Flat owners can select a brand-new replacement level with a fresh 99-year lease. They likewise have the choice to pick a three-room or bigger new flat on a 50-year lease (if the 50-year lease flat is able to last the youngest level owner till at the very least age 95). Apartment owners aged 66 and over can go with a brand-new two-room flexi level on a brief lease, while level owners who are at least 65 years old likewise have the alternative of taking up the Lease Buyback Plan for their existing flat and purchasing a short-lease brand-new substitute level thereafter.
Apartment owners at the 4 HDB obstructs in Ang Mo Kio that were recognized for the Discerning En bloc Redevelopment Scheme (Sers) in April will certainly receive a compensation package that is 7.5% greater than earlier price quotes.
“With these available alternatives, and based on the real (higher) compensations …