SINGAPORE - In a statement released today, the Housing and Development Board (HDB) announced the conversion of the Hougang Avenue 7 HUDC estate into a strata-titled property under the Land Titles (Strata) Act.
The HUDC estate, which comprises 286 units of flats at Blocks 344 to 350 Hougang Avenue 7, has obtained the required 75 per cent majority support for privatisation.
With the privatisation, the Aljunied-Hougang-Punggol East Town Council will cease management and maintenance of the common properties of the estate with effect from June 13, 2014.
The Management Corporation Strata Title Plan No. 4013 will be constituted on the same day to manage and maintain the common property of the estate. 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 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 enables the owners to have better control over the management and maintenance of their estate. Currently, there are a total of 18 HUDC estates.