Published 2 June 2011
The Business Times
By Uma Shakari
The Eunosville Housing and Urban Development Company (HUDC) estate has been privatised with effect from yesterday, HDB said.
It also enables the lessees to have better control over the management of their estate, HDB said. Privatisation will proceed if lessees of at least 75 per cent of the flats support it.
Eunosville estate, which was privatised yesterday, comprises 330 flats in Blocks 822, 824, 826, 828, 830, 832, 834, 836, 838 and 840 along Sims Avenue. With the privatisation, the individual owners in the estate now own their respective strata units, as well as the common property such as the car parks and open landscaped areas, as tenants-in-common.
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 yesterday. The Management Corporation Strata Plan No 3642 has been constituted to manage and maintain the common property of the estate.
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