Since 1970s, the HUDC flat was built by the government to cater to the demand of middle income earners for higher quality housing. HUDC flats are mainly for those who cannot afford private properties and yet cannot qualify for HDB flats. It is relatively easy for anyone to purchase a resale HUDC flat as there is no income restriction on buyers. Owners of HUDC flat do not enjoy subsidised financing from HDB and buyers will have to apply for bank loans to finance the flat.
Similar to HDB flats, they are sold on 99-year leases, but it has a larger built in area. Such flats are not being built anymore since 1987. Many buyers bought HUDC flats because of its large size. Generally HUDC flats are about 150sqm to 170sqm.
Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
AsianPrime Properties Pte Ltd (L3010623G)