{"id":68248,"date":"2017-10-05T10:09:02","date_gmt":"2017-10-05T03:09:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-ex-hudc-estates-have-begun-en-bloc-process\/"},"modified":"2017-10-05T11:04:10","modified_gmt":"2017-10-05T04:04:10","slug":"7-ex-hudc-estates-have-begun-en-bloc-process","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-ex-hudc-estates-have-begun-en-bloc-process\/","title":{"rendered":"7 ex-HUDC estates have begun en bloc process"},"content":{"rendered":"


\nAn aerial view of Rio Casa, a 286-unit development at Hougang Avenue 7.
\nFour 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.
\nThese are Rio Casa, Eunosville, Serangoon Ville and Tampines Court.
\nThis brought the overall number of ex- HUDC estates sold through collective sale to 11, but the seven remaining ones are already at some point in the en bloc process as of Monday (3 October).
\nFor instance, Lakeview and Braddell View are considering to form a collective sales committee this month, while Chancery Court is looking for a marketing agent.
\nPine Grove, Laguna Park and Ivory Heights have already hired marketing agents, whereas Florence Regency is re-looking its bids.
\nConstructed in the 1970s and 80s, HUDC estates caters to middle-income families who can afford something better than HDB flats, but still find private housing expensive. Subsequently, the government started privatising these developments in 1995.
\nHowever, it could take some time before the 918-unit Braddell View is launched for sale, as its management committee hopes to increase its 2.1 plot ratio to 2.8 or 3.2.
\nThe Urban Redevelopment Authority (URA) told management committee Chairman Alex Teo that before it can consider raising the plot ratio, there needs to be a new exit road for cars in addition to the existing one leading to Braddell Road.
\nHe estimates that if Braddell View is sold at its present plot ratio, they could get $2 billion, but if it its increased to at least 2.8, the residents would receive nearly $3 billion.
\nMeanwhile, Edmund Tie & Company senior research director Lee Nai Jia revealed that home builders can redevelop ex-HUDC sites into projects with more units as these estates were designed with large unit sizes and lots of open spaces.
\nHe also believes that the en bloc market will remain hot for at least another nine months amidst the recovery in Singapore\u2019s primary housing market, even after 11 residential sites have already been sold via collective sale so far this year for over $3.6 billion in all.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…7 ex-HUDC estates have begun en bloc process<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An aerial view of Rio Casa, a 286-unit development at Hougang Avenue 7. Four former...<\/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-68248","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-hKM","jetpack-related-posts":[{"id":56934,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-estates-gunning-for-en-bloc-sales\/","url_meta":{"origin":68248,"position":0},"title":"Two estates gunning for en bloc sales","date":"June 5, 2017","format":false,"excerpt":"\r The Interlace (pictured) began as Gillman Heights \u2013 one of the first HUDC to be privatised in 1996 and then later sold via an en bloc sale \u2013 an aim both Tampines Court and Florence Regency are now hoping to achieve. Following the recent collective sales of Rio Casa\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":68248,"position":1},"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":48806,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-privatisation-closes-hudc-chapter\/","url_meta":{"origin":68248,"position":2},"title":"Braddell View privatisation closes HUDC chapter","date":"March 20, 2017","format":false,"excerpt":"\r Braddell View is the last HUDC estate to be privatised,\u00a0marking 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-forms-en-bloc-sales-committee\/","url_meta":{"origin":68248,"position":3},"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":51528,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/former-hudc-estate-in-hougang-up-for-collective-sale\/","url_meta":{"origin":68248,"position":4},"title":"Former HUDC estate in Hougang up for collective sale","date":"April 11, 2017","format":false,"excerpt":"\r The owners of Rio Casa are expecting offers above $450.8 million, or a land rate of about $586 psf per plot ratio. (Photo: Knight Frank Singapore) Rio Casa, a privatised HUDC estate along Hougang Avenue 7 has been launched for collective sale, said marketing agent Knight Frank Singapore. The\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":68248,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/68248"}],"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=68248"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/68248\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=68248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=68248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=68248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}