans to own private housing. Upon privatisation, HUDC residents own the common areas and they will have better control over the running of their estate. With privatisation, owners will no longer be subject to HDB’s housing policies eg. the need to seek HDB’s approval in order to sublet their HUDC flats.
List of HUDC Estates and Privatisation Status
| S/No. |
Estate (Phase) |
Status of Privatisation |
| 1 |
Gillman Heights Condominium (III)
|
Privatised on 1 Nov 1996 |
| 2 |
Pine Grove Condominium (III)
|
Privatised on 1 Nov 1996 |
| 3 |
Ivory Heights Condominium (III)
(former Jurong East HUDC estate) |
Privatised on 1 Jun 1998 |
| 4 |
Minton Rise Condominium (III)
(former Hougang South HUDC estate) |
Privatised on 1 Feb 2001 |
| 5 |
Waterfront View Estate (III)
(former Bedok Reservoir HUDC estate) |
Privatised on 1 Feb 2002 |
| 6 |
Tampines Court (IV)
|
Privatised on 1 Apr 2002 |
| 7 |
Farrer Court (I/II)
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Privatised on 15 Nov 2002 |
| 8 |
Amberville (I/II)
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Privatised on 16 Dec 2002 |
| 9 |
Lakeview (I/II)
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Privatised on 1 Aug 2003 |
| 10 |
Chancery Court (I/II)
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Privatised on 24 May 2004 |
| 11 |
Laguna Park (I/II)
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Privatised on 16 Jul 2007 |
| 12 |
Bishan (Shunfu) (IV)
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Obtained 75% support level. Privatisation in progress.
|
| 13 |
Eunosville (IV)
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Obtained 75% support level. Privatisation in progress.
|
| 14 |
Serangoon North (IV)
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Not privatised.
Obtaining support for privatisation.
|
| 15 |
Hougang North N3 (IV)
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Announced for privatisation |
| 16 |
Hougang North N7 (IV)
|
Announced for privatisation |
| 17 |
Potong Pasir (IV)
|
Announced for privatisation |
| 18 |
Braddell View (I/II)
|
Not announced for privatisation |
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ANNEX B Seventh Batch of HUDC Estates Selected For Privatisation
| Phase |
HUDC Estate |
Blocks |
Number of Flats |
| IV |
Hougang North N3 |
344 - 350 |
286 |
| IV |
Hougang North N7 |
713 - 720 |
336 |
| IV |
Potong Pasir |
110 - 112 |
175 |
| |
|
TOTAL |
797 |
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Last
updated on 30 July, 2010
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