THE Housing and Development Board on Thursday announced that the Serangoon North HUDC Estate will be converted into a strata-titled property under the Land Titles (Strata) Act with effect from May 8.
The privatisation is initiated by residents and a requisite 75 per cent majority support was achieved by them.
Along with the privatisation, the Aljunied-Hougang-Punggol East Town Council will cease its responsibility in the management and maintenance of the common properties of the estate with effect from May 8.
HDB says individual owners in the estate now own their respective strata units, as well as the common property such as car parks and open landscaped areas, as tenants-in-common.