MND to privatise 3 HUDC estates

Three HUDC estates have been identified by the Ministry of National Development for privatisation.

A total of 797 flats have been identified, which are located at Hougang North Neighbourhood 3, Hougang North Neighbourhood 7, and Potong Pasir.

To privatise the HUDC estates, residents must obtain at least 75 percent support for the privatisation before they can get a Strata Titles Application with the Registry of Titles for the issuance of subsidiary strata certificates of title for their flats.

The HUDC estate owners have to pay the costs for privatisation, including the cost of land transfer, survey and legal costs.

At least $30,000 per flat has also been capped for two designated HUDC estates that are currently undergoing the privatisation process, including estates at Bishan (Shunfu) and Eunosville.

MND noted that it decided to cap the privatisation cost at $30,000 per flat for the three identified estates at Hougang and Potong Pasir.