HDB enhances concessions for residents under SERS
HDB is enhancing its concessions for its residents who fall under its SERS, or Selective En-bloc Redevelopment Scheme.
These include residents at Rochor Centre, who are affected by a land acquisition to facilitate the construction of the new North-South Expressway.
Now, priority will be given to all SERS lessees who are eligible to apply for a flat in public sales exercises launched from March 2012 onwards.
These include Build-to-Order or Sale of Balance Flats exercises.
Five percent of flat supply from each exercise will also be set aside for applicants under the Resettlement/Relocation/Tenants' Priority Scheme.
Lessees may also defer the entire payment of the levy or premium till they sell or transfer the replacement flat.
Also, those who are aged 55 and above will now be allowed to use a portion or all of the refunded CPF money in their Retirement Account to buy the replacement flat.
Besides Rochor Centre residents, all the new concessions will be extended to other SERS lessees whose grace period to apply for a flat has not expired yet.
HDB will also grant a 10 per cent rental rebate to all shop tenants at Rochor Centre.
This is in view of the petition and the upcoming tunnel boring works and is on top of existing rental rebates granted earlier.
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