HUDC estate in Hougang Avenue 2 to be privatised, says HDB
Published on May 22, 2014 10:19 AM
SINGAPORE - The HUDC estate at Hougang Avenue 2 has been privatised and converted into a strata-titled property under the Land Titles (Strata) Act as of Thursday, the Housing and Development Board said in a statement on Thursday.
This was after the required 75 per cent support was achieved for the move. The estate comprises 336 units at Blocks 713 to 720 Hougang Avenue 2.
The estate is the 15th of 18 Housing and Urban Development Company estates to complete the privatisation process, and the second this month. Serangoon North HUDC estate was privatised on May 8.
These estates were introduced in the 1970s for middle-income families. In 1995, it was announced that they could be privatised, to meet Singaporeans' aspirations of owning private property.
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