HUDC estate in Hougang privatised
336-flat Hougang Ave 2 project is the 15th of 18 such estates to go private
[SINGAPORE] The Housing and Urban Development Co (HUDC) estate at Hougang Avenue 2 has been privatised successfully, making it the 15th of 18 such once-public housing estates to do so.
The estate will be converted into a strata-titled property under the Land Titles (Strata) Act, said the Housing & Development Board in a statement yesterday.
The estate, which comprises 336 units of flats at Blocks 713 to 720 on Hougang Avenue 2, has obtained the required 75 per cent majority support for privatisation.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender