The management of Braddell View estate (pictured) has urged its residents to sign a petition calling for the reduction in fees that they’ll need to pay once the estate is privatised.
They also sought the help of Member of Parliament Hri Kumar Nair to negotiate with the Singapore Land Authority (SLA) and the Housing and Development Board (HDB).
The open letter was sent to all residents on 22 June asking for “the lowest possible rate of premium in which the relevant department is going to impose on us”.
In its June newsletter, the management said that it would work with Mr Nair to petition for a special concessionary rate to give residents “a more comfortable position to dig into their shallow pockets and squeeze out the money to pay up”.
Braddell View estate was built in two phases in 1977 and 1980 by the Housing & Urban Development Company (HUDC).
The property was developed to provide for middle-income households who had been priced out of the private homes market. But in 1987, the scheme was phased out as more housing choices were introduced. From that point, all other HUDC estates were privatised or marked for privatisation.
However, Braddell View was left out as it was developed in two phases and on two separate land leases with different expiry dates.
To resolve the complicated issue, an amendment to the HUDC Housing Estates Act was proposed in May. Instead of dividing the privatisation fee equally, the amendment allows owners to decide amongst themselves how much they each have to pay.
Source : PropertyGuru – 2012 Jun 25
Lush Dream Home 