{"id":48806,"date":"2017-03-20T11:09:16","date_gmt":"2017-03-20T04:09:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-privatisation-closes-hudc-chapter\/"},"modified":"2017-03-20T11:19:53","modified_gmt":"2017-03-20T04:19:53","slug":"braddell-view-privatisation-closes-hudc-chapter","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-privatisation-closes-hudc-chapter\/","title":{"rendered":"Braddell View privatisation closes HUDC chapter"},"content":{"rendered":"


\nBraddell View is the last HUDC estate to be privatised,\u00a0marking the closure of the privatisation programme for HUDC estates. Image source: HDB
\nBraddell 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).
\nThis comes after the estate obtained the required 75 percent majority support from flat owners to proceed with the privatisation.
\nWith this, Braddell View\u2019s individual owners will own their respective strata units and the common property as tenants-in-common.
\nThe Land Titles (Strata) Act also means 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.
\nComprising 918 flats and two shops, Braddell View is the largest of the 18 HUDC estates. Its privatisation marks the end of the government\u2019s privatisation programme for HUDC estates.
\n\u201cThe privatisation of HUDC estates was announced in 1995 as part of the government\u2019s 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,\u201d noted the HDB.
\nThe privatisation of Braddell View brings the total number of privatised housing units to 7,731.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Braddell View privatisation closes HUDC chapter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Braddell View is the last HUDC estate to be privatised,\u00a0marking the closure of the privatisation...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-48806","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cHc","jetpack-related-posts":[{"id":49339,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-march-2017\/","url_meta":{"origin":48806,"position":0},"title":"News Roundup (March 2017)","date":"March 24, 2017","format":false,"excerpt":"\r \u00a0 Our top Singapore property stories. Fitch: Looser property curbs won\u2019t stop price falls Housing prices in Singapore are likely to continue falling even as the government may gradually ease the property cooling measures, Fitch Ratings said recently. The ratings agency noted that Singapore\u2019s efforts to curb property speculation\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/03\/Location-map-of-Tampines-Avenue-10-site.jpg?fit=754%2C658&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":68840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-forms-en-bloc-sales-committee\/","url_meta":{"origin":48806,"position":1},"title":"Braddell View forms en bloc sales committee","date":"October 12, 2017","format":false,"excerpt":"\r Braddell View is a 99-year leasehold development apartment completed in 1981 and has a total of 438 units. Most residents of Braddell View voted to form a collective sales committee on Tuesday (10 October), with 493 people in favour, while 28 opposed it, reported the Straits Times. \u201cI think\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-owners-eyeing-2-billion-en-bloc-sale\/","url_meta":{"origin":48806,"position":2},"title":"Braddell View owners eyeing $2 billion en bloc sale","date":"September 19, 2017","format":false,"excerpt":"\r The 918-unit project is the last HUDC estate to be privatised. (Photo: HDB) The residents of the biggest HUDC estate here plan to hold an extraordinary general meeting on 10 October to form a collective sale committee in a bid to sell the entire property for a minimum price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-ex-hudc-estates-have-begun-en-bloc-process\/","url_meta":{"origin":48806,"position":3},"title":"7 ex-HUDC estates have begun en bloc process","date":"October 5, 2017","format":false,"excerpt":"\r An aerial view of Rio Casa, a 286-unit development at Hougang Avenue 7. Four former Housing and Urban Development Company (HUDC) estates have changed hands so far this year via en bloc sale \u2014 the highest in any year, reported Channel NewsAsia. These are Rio Casa, Eunosville, Serangoon Ville\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103779,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majority-of-braddell-view-owners-approve-2-08-billion-price-for-en-bloc-sale\/","url_meta":{"origin":48806,"position":4},"title":"Majority of Braddell View owners approve $2.08 billion price for en bloc sale","date":"February 8, 2019","format":false,"excerpt":"\r If the sale goes through, it would become Singapore\u2019s most expensive en bloc deal, exceeding the $1.34 billion sale of Farrer Court in 2007. (Photo: HDB) The 918-unit Braddell View residential project in District 20 is poised to be launched for collective sale after it secured the approval of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105457,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-views-success-may-rest-on-sites-creative-use\/","url_meta":{"origin":48806,"position":5},"title":"Braddell View's success may rest on site\u2019s creative use","date":"March 27, 2019","format":false,"excerpt":"\r The former HUDC estate which sits on a huge site was put up for en bloc sale recently with a reserve price of $2.08 billion. (Photo: Colliers International) The en bloc success of the 918-unit Braddell View development may hinge on the creative use of the huge site, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48806"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=48806"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48806\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=48806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=48806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=48806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}