Braddell View is the last HUDC estate to be privatised, marking the closure of the privatisation programme for HUDC estates. Image source: HDB
Braddell View, the last Housing Urban Development Company (HUDC) estate, was converted into a strata-titled estate under the Land Titles (Strata) Act last Friday (17 March), said the Housing and Development Board (HDB).
This comes after the estate obtained the required 75 percent majority support from flat owners to proceed with the privatisation.
With this, Braddell View’s individual owners will own their respective strata units and the common property as tenants-in-common.
The Land Titles (Strata) Act also provides that the existing Management Committee will assume the role of the council of the Management Corporation, while the committee members are deemed to have been elected as the council members.
Comprising 918 flats and two shops, Braddell View is the largest of the 18 HUDC estates. Its privatisation marks the end of the government’s privatisation programme for HUDC estates.
“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,” noted the HDB.
The privatisation of Braddell View brings the total number of privatised housing units to 7,731.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
