SERS rehousing options: Shorter lease for replacement flats benefits elderly residents, say analysts
SINGAPORE: The new option for SERS home owners to buy a replacement flat at a shorter lease would benefit seniors who do not intend to sell their replacement unit, said property analysts.
The Housing and Development Board (HDB) announced on Saturday (Jul 2) that eligible flat owners whose homes have been chosen for the Selective En bloc Redevelopment Scheme (SERS) will be given two more rehousing options - a shorter 50-year lease on their new homes or apply for the lease buyback scheme.……
Property News International
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