HUDC flats were introduced to provide a different housing option for mid-income family members. However, demand for HUDC flats started to wane in the 80s, maybe partly because of the loss of its exclusivity. It was officially junked in 1987, with a total amount of 18 estates, or 7,731 units, having been built throughout its run.
The story really did not finish there however. In 1995, the government revealed that HUDC estates can be privatised as long as 75 percent of the homeowners consented to it, and also with the payment of a privatisation cost– a choice the residents took up rather excitedly. Since 1995, all the HUDC estates have actually been privatised, the last which was Braddell Sight back in 2014.
A few of these HUDC estates have actually considering that been acquired up by programmers using en-bloc sales, with the largest quote so far being for Farrer Court, which chose $1.34 billion. Today, there typically aren't many HUDCs left, but if you have an interest in acquiring one, there is ones located in Novena, Braddell Hillside and also Potong Pasir.
2005-2011: STYLE, CONSTRUCT AND ALSO SALE PLAN (DBSS) FLATS
In a bid to branch out the home market and also provide reduced earnings households with accessibility to more classy, condominium-style housing, the Design, Construct and also Sale System (DBSS) was presented in 2005. The information on Hexacube is downloadable at www.hexacube-sg.com/
The DBSS flat was pitched as a middle in between an HDB level and an EC. While DBSS apartments resembled exclusive condominiums, with the higher end installations and finishings, they did not have the added facilities of ECs like swimming pools or gyms.