Residential
14 out of 18 HUDC estates have been privatized
Serangoon North HUDC Estate is the fourteenth out of eighteen HUDC estates to be privatized. Out of the remaining four estates, three estates at Hougang North Neighbourhood 3, Hougang North Neighbourhood 7 and Potong Pasir are in the process of privatization; while another at Braddell View is in the midst of garnering support. Such privatization requires support from at least 75 per cent of the residents. En bloc sales in mature sites such as Serangoon North HUDC are still attractive to developers due to the sheer difficulty in applying for such land parcels under government land sales programmes.
(Source: Channel NewsAsia)
April’s HDB resale prices continues to soften
From March to April, HDB resale prices for three, four and five-room flats have fallen 0.2 per cent, 0.8 per cent and 0.4 percent respectively. While prices of executive ...