Latest News

4 Ang Mo Kio Blocks Identified For En Bloc, 600 Households Offered Replacement Flats

4 HDB Blocks In Ang Mo Kio Picked For SERS Project

Four HDB blocks in Ang Mo Kio have been picked for the first Selective En bloc Redevelopment Scheme (SERS) project in more than four years.

Residents of 606 units along Ang Mo Kio Avenue 3 will receive compensation based on the current market value.

Source

Affected owners will also have the option to purchase a new replacement flat nearby with a fresh 99-year lease.

Ang Mo Kio Blocks 562 to 565 selected for en bloc

On Thursday (7 Apr), HDB announced that they’ve selected Block 562 to 565 along AMK Ave 3 for redevelopment.

This move will affect over 600 households. The affected units mainly include three- and four-room flats, reported Channel NewsAsia (CNA).

Owners will be offered new replacements flats along Ang Mo Kio Drive, with units ranging from two-room flexi to four-room flats.

HDB stated that flat owners would receive compensation based on their flat’s market value at the time of the SERS announcement.

Owners will reportedly also receive a S$10,00 removal allowance as well as “stamp and legal fees for the purchase of a comparable replacement flat”.

Owners can purchase new replacement flats

HDB said there would be 1,065 flats at the replacement site along Ang Mo Kio Drive.

 

Source

Construction of the flats will begin in the third quarter of 2023 and is slated to be completed by Q3 2027, reports CNA.

The replacement flats will reportedly have a 99-year lease — nearly double that of the existing flats at end-2027. Eligible flat owners may also receive a SERS grant of up to S$30,000.

Owners can also select replacement flats with their neighbours or relative via the Joint Selection Scheme, where up to six households can ask to choose their flats jointly.

On the other hand, owners who do not want to take up the new replacement flats can opt to sell their SERS flats “with the rehousing benefits on the open market“.

HDB added that they’ll conduct door-to-door visits to explain the scheme, rehousing packages, and address residents’ concerns.

Hope affected residents are pleased with the new flats

We hope affected residents will be pleased with the replacement flats and the compensation package offered.

Kudos to HDB for offering owners the chance to ‘retain’ their neighbours, ensuring that the kampung spirit stays strong even at the new replacement flats.

Have news you must share? Get in touch with us via email at news@mustsharenews.com.

Featured image adapted from Google Maps & Housing & Development Board (HDB).

Sze Yun Chu

Sze Yun egg-spires to be a living Gudetama who sees the gude (good) in all things. Oftentimes, you can see her jumpin' & poppin' to NCT’s music.

Recent Posts

‘I hate talking to you guys already’: Message from teacher in M’sia for students sparks debate

Some commenters lament the fact that caning is no longer allowed.

22 May 2024, 4:46 pm

MP Baey Yam Keng’s youngest brother dies suddenly of brain haemorrhage

He left behind a 13-year old son.

22 May 2024, 3:59 pm

Thai snack wrapping paper turns out to be hospital medical record of patient with Hepatitis B

A Thai doctor said hepatitis B cannot be transmitted through food, but only through blood…

22 May 2024, 3:55 pm

Man in Elmo mascot caught on video beating man in M’sia until he bled

It wasn't very Elmo-like of him.

22 May 2024, 2:50 pm

‘Not acceptable’: Action will be taken if DJ dressed as monk show in S’pore proceeds: Shanmugam

The club will ensure the performance won't involve any elements associated with religion, the police…

22 May 2024, 1:58 pm

More than 10,000 dogs and 4,000 cats returned to lost-and-found in Japan in 2023

If the owner isn't found within two weeks, the animals are moved to an animal…

22 May 2024, 1:54 pm