reporter2
08-04-22, 11:57
Four HDB blocks in Ang Mo Kio chosen for SERS
April 7, 2022
https://i.imgur.com/YUGs9PZ.jpg
SINGAPORE (EDGEPROP) - Four HDB blocks located at Ang Mo Kio Avenue 3 have been identified for the Selective En Bloc Redevelopment Scheme (SERS). The blocks are the first to be selected for SERS since May 2018, when three blocks at MacPherson Lane were selected for the scheme.
SERS was introduced in 1995 as part of the government’s efforts to renew older housing estates. It entails the government taking back the sites, with SERS residents given a package that includes compensation and rehousing benefits, as well as the opportunity to move to a new home on a fresh 99-year lease.
For the blocks at Ang Mo Kio Avenue 3 - Blocks 562 to 565 - a total of 606 units will be impacted. The units comprise mainly three- and four-room flats, in addition to a handful of five-room and executive flats. The affected blocks were completed in 1979, making them about 43 years old.
https://i.imgur.com/VfNEJJZ.jpg
Affected flat owners will be compensated based on the market value of their flat as assessed by a professional private valuer appointed by HDB. HDB will also pay flat owners $10,000 in removal allowance to cover moving costs, as well as the stamp and legal fees for the purchase of a comparable replacement flat.
Read more at: https://www.edgeprop.sg/property-news/four-hdb-blocks-ang-mo-kio-chosen-sers
April 7, 2022
https://i.imgur.com/YUGs9PZ.jpg
SINGAPORE (EDGEPROP) - Four HDB blocks located at Ang Mo Kio Avenue 3 have been identified for the Selective En Bloc Redevelopment Scheme (SERS). The blocks are the first to be selected for SERS since May 2018, when three blocks at MacPherson Lane were selected for the scheme.
SERS was introduced in 1995 as part of the government’s efforts to renew older housing estates. It entails the government taking back the sites, with SERS residents given a package that includes compensation and rehousing benefits, as well as the opportunity to move to a new home on a fresh 99-year lease.
For the blocks at Ang Mo Kio Avenue 3 - Blocks 562 to 565 - a total of 606 units will be impacted. The units comprise mainly three- and four-room flats, in addition to a handful of five-room and executive flats. The affected blocks were completed in 1979, making them about 43 years old.
https://i.imgur.com/VfNEJJZ.jpg
Affected flat owners will be compensated based on the market value of their flat as assessed by a professional private valuer appointed by HDB. HDB will also pay flat owners $10,000 in removal allowance to cover moving costs, as well as the stamp and legal fees for the purchase of a comparable replacement flat.
Read more at: https://www.edgeprop.sg/property-news/four-hdb-blocks-ang-mo-kio-chosen-sers