- POSTED: 22 May 2014 10:27
- UPDATED: 22 May 2014 10:41
The Hougang Avenue 2 HUDC Estate was converted into a strata-titled property on Thursday under the Land Titles (Strata) Act, after obtaining the required 75% majority support for privatisation.
SINGAPORE: The Hougang Avenue 2 HUDC Estate will be privatised after obtaining the required 75 per cent majority support, the Housing and Development Board (HDB) announced on Thursday (May 22).
The estate, which comprises 336 units of flats at Blocks 713 to 720, will be converted into a strata-titled property under the Land Titles (Strata) Act effective May 22, HDB said in a press release.
"Aljunied-Hougang-Punggol East Town Council has also ceased its responsibility in the management and maintenance of the common properties of the estate, taken over by the Management Corporation Strata Title Plan No 3974," HDB said.
"Individual owners in the estate now own their respective strata units, as well as common property such as car parks and open landscaped areas, as tenants-in-common."
Of the 18 HUDC Estates in Singapore, 15 of them have been privatised since 1995. Two - at Hougang Ave 7 and Potong Pasir - are undergoing privatisation, while the Braddell View estate is in the midst of garnering support for the move.