Privatised HUDC Shunfu Ville’s Collective Sale bid

HUDC – a word much used and loved in the 80s. Much of these larger flats were privatised in the 90s and early millennium and thus became quite sought-after in the property market. Considered private residential properties, these rare projects are often gated, have their own maintenance, and are in relatively quiet spots.

Some of the more well-known HUDCs include Laguna Park, Pine Grove condominium, Lakeview, and Chancery Court. A few have been sold en bloc, such as Farrer Court,  Amberville and Minton Rise. One of the current privatised HUDC, Shunfu Ville along Upper Thomson, is trying for a collective sale which if successful, could fetch $1.9 million per unit for the owners.

PineGroveCondoThe estate is almost 30 years old, and that age usually calls for some rejuvenation. With its proximity to a number of good schools such as Ai Tong School, Catholic High School and Raffles Instituition, and also to the current Marymount MRT station and upcoming the Upper Thomson Line, the spot is prime for private condominium apartments. It is also relatively tucked away and has a good amount of greens surrounding and developers will have a considerable amount of plus points to work with.

If sold, the area could yield 1,100 new units. However, a nearby collective sale bid by Thomson View Condominium has not been successful, and it will be interesting to see if this tender, which closes on 27th of October, garners interest from developers.