SINGAPORE: Four blocks in Ang Mo Kio have been identified to be renewed under the Housing and Development Board’s (HDB) Selective En bloc Redevelopment Scheme (SERS), the first such announcement in nearly four years.
More than 600 households in Blocks 562 to 565 in Ang Mo Kio Avenue 3 will be affected by the move, said HDB on Thursday (Apr 7). The four blocks comprise mainly three-room and four-room sold flats.
They have been identified for SERS as "part of the Government’s overall efforts to renew older estates and provide better homes for residents, while preserving community ties", said HDB.
The flats in the four affected blocks are about 43 years old, and flat owners will be offered new replacement flats at Ang Mo Kio Drive.
This is the first SERS project announced in nearly four years. The last project was in MacPherson, announced on May 31, 2018.
An artist's impression of replacement flats located at Ang Mo Kio Drive. (Image: HDB)
HDB said that flat owners will be compensated based on the market value of their flat as assessed by a professional private valuer appointed by the statutory board.
“To help defray the expenses incurred in the move, HDB will also pay flat owners a S$10,000 removal allowance, as well as the stamp and legal fees for the purchase of a comparable replacement flat,” it added.
HDB will build new replacement flats ranging from two-room flexi to four-room units at Ang Mo Kio Drive. Construction of the replacement flats will commence in the third quarter of 2023 and is estimated to be completed by the third quarter of 2027.
“Flat owners have the option of purchasing the new replacement flats with better design and fittings, located within a precinct with modern and comprehensive facilities, at the designated site at Ang Mo Kio Drive,” said HDB.
The replacement flats come with a fresh 99-year lease, and eligible flat owners may receive a SERS grant of up to S$30,000. They can also take out a housing loan from HDB for the purchase of their replacement flat.
Details of the four blocks in Ang Mo Kio Avenue 3 identified for SERS. (Table: HDB)
Implementation plan for the SERS project involving four blocks in Ang Mo Kio Avenue 3. (Table: HDB)
Residents may also select replacement flats together with their neighbours or relatives, to live near one another, said HDB.
“In this way, SERS helps to preserve existing community ties by enabling residents to move en bloc to new replacement flats,” it added.
HDB said that it will conduct door-to-door house visits to explain the scheme to each household and address concerns that they may have.
A SERS manager will also be assigned to every household to guide them through the process, which takes an average of five years or more from the announcement date to the time the residents move into their new homes, said HDB.
“As part of HDB’s efforts to strengthen community ties and engender a greater sense of belonging among residents to their new precinct, we will also provide opportunities for residents to shape their new living environment,” the board added.
These include naming the new precinct and collectively deciding on the use of certain spaces within the precinct.
The SERS is part of HDB’s overall efforts to renew older estates and provide better quality homes for residents, said the board.
Precincts are chosen for SERS considering factors such as their redevelopment potential, the availability of suitable replacement sites and the Government’s financial resources, the added.
“Only about 5 per cent of all HDB flats are suitable for redevelopment under SERS, and most of these projects with high redevelopment potential have already been selected for the scheme,” HDB said.
To date, more than 41,000 households in 82 sites have been selected for SERS, HDB added.
"Over the years since it was built in the 1970s, Ang Mo Kio has undergone various upgrading programmes to ensure that it remains relevant in meeting the diverse needs of residents," said the board.
"The latest SERS announcement in Ang Mo Kio will enable existing residents of the four blocks to move into new homes nearby, and also offer opportunities for other flat applicants to apply for the surplus flats at the replacement site."
HDB will also continue to offer more Build-to-Order (BTO) projects in Ang Mo Kio, including during the BTO exercise in August this year.
Continue reading...
More than 600 households in Blocks 562 to 565 in Ang Mo Kio Avenue 3 will be affected by the move, said HDB on Thursday (Apr 7). The four blocks comprise mainly three-room and four-room sold flats.
They have been identified for SERS as "part of the Government’s overall efforts to renew older estates and provide better homes for residents, while preserving community ties", said HDB.
The flats in the four affected blocks are about 43 years old, and flat owners will be offered new replacement flats at Ang Mo Kio Drive.
This is the first SERS project announced in nearly four years. The last project was in MacPherson, announced on May 31, 2018.
An artist's impression of replacement flats located at Ang Mo Kio Drive. (Image: HDB)
HDB said that flat owners will be compensated based on the market value of their flat as assessed by a professional private valuer appointed by the statutory board.
“To help defray the expenses incurred in the move, HDB will also pay flat owners a S$10,000 removal allowance, as well as the stamp and legal fees for the purchase of a comparable replacement flat,” it added.
HDB will build new replacement flats ranging from two-room flexi to four-room units at Ang Mo Kio Drive. Construction of the replacement flats will commence in the third quarter of 2023 and is estimated to be completed by the third quarter of 2027.
“Flat owners have the option of purchasing the new replacement flats with better design and fittings, located within a precinct with modern and comprehensive facilities, at the designated site at Ang Mo Kio Drive,” said HDB.
The replacement flats come with a fresh 99-year lease, and eligible flat owners may receive a SERS grant of up to S$30,000. They can also take out a housing loan from HDB for the purchase of their replacement flat.
Details of the four blocks in Ang Mo Kio Avenue 3 identified for SERS. (Table: HDB)
Implementation plan for the SERS project involving four blocks in Ang Mo Kio Avenue 3. (Table: HDB)
Residents may also select replacement flats together with their neighbours or relatives, to live near one another, said HDB.
“In this way, SERS helps to preserve existing community ties by enabling residents to move en bloc to new replacement flats,” it added.
HDB said that it will conduct door-to-door house visits to explain the scheme to each household and address concerns that they may have.
A SERS manager will also be assigned to every household to guide them through the process, which takes an average of five years or more from the announcement date to the time the residents move into their new homes, said HDB.
“As part of HDB’s efforts to strengthen community ties and engender a greater sense of belonging among residents to their new precinct, we will also provide opportunities for residents to shape their new living environment,” the board added.
These include naming the new precinct and collectively deciding on the use of certain spaces within the precinct.
The SERS is part of HDB’s overall efforts to renew older estates and provide better quality homes for residents, said the board.
Precincts are chosen for SERS considering factors such as their redevelopment potential, the availability of suitable replacement sites and the Government’s financial resources, the added.
“Only about 5 per cent of all HDB flats are suitable for redevelopment under SERS, and most of these projects with high redevelopment potential have already been selected for the scheme,” HDB said.
To date, more than 41,000 households in 82 sites have been selected for SERS, HDB added.
"Over the years since it was built in the 1970s, Ang Mo Kio has undergone various upgrading programmes to ensure that it remains relevant in meeting the diverse needs of residents," said the board.
"The latest SERS announcement in Ang Mo Kio will enable existing residents of the four blocks to move into new homes nearby, and also offer opportunities for other flat applicants to apply for the surplus flats at the replacement site."
HDB will also continue to offer more Build-to-Order (BTO) projects in Ang Mo Kio, including during the BTO exercise in August this year.
Continue reading...