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Braddell View Gets Owners Approval For En Bloc Sale

The largest of Singapore’s 18 former HUDC estates, Braddell View, has achieved the 80 per cent consensus to go ahead with the collective sale, subject to legal verification and the cooling-off period. Braddell View’s land area is 1.14 million sq ft, making it the largest private residential site in Singapore. At least 80 percent of the owners by share value and overall strata area must give their consent for the en bloc sale of developments older than 10 years and at least 90 percent for those below 10 years old.

Braddell View was completed around 1981, and was also the last HUDC estate to be privatised in March of 2017, which also marked the end of the Government’s programme to privatise all HUDC estates. The site has a balance lease term of around 61 years for its 918 residential units and two commercial units. The residential units comprise 824 apartments, 78 maisonettes and 16 penthouses. Under the 2014 masterplan, the Braddell View site has a plot ratio of 2.1. The reserve price for the collective sale is $2.08 billion, which translates to S$1,214 per sq ft per plot ratio, when including the estimated differential premium and lease upgrading premium of $831 million.