Serangoon North HUDC estate is the 14th former public housing estate to be successfully privatized. A Housing Board statement explained that the estate is now a strata-titled property under the Land Titles (Strata) Act. The estate at blocks 128-134 Serangoon North Avenue 1 comprises 244 apartments. Mr. Poon Mun Wai said that residents have no plans at present to attempt a collective sale, preferring one step at a time.
It is possible though that some residents may try to sell their individual apartments to make some money.The successful privatization of Serangoon North means that there are now just four others undergoing the process currently, Braddell View, Hougnag Avenues 2 and 7, and Potong Pasir Avenue 1.
Serangoon North HUDC privatised
R.C. Mohan, project manager, said that he had voted for privatization because values will rise, which provides a little security should residents wish to sell in the future.
The Aljunied-Hougang-Punggol East Town Council now has no responsibility for the estate and the residents must elect a management corporation strata title council within 90 days to deal with the estate’s management and maintenance.
Last HUDC to be privatised
Mr Poon said that any improvement plans are dependent on sinking funds from the borough council, which will send the estate an estimate. The estate’s first priority might be to protect the residents’ car park as there is currently no barrier and access to the car parking spaces is freely available to outsiders. Mr. Poon added that another priority was dividing the estate off from surrounding blocks, he thought that residents would like to fence the entire estate. However, similar actions have caused conflict in other former HUDC estates, a fence around Shunfu Ville blocked a pedestrian walk way between Thomson Garden Landed estate to Shunfu Road, meaning that Thomson Garden residents now have a longer walk to Shunfu Market, Marymount MRT station and other necessary amenities.
Although Serngoon gained the minimum 75% votes for privatization in 2011, not everyone is happy. Sim Moh Yong aged 61 who did not vote for privatization, complained now when she wants a cup of coffee she simply walks directly from her apartment block to the market, once the estate is fenced or walled she would have to walk through a particular gate.