Category Archives: HDB

Privatisation of Eunosville HUDC Estate

Posted on 2 Jun 2011 | Comments Off on Privatisation of Eunosville HUDC Estate

The Eunosville HUDC Estate was privatised on Wednesday.

With the privatisation, the individual owners of the 330-unit estate now own their respective units, as well as the common property such as the car parks and open landscaped areas.

HDB said the Marine Parade Town Council will therefore cease its responsibility in the management and maintenance of the common properties of the estate with effect from Wednesday.

It will be done by a management corporation which was formed on Wednesday.

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 lessees to have better control over the management of their estate.

Privatisation will proceed if lessees of at least 75 per cent of the flats support it.

Source : CNA – 1 Jun 2011

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Apply new ceiling retrospectively

Posted on 2 Jun 2011 | Comments Off on Apply new ceiling retrospectively

Letter from Alvin Eng

I REFER to the report, “Strike balance when reviewing HDB income ceiling” (May 31).

Indeed, it is important that the Housing and Development Board (HDB) strike a balance when recalibrating the income ceiling.

Just as setting it too low would render the exercise cosmetic, setting it too high could result in a surge in housing demand which could, in turn, push up prices, thereby neutralising the move.

What the article omitted, however, is the equally important need to strike a balance with respect to the timing of when the revised policy would be effective.

Young couples priced out of the private housing market due to the recent rally would have had to turn to buying HDB flats.

But some of them may have a combined income that just breached the existing ceiling (not unusual for two professionals who have worked a few years) and are, therefore, ineligible to buy HDB flats directly or receive the housing grant.

Thus, whilst reviewing the income ceiling, the HDB should consider retrospectively applying the new policy, say to Jan 1 this year, so as to allow this group to also benefit from the Government’s housing policy.

Source : Today – 1 Jun 2011

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