privatization of hougang avenue 2 hudc n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Privatization of Hougang Avenue 2 HUDC PowerPoint Presentation
Download Presentation
Privatization of Hougang Avenue 2 HUDC

Loading in 2 Seconds...

play fullscreen
1 / 18

Privatization of Hougang Avenue 2 HUDC - PowerPoint PPT Presentation


  • 183 Views
  • Uploaded on

Privatization of Hougang Avenue 2 HUDC. Resident’s Briefing November 20 th , 2010 http://hougangave2hudc.wordpress.com./. Meeting Agenda. 3.15pm      Arrival of Residents & Registration 3.30pm      Recap the chain of events 4.00pm      Introduction of Protem Committee Members

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Privatization of Hougang Avenue 2 HUDC' - benjamin


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
privatization of hougang avenue 2 hudc

Privatization of Hougang Avenue 2 HUDC

Resident’s Briefing

November 20th, 2010

http://hougangave2hudc.wordpress.com./

meeting agenda
Meeting Agenda

3.15pm      Arrival of Residents & Registration

3.30pm      Recap the chain of events

4.00pm      Introduction of Protem Committee Members

4.10pm      Rationale for Privatization & Update on Status

4.30pm      Legal Process & Timeline

4.50pm      Q & A

5.10pm      Closing Remarks

safeguarding enhancing improving our quality of life through privatisation
Safeguarding, Enhancing & Improving Our Quality of Life Through Privatisation
  • 30th July 2010 - HDB Letter to Residents – Privatization Offer
  • 21 August 2010 - HDB conducted a dialogue session and briefed our residents on the scheme offered to privatize our HUDC estate.
    • 25 residents from all our blocks had volunteered and formed a Protem Committee and a Sub-committee to garner support for the privatization.
  • 20th September 2010 – Protem Committee presented to residents the assessment and considerations .
  • 13th November 2010 – Protem Committee has issued you a Newsletter on today’s briefing session.
evaluation of privatization
Evaluation of Privatization

Untenable Status Quo

Enlarged Market of Potential Buyers

Improved Privacy & Security

Better Control of Estate

Possible Appreciation of Value

Discount for Land Purchase

breakdown of 30k outlay
Breakdown of $30k Outlay

Cost of Land $26,000

Legal & Survey Fees $2,000

Construction Works (CSC) $4,000

Total estimated cost $30,000

Estimated market value - $52,200

“Use by” date: August 1st, 2013

volunteers needed
Volunteers Needed

IT support

Book-keeping

Finance

Engineering/ Construction

process timeline
Process & Timeline

Wendy Wong,

Wong Alliance LLP

legal fees
Legal Fees

$405 + GST per unit

Payment Terms:

$50 upon signing the Mandate

$200 when HDB is ready to sign the Transfer & the Application

Balance fees + disbursements upon issuance of SSCT.

Abortive cost capped at amount collected at the Mandate Exercise

process timeline1
Process & Timeline

Nov ‘10 onwards - Awareness & education

Jan ‘11 – Commence formal consenting process

July ‘11 – Secure mandate

Aug ‘11 – Construction works commences

Feb ‘13 – Strata titles issued

today s expenses

TODAY’S EXPENSES

Banner for the event (est $50 courtesy of Murali)FOC

Rental of tables & chairs, PA equipment (est) $300

Void Deck booking fee $ 66

Police permit FOC

Total estimated cost $366

slide18
Q&A

Safeguarding,

Enhancing &

Improving Our

Life Quality

Through Privatization