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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.
The Pearl Bank Apartments was the first all-housing project to be undertaken in the Urban Renewal Department of the Housing and Development Board's Sale of Sites programme. It was the programme's third sale in 1969, aimed at rejuvenating the Central Area and providing more residential options for the middle and upper-middle families. [2]
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]
This page was last edited on 23 January 2024, at 09:35 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The Pinnacle@Duxton project holds the record for the highest average price of new flats purchased directly from HDB, as well as the most expensive unit offered and purchased at $646,000. In September 2020, the development held the record for both of the most popular sizes of 5-room and 4-room HDB units at $1.23 million and $1.19 million.
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One of the original HDB flats constructed in 1960, in July 2021.. On the Housing & Development Board (HDB)'s formation, it announced plans to build over 50,000 flats, mostly in the city, under a five-year scheme, [7] and found ways to build flats as cheaply as possible so that the poor could afford to stay in them. [8]
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