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The Interlace's site formerly housed the 607 units Gillman Heights Condominium, which is 50 percent owned by the National University of Singapore (NUS). [5] The property was subsequently sold to CapitaLand through a collective sale but the sale was controversial as NUS held a 16 percent stake in Ankerite, a private fund that was a subsidiary of CapitaLand.
There was a shopping area with seven units on the first storey and the building had a four-storey carpark located next to the driveway leading to the building's lobby on Pearl Bank. The 28th storey was devoted for community use, known as the "Sky Park", similar to a void deck in HDB flats all around Singapore.
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Most public housing in Singapore is lessee-occupied. Under Singapore's housing leasehold ownership programme, housing units are sold on a 99-year leasehold to applicants who meet certain income, citizenship and property leasehold ownership requirements. The estate's land and common areas continue to be owned by the government. [79]
For eligible flat buyers in urgent need of accommodation, they can ballot for leftover units that are reintroduced into the market, known as Sales of Balance flats (SBF). In February 2019, it was announced that starting from the middle of 2019, flat buyers will be able to apply for unsold BTO flats online anytime on a first-come, first-served ...
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By 1968, policies were formulated so that Singaporeans could use their CPF to pay and own an HDB flat. [20] Halimah Yacob, sworn in as the 8th President of the Republic of Singapore on 14 September 2017, the first female President in Singapore's history was a notable resident at Selegie House. [21]
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