HUDC estate at Hougang Ave 7 privatised

[princess_morbucks]

http://www.channelnewsasia.com/news/singapore/hudc-estate-at-hougang/1153236.html?cid=TWTCNA&utm_source=dlvr.it&utm_medium=twitter




SINGAPORE: The HUDC estate at Hougang Avenue 7 has been privatised under the Land Titles (Strata) Act, after it obtained the required 75 per cent majority support, the Housing and Development Board (HDB) said on Friday (June 13).

This means that the Aljunied-Hougang-Punggol East Town Council is no longer responsible for managing and maintaining the common properties of the estate, which comprises 286 units of flats at Blocks 344 to 355 Hougang Avenue 7.

The Management Corporation Strata Title Plan No. 4013 will be constituted to take over the management and maintenance of the estate’s common properties. Individual owners in the estate will own their respective strata units, as well as the common property such as car parks and open landscaped areas, as tenants-in-common, the HDB said in a statement.

Among the 18 HUDC estates in Singapore, 16 have completed the privatisation process. For the remaining two estates, Potong Pasir is currently undergoing privatisation, while Braddell View has just obtained the support level for privatisation.

- CNA/do

[reporter2]

http://www.straitstimes.com/archive/saturday/premium/singapore/story/hougang-ave-7-hudc-estate-goes-private-20140614

Hougang Ave 7 HUDC estate goes private

It is the 16th of 18 such ex-public housing estates to be privatised

Published on Jun 14, 2014 1:31 AM

By Janice Heng


THE Hougang Avenue 7 HUDC estate was successfully privatised yesterday, said the Housing Board (HDB), confirming an earlier report in The Straits Times.

The estate, comprising 286 flats in Blocks 344 to 350 in Hougang Avenue 7, has been converted into a strata-titled property under the Land Titles (Strata) Act.

It is the 16th of 18 such former public housing estates to go private, and the third since last month.

That leaves Potong Pasir, which expects to complete its journey in under a month's time, and Braddell View, which has just reached the required support level of at least 75 per cent.

The privatisation means that the Aljunied-Hougang-Punggol East Town Council (AHPETC) is no longer responsible for the management and maintenance of Hougang Avenue 7 estate's common properties.

Instead, the Management Corporation Strata Title (MCST) Plan No. 4013 has been constituted to do this.

Its members will be elected at an annual general meeting in three months' time.

The Straits Times understands that one issue to be discussed at the meeting is a proposed boundary fence around the estate.

The pro-tem committee which oversaw the privatisation has proposed a fence with two gantries and six side gates.

But this depends on how much of the sinking fund will be transferred to them from AHPETC.

The pro-tem committee feels the current estimate of $328,000 is "far too low", and will also table this issue at the meeting.

Such boundary fence and sinking fund worries were also raised last weekend at a town hall meeting in the former HUDC estate of Serangoon North.

Formerly under AHPETC, too, it was privatised on May 8.

Meanwhile, the HDB is acting in a caretaker role as the management council of Hougang Avenue 7 estate's MCST.

It is working together with the pro-tem committee to find vendors to put up gantries, so as to prevent unauthorised or illegal parking.

Pending their installation, the committee has proposed putting up "Private Estate" signs to discourage trespassers.

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