SINGAPORE - The Housing and Urban Development Company (HUDC) blocks at Braddell View were converted to a private estate on Friday (March 17), marking the end of the housing programme that started in 1974.
Braddell View, comprising 918 flats and two shops, is the largest of the 18 HUDC estates, and the last to be privatised, a Housing Board statement said.
These estates were built in the 1970s and 1980s for the sandwiched middle class. Dwindling demand and larger number of housing choices led to the programme ending in 1987.
A total of 7,731 dwelling units have been converted into private housing, with the privatisation of Braddell View.
The privatisation of HUDC estates was announced in 1995 as part of the government's effort to meet the rising aspirations of Singaporeans to own private housing. It also gave flat owners greater control over the management and maintenance of their estate.
Braddell View had previously obtained the required 75 per cent majority support from flat owners to proceed with privatisation.
It will now be managed and maintained by its Management Corporation Strata Title (MCST) as provided under the Land Titles (Strata) Act, and its existing management committee assumes the role of the council of the management corporation.
Individual owners in the estate will own their respective strata units, as well as the common property as tenants in common.
Four former HUDC estates - in Serangoon North, Hougang Avenue 2, Hougang Avenue 7 and Potong Pasir Avenue 1 - were privatised in 2014.