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#1
24-03-2017, 04:00 PM
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Chitchat HDB Resale Price Affected - Not all older flats eligible for en bloc (SERS)
An honorable member of the Coffee Shop Has Just Posted the Following:
Minister for National Development Lawrence Wong said on Friday (Mar 24) that he was "concerned" over the idea that some home buyers in Singapore were forking out high prices for older public flats expecting to benefit from the Selective En bloc Redevelopment Scheme (SERS). "So please do not assume that all old HDB flats will be automatically eligible for SERS." Mr Wong said only four per cent of HDB flats have been identified for SERS since it was launched in 1995 and authorities continue to maintain strict selection criteria for the scheme. He also pointed out that when the leases for HDB flats run out, they have to be returned to the state eventually and that as flats near the end of their lease periods, their prices come down correspondingly. Click here to view the whole thread at www.sammyboy.com. 
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