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Singapore

MND proposes HUDC statute amendment for Braddell View privatisation

The Ministry of National Development has proposed an amendment to the HUDC Housing Estates Act, primarily to facilitate the privatisation of Braddell View.

SINGAPORE: The Ministry of National Development has proposed an amendment to the HUDC Housing Estates Act, primarily to facilitate the privatisation of Braddell View.

Braddell View, which is the only HUDC estate left governed by the act, was developed on two separate land leases with different expiry dates.

The different dates need to be harmonised in order to privatise the estate.

The existing act empowers the body corporate of Braddell View HUDC Estate to collect contributions from all its flat lessees in equal proportion, but Phase 2 lessees may not agree to pay the same amount as Phase 1 lessees.

The proposed amendment will allow Braddell View's body corporate to determine the share of the premium to be paid.

The Amendment Bill will be tabled for a second reading at the next Parliament sitting.

Source: CNA/wm

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