Housing Development Board SERS in Ang Mo Kio
The government wants to acquire a few blocks of flats under SERS (Selective Enbloc Redevelopment Scheme). 

They offered the existing owner to buy back the redeveloped flats, but the owners have to pay additional money, which they cannot afford. 

This has caused much difficulty to the owners. 

I suggest the following approach:

a) Allow the affected owners to give up their flats and receive a compensation that is higher than the current market, say 20% higher. They don't have to pay a sales levy. They will be happy.

b) They can buy another resale flat from the market. They may wish to choose a location or flat type that best suit their needs.

This is a simple approach. 

I wonder why our highly paid ministers and civil servants do not want to adopt it. 

Tan Kin Lian

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I think a fair compensation should be a four room flat get a new four room flat with a lease that covers the leaseholders life

koh hock nguan  17 Jun 2022  

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