GE: RP checks out unhappiness over Clementi SERS
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By Ryan Huang | Posted: 24 April 2011 2156 hrs
SINGAPORE: A group of residents in Clementi have expressed unhappiness over the Selective En bloc Redevelopment Scheme (SERS) whereby the government identifies old blocks for redevelopment.
Some residents reached out to the Reform Party, which has plans to contest the wider West Coast GRC.
Reform Party secretary-general Kenneth Jeyaretnam said: "For sometime we've had a Facebook page for feedback from the residents of West Coast on local issues and basically it's exploded. We're receiving so much feedback.
"We were told by residents here about their unhappiness. So we've come down (here) and find out for ourselves what's wrong and why they're unhappy."
Despite the invitation, residents were surprised with the Reform Party's presence as they did not want to politicise the situation.
The meeting was attended by about 50 homeowners at Block 322, Clementi Avenue 5.
The meeting was organised by a group of homeowners to collect more feedback to support an appeal to the Housing and Development Board (HDB).
They voiced various concerns, ranging from the compensation package being insufficient to an unwillingness to relocate.
Some said that although the compensation being offered is higher than the current value of their flats, it is not enough to cover stamp duties, levies and renovation costs.
Some also expressed difficulty getting loans from banks due to their old age.
When contacted, the incumbent MP Arthur Fong said he has a sense that most of the residents are happy with the package and only about one out of 10 residents has concerns.
He said he has helped this group to write in to the HDB for it to consider more favourable packages and discounts.
A reply is expected within three to six weeks.
The government in February identified Blocks 321, 322 and 323 in Clementi Avenue 5 for the SERS.
The blocks are 34 years old and are made up of 374 sold flats.
The HDB will build about 500 units of new two-room, three-room, four-room and five-room replacement flats at Clementi Avenue 3 to re-house the flat owners.
These new flats are located next to the nearby Clementi Town Centre, Clementi MRT Station and bus interchange.
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Welcome RP! Clementi is one of the most neglected towns in Singapore, mostly run by Arthur Fong. Through the various community events, you would know that Arthur is just an arrogant private banker. It is only recently (last 1 year) that they tried to make lift upgrading programs for blocks around Ave 2. The terms were expensive. When they finally announced this lift upgrading, the residents immediately acknowledged, "elections must be coming."
PAP also closed down 2 cinemas in the interchange and up till now there is no replacement. They rushed a shopping center just in time for this election. But as a result the bus interchange was shifted far away from the Clementi MRT. Old folks have to walk a far distance if they come to Clementi by MRT and would like to change to a short distance bus shuttle. This shift has also made the Clement MRT bus stop into the bus interchange's dropping off site. Imagine how can a single bus stop along the Commonwealth Avenue West be the drop off point for an entire bus interchange? Needless to say, that bus stop is jammed all day, and is extremely accident prone.
The Clementi road is a night mare every 6pm - 8pm full of jams. It is a special road where people would exit AYE and go north towards Ngee Ann Poly, UniSIM and Bukit Timah Road.
The Stadium is completely wasted as it is on the other side of the AYE. There is no convenient bus shuttle there as well.
There is a completely run down Clement Woods park that has become more like a jungle than a park by now. I even heard that there were rape cases there as well.
In short there are lots of room for improvement in Clementi. We are kind of like living without a manager all these years. Activities are very localised around Blk 381 and does not spread to the rest of the town. There were no PAP making rounds before RP mentioned that they are interested in West Coast GRP. In fact up till today, there were still no news about PAP making rounds. Therefore in this sense, RP has won already PAP already (well done!) I guess our MPs are much more busy than other PAP members such as Wong Kan Seng and Goh Chok Tong. No wonder we are so neglected. Our MPs are more like fire-fighters rather than having a plan on how to make Clementi better.
Please come and rescue us and we shall give you at least 10 years of refuge as MPs.
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From TR: "Mr Tong furthered that the affected residents were given a choice of “upgrading” to a flat of the same type (ie: 3-room to 3-room) or to a larger unit but the compensation monies given for their existing unit were low compared to the market rate.
“As such, those who choose to say, upgrade from a 3-room flat to a 3-room flat will get roughly $50,000 in cash compensation while those who wants a to upgrade from a 3-room flat to a 4-room or 5-room flat will need to fork out about $450,000 to make up for the differences”, he added."
Does this mean that they give the affected a new 3-room flat plus cash of $50,000? (ie. for those with 3-rm flat and get back a 3-rm flat)
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Originally posted by Thethinker6:
Welcome RP! Clementi is one of the most neglected towns in Singapore, mostly run by Arthur Fong. Through the various community events, you would know that Arthur is just an arrogant private banker. It is only recently (last 1 year) that they tried to make lift upgrading programs for blocks around Ave 2. The terms were expensive. When they finally announced this lift upgrading, the residents immediately acknowledged, "elections must be coming."
PAP also closed down 2 cinemas in the interchange and up till now there is no replacement. They rushed a shopping center just in time for this election. But as a result the bus interchange was shifted far away from the Clementi MRT. Old folks have to walk a far distance if they come to Clementi by MRT and would like to change to a short distance bus shuttle. This shift has also made the Clement MRT bus stop into the bus interchange's dropping off site. Imagine how can a single bus stop along the Commonwealth Avenue West be the drop off point for an entire bus interchange? Needless to say, that bus stop is jammed all day, and is extremely accident prone.
The Clementi road is a night mare every 6pm - 8pm full of jams. It is a special road where people would exit AYE and go north towards Ngee Ann Poly, UniSIM and Bukit Timah Road.
The Stadium is completely wasted as it is on the other side of the AYE. There is no convenient bus shuttle there as well.
There is a completely run down Clement Woods park that has become more like a jungle than a park by now. I even heard that there were rape cases there as well.
In short there are lots of room for improvement in Clementi. We are kind of like living without a manager all these years. Activities are very localised around Blk 381 and does not spread to the rest of the town. There were no PAP making rounds before RP mentioned that they are interested in West Coast GRP. In fact up till today, there were still no news about PAP making rounds. Therefore in this sense, RP has won already PAP already (well done!) I guess our MPs are much more busy than other PAP members such as Wong Kan Seng and Goh Chok Tong. No wonder we are so neglected. Our MPs are more like fire-fighters rather than having a plan on how to make Clementi better.
Please come and rescue us and we shall give you at least 10 years of refuge as MPs.
PAP closed the two cinemas huh ?
It is the owners of the two cinemas that had decided to close the cinemas due to bad business. Just ask people who live in Clementi lor.
Clementi Cinema has been re-developed into Citivibe and Empress Cinema is to be re-developed into a 6-storey cineplex in 2013 by its owners.
Are you the clone or agent of RP ?
ya lah, I know election is coming
PS : RP failed to turn the 4 pm meeting at the enbloc of Clement Ave 5 yesterday into their favbours lah. I know election is coming
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Originally posted by Seowlah:
PAP closed the two cinemas huh ?
It is the owners of the two cinemas that had decided to close the cinemas due to bad business. Just ask people who live in Clementi lor.
Clementi Cinema has been re-developed into Citivibe and Empress Cinema is to be re-developed into a 6-storey cineplex in 2013 by its owners.
Are you the clone or agent of RP ?
ya lah, I know election is coming
PS : RP failed to turn the 4 pm meeting at the enbloc of Clement Ave 5 yesterday into their favbours lah. I know election is coming
i think we'll find a lot of these "just join and few posts then disappear after elections" people
and yes... the cinemas were closed because, when there are only 2 or 3 people per screening, it's time to cut their losses...
they tried to have a cineplex at the new Clementi Mall but i heard the cinema chain pulled out
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The SERS if ppl could explain would know wat's going on
Now I realised what's going on actually, w/ ppl whom I know got affected by it some time ago (to realise it only now)
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Originally posted by TehJarVu:
From TR: "Mr Tong furthered that the affected residents were given a choice of “upgrading” to a flat of the same type (ie: 3-room to 3-room) or to a larger unit but the compensation monies given for their existing unit were low compared to the market rate.
“As such, those who choose to say, upgrade from a 3-room flat to a 3-room flat will get roughly $50,000 in cash compensation while those who wants a to upgrade from a 3-room flat to a 4-room or 5-room flat will need to fork out about $450,000 to make up for the differences”, he added."
Does this mean that they give the affected a new 3-room flat plus cash of $50,000? (ie. for those with 3-rm flat and get back a 3-rm flat)
I wonder who did the calculation. $450,000 to upgrade to 1 more room flat????
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don't quote me lah, i'm just trying to understand this SERS thing in case i am affected one day (*touchwood*)
looks like they will buy your current flat at market rate
allocate a new flat to you
you buy from themthen got the $50K cash (for reno issit?)
edit: http://www.hdb.gov.sg/fi10/fi10329p.nsf/w/eSERSBenefits?OpenDocument
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dunno... i don't trust the MIW, and i also don't trust the idiots in RP and TR..
who do i trust less?
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haha lol sentiments of many people
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Originally posted by Thethinker6:
Welcome RP! Clementi is one of the most neglected towns in Singapore, mostly run by Arthur Fong. Through the various community events, you would know that Arthur is just an arrogant private banker. It is only recently (last 1 year) that they tried to make lift upgrading programs for blocks around Ave 2. The terms were expensive. When they finally announced this lift upgrading, the residents immediately acknowledged, "elections must be coming."
PAP also closed down 2 cinemas in the interchange and up till now there is no replacement. They rushed a shopping center just in time for this election. But as a result the bus interchange was shifted far away from the Clementi MRT. Old folks have to walk a far distance if they come to Clementi by MRT and would like to change to a short distance bus shuttle. This shift has also made the Clement MRT bus stop into the bus interchange's dropping off site. Imagine how can a single bus stop along the Commonwealth Avenue West be the drop off point for an entire bus interchange? Needless to say, that bus stop is jammed all day, and is extremely accident prone.
The Clementi road is a night mare every 6pm - 8pm full of jams. It is a special road where people would exit AYE and go north towards Ngee Ann Poly, UniSIM and Bukit Timah Road.
The Stadium is completely wasted as it is on the other side of the AYE. There is no convenient bus shuttle there as well.
There is a completely run down Clement Woods park that has become more like a jungle than a park by now. I even heard that there were rape cases there as well.
In short there are lots of room for improvement in Clementi. We are kind of like living without a manager all these years. Activities are very localised around Blk 381 and does not spread to the rest of the town. There were no PAP making rounds before RP mentioned that they are interested in West Coast GRP. In fact up till today, there were still no news about PAP making rounds. Therefore in this sense, RP has won already PAP already (well done!) I guess our MPs are much more busy than other PAP members such as Wong Kan Seng and Goh Chok Tong. No wonder we are so neglected. Our MPs are more like fire-fighters rather than having a plan on how to make Clementi better.
Please come and rescue us and we shall give you at least 10 years of refuge as MPs.
How can you say the PAP close down 2 cinemas?It doesn't make sense to it.Eng Wah Empress and Commonwealth Theatre closed down for new development.Eng Wah Empress will be ready in 2012 and i think Clementi have changed alot but still got traffic jams at Clementi Rd/Ave 2 and AYE plus there's rats in the Clementi area there's quite alot flaws in Clementi.
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Originally posted by Thethinker6:
Welcome RP! Clementi is one of the most neglected towns in Singapore, mostly run by Arthur Fong. Through the various community events, you would know that Arthur is just an arrogant private banker. It is only recently (last 1 year) that they tried to make lift upgrading programs for blocks around Ave 2. The terms were expensive. When they finally announced this lift upgrading, the residents immediately acknowledged, "elections must be coming."
PAP also closed down 2 cinemas in the interchange and up till now there is no replacement. They rushed a shopping center just in time for this election. But as a result the bus interchange was shifted far away from the Clementi MRT. Old folks have to walk a far distance if they come to Clementi by MRT and would like to change to a short distance bus shuttle. This shift has also made the Clement MRT bus stop into the bus interchange's dropping off site. Imagine how can a single bus stop along the Commonwealth Avenue West be the drop off point for an entire bus interchange? Needless to say, that bus stop is jammed all day, and is extremely accident prone.
The Clementi road is a night mare every 6pm - 8pm full of jams. It is a special road where people would exit AYE and go north towards Ngee Ann Poly, UniSIM and Bukit Timah Road.
The Stadium is completely wasted as it is on the other side of the AYE. There is no convenient bus shuttle there as well.
There is a completely run down Clement Woods park that has become more like a jungle than a park by now. I even heard that there were rape cases there as well.
In short there are lots of room for improvement in Clementi. We are kind of like living without a manager all these years. Activities are very localised around Blk 381 and does not spread to the rest of the town. There were no PAP making rounds before RP mentioned that they are interested in West Coast GRP. In fact up till today, there were still no news about PAP making rounds. Therefore in this sense, RP has won already PAP already (well done!) I guess our MPs are much more busy than other PAP members such as Wong Kan Seng and Goh Chok Tong. No wonder we are so neglected. Our MPs are more like fire-fighters rather than having a plan on how to make Clementi better.
Please come and rescue us and we shall give you at least 10 years of refuge as MPs.
And also don't say the MPs didn't make his rounds if you got evidence please show.
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The Reform Party’s Stance on SERS
Posted: 25th April 2011
(http://thereformparty.net/blog/2011/04/25/the-reform-partys-stance-on-sers/)
Yesterday Channel News Asia carried a report* on our visit to Blk 323 Clementi Avenue 5 to find out why homeowners were so unhappy with the compensation they had been offered under the SERS (Selective Enbloc Redevelopment Scheme).
Unfortunately they left out my explanation as to why the SERS scheme was inequitable and how we would improve current policy.As we understood it, the residents, many of whom were elderly, had had no choice as the HDB had selected their blocks for SERS. They were offered new flats but discovered that they would have to come up with in the region of $50,000 to bring their flats up to any kind of habitable standard. They would have to come up with much more if they wanted to live on a higher floor. As their current flats are only 34 years old and have recently been upgraded they are entitled to feel aggrieved.
The Reform Party’s stance has always been that 99-year leases leave Singaporeans dependent on the government for the value of their property. There is an assumed implicit contract that the government will replace old HDB flats for new and that owners will receive a favourable exchange rate. How else to explain why the price of a second-hand HDB flat does not depreciate like a similar leasehold private property does? The problem arises that the government could at any time withdraw its commitment to SERS old flats and then their resale value would drop sharply. Ultimately the price of these flats would go to zero as the lease expiry date approached. In my comment on the upgrading schemes in “Why Singaporeans Should See through the Upgrading Carrot”**, I wrote:
Residents of older flats which are subject to the Selective Enbloc Redevelopment Scheme (SERS) may think they are getting a good deal as their old flats are replaced with new ones with approximately the same market value. However as there is normally a change in land density, involving the construction of much taller and bigger blocks packed more tightly together , the whole of the increase in the market value of the land may not be passed on to the leaseholder. In addition the new flats, though technically the same number of rooms, are much smaller than those built even fifteen or twenty years ago.
The Reform Party plans to allow HDB leaseholders to buy out their freeholds if this is technically possible so that they can sell their flats to the highest bidder and benefit from the full uplift in value just as those who own private property are allowed to do. We are confident that this will be of much greater economic benefit to homeowners than upgrading schemes that are largely self-financing. It will also be better than being effectively forced to relocate to new blocks at a location of the government’s choosing. Nothing could more clearly illustrate that HDB owners are merely long-term tenants than owners with full rights to their property.
Mr Arthur Fong, the PAP MP for West Coast Clementi ward, has commented that only 1 in 10 householders are unhappy with the deal they receive from SERS. While we are sceptical that residents would be entirely truthful when faced with a monopoly government-owned freeholder with so much power over their lives, they may also be simply unaware of the better terms they would get if they owned the freehold to their property and were able to receive more of the value of any change in land use or density.
While the government’s Asset Inflation (Enhancement) Strategy works as our population grows exponentially while the HDB holds down supply like a typical monopolist, HDB owners may be happy because they never have to face up to the economic implications of owning a leasehold property. However should there be a substantial and sustained fall in property prices, due, say, to a global economic slowdown and a shrinkage in Singapore’s foreign worker population, then the government may no longer find it profitable to honour the implicit guarantee and HDB leaseholders may be stuck with what are in essence limited time value claims that go to zero eventually.
The Reform Party wants to give all Singaporeans the right to buy the freehold to their HDB at a reasonable price. This will allow them to receive the full economic value of their property when they sell. It will also prevent the decision of whether they get to exchange their old property for a new one or whether their leasehold interest goes to zero being at the whim of the government. As an initial step, if we are elected to represent the people of West Coast we promise to fight in Parliament for better terms for residents from the SERS.
*http://www.channelnewsasia.com/stories/singaporelocalnews/view/1124611/1/.html
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Originally posted by tranquilice:
The Reform Party’s Stance on SERS
Posted: 25th April 2011 By Kenneth Jeyaretnam
(http://thereformparty.net/blog/2011/04/25/the-reform-partys-stance-on-sers/)
Yesterday Channel News Asia carried a report* on our visit to Blk 323 Clementi Avenue 5 to find out why homeowners were so unhappy with the compensation they had been offered under the SERS (Selective Enbloc Redevelopment Scheme).
Unfortunately they left out my explanation as to why the SERS scheme was inequitable and how we would improve current policy.As we understood it, the residents, many of whom were elderly, had had no choice as the HDB had selected their blocks for SERS. They were offered new flats but discovered that they would have to come up with in the region of $50,000 to bring their flats up to any kind of habitable standard. They would have to come up with much more if they wanted to live on a higher floor. As their current flats are only 34 years old and have recently been upgraded they are entitled to feel aggrieved.
The Reform Party’s stance has always been that 99-year leases leave Singaporeans dependent on the government for the value of their property. There is an assumed implicit contract that the government will replace old HDB flats for new and that owners will receive a favourable exchange rate. How else to explain why the price of a second-hand HDB flat does not depreciate like a similar leasehold private property does? The problem arises that the government could at any time withdraw its commitment to SERS old flats and then their resale value would drop sharply. Ultimately the price of these flats would go to zero as the lease expiry date approached. In my comment on the upgrading schemes in “Why Singaporeans Should See through the Upgrading Carrot”**, I wrote:
Residents of older flats which are subject to the Selective Enbloc Redevelopment Scheme (SERS) may think they are getting a good deal as their old flats are replaced with new ones with approximately the same market value. However as there is normally a change in land density, involving the construction of much taller and bigger blocks packed more tightly together , the whole of the increase in the market value of the land may not be passed on to the leaseholder. In addition the new flats, though technically the same number of rooms, are much smaller than those built even fifteen or twenty years ago.
The Reform Party plans to allow HDB leaseholders to buy out their freeholds if this is technically possible so that they can sell their flats to the highest bidder and benefit from the full uplift in value just as those who own private property are allowed to do. We are confident that this will be of much greater economic benefit to homeowners than upgrading schemes that are largely self-financing. It will also be better than being effectively forced to relocate to new blocks at a location of the government’s choosing. Nothing could more clearly illustrate that HDB owners are merely long-term tenants than owners with full rights to their property.
Mr Arthur Fong, the PAP MP for West Coast Clementi ward, has commented that only 1 in 10 householders are unhappy with the deal they receive from SERS. While we are sceptical that residents would be entirely truthful when faced with a monopoly government-owned freeholder with so much power over their lives, they may also be simply unaware of the better terms they would get if they owned the freehold to their property and were able to receive more of the value of any change in land use or density.
While the government’s Asset Inflation (Enhancement) Strategy works as our population grows exponentially while the HDB holds down supply like a typical monopolist, HDB owners may be happy because they never have to face up to the economic implications of owning a leasehold property. However should there be a substantial and sustained fall in property prices, due, say, to a global economic slowdown and a shrinkage in Singapore’s foreign worker population, then the government may no longer find it profitable to honour the implicit guarantee and HDB leaseholders may be stuck with what are in essence limited time value claims that go to zero eventually.
The Reform Party wants to give all Singaporeans the right to buy the freehold to their HDB at a reasonable price. This will allow them to receive the full economic value of their property when they sell. It will also prevent the decision of whether they get to exchange their old property for a new one or whether their leasehold interest goes to zero being at the whim of the government. As an initial step, if we are elected to represent the people of West Coast we promise to fight in Parliament for better terms for residents from the SERS.
*http://www.channelnewsasia.com/stories/singaporelocalnews/view/1124611/1/.html
It so sad to see that RP has not even bothered to find out the details of the enbloc at Clementi AVe 5 before it commented on the issue and not to mention of help to these owners.
Please see the HDB url link for the details on the enbloc scheme at Clementi Ave 5
http://www101.hdb.gov.sg/hdbvsf/eampu200.nsf/0/11FEBCL_ve_page/$file/main.htmIt is HDB that will give the 3 room owners with $50,000 for a 3 room to 3 room offer NOT these owners have to come up $50,000 as claimed by the RP.
The knowledge of RP on the enbloc scheme is very superficial. Please call up any property agent who deals with enbloc sales at Clementi Ave 5 before it should try to make any further comments or offer suggestions on the issue.
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Extracted this first hand account from hardwarezone:
____________________
Choices given:-
4-rm flat to 4-rm flat: Get $50+K
4-rm flat to 5-rm flat: Top up $50+K
They valued the existing unit at $294K (presently, 4-rd flats on resale market in Clementi is going at above $400K), while the price of the new 5-rm flat is $350K.
We decided to top up and get the 5-rm flat.
Think new flats ready only in mid-2013._________________________
I think there are quite a lot of half truths floating around so this is my take:
An apple to apple (eg 4rm to 4rm) switch would allow the flat owner to receive 50k of compensation but....is it worth it? There's renovation for the new flat, stress of moving from your comfort zone, new environment etc.
4 rm to 4 rm switch does not mean the new flat is of the same floor area. It is likely to much smaller. And so, residents are considering upgrades to 5 rm flats but that means forking out at least 50k cash. Moreover, the market value of a 4 rm clementi flat as above is 400k plus but HDB offers just 294k. It's a kind of short change if you ask me. Doesn't help that the SERS letter is just shoved cold in their faces, expecting them to comply.
The way this SERS shit is going, every singaporean will eventually be screwed. There are so many 35 year old flats out there and it's a only a matter of time before it's your turn.
So vote wisely, vote the PAP out for change.
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Normally if a flat is under enbloc, your unit will be valuated by the hdb officers. They will take photos and then do the calculation of how much they going to compensate your flat. The owners need to have that final amount before offset the actual amount of the new flat. The differences will be top up + if live near parents, extra deduction also.
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Originally posted by Seowlah:
It so sad to see that RP has not even bothered to find out the details of the enbloc at Clementi AVe 5 before it commented on the issue and not to mention of help to these owners.
Please see the HDB url link for the details on the enbloc scheme at Clementi Ave 5
http://www101.hdb.gov.sg/hdbvsf/eampu200.nsf/0/11FEBCL_ve_page/$file/main.htmIt is HDB that will give the 3 room owners with $50,000 for a 3 room to 3 room offer NOT these owners have to come up $50,000 as claimed by the RP.
The knowledge of RP on the enbloc scheme is very superficial. Please call up any property agent who deals with enbloc sales at Clementi Ave 5 before it should try to make any further comments or offer suggestions on the issue.
I bet you RP has better first hand information than you do, dude. They have first hand accounts and they have access to the letters given to the residents.
What you've touched on is just the icing on the cake.
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My neighour pocked ten of thousands of dollars for a one to one exchange (3 room to 3 room). Hard cash.
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Originally posted by Rock^Star:
Extracted this first hand account from hardwarezone:
____________________
Choices given:-
4-rm flat to 4-rm flat: Get $50+K
4-rm flat to 5-rm flat: Top up $50+K
They valued the existing unit at $294K (presently, 4-rd flats on resale market in Clementi is going at above $400K), while the price of the new 5-rm flat is $350K.
We decided to top up and get the 5-rm flat.
Think new flats ready only in mid-2013._________________________
I think there are quite a lot of half truths floating around so this is my take:
An apple to apple (eg 4rm to 4rm) switch would allow the flat owner to receive 50k of compensation but....is it worth it? There's renovation for the new flat, stress of moving from your comfort zone, new environment etc.
4 rm to 4 rm switch does not mean the new flat is of the same floor area. It is likely to much smaller. And so, residents are considering upgrades to 5 rm flats but that means forking out at least 50k cash. Moreover, the market value of a 4 rm clementi flat as above is 400k plus but HDB offers just 294k. It's a kind of short change if you ask me. Doesn't help that the SERS letter is just shoved cold in their faces, expecting them to comply.
The way this SERS shit is going, every singaporean will eventually be screwed. There are so many 35 year old flats out there and it's a only a matter of time before it's your turn.
So vote wisely, vote the PAP out for change.
Any case for some ageing folks they dun mind the smaller flats as their children has gotten married anyway.
Smaller unit less things to keep/ clean
The govt is smart for in this case your're 'buying' from them is a new unit. Not resale
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It's not called en-bloc
it's SERS
They've done for another group of Clementi flats, w/ replacement opp NUS UTown
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Well to change the status quo of old folks by law is something quite cruel in my opinion. Oh anyway, see how it goes.
I believe SERS stands for selective en-bloc redevelopment scheme. So it's en bloc :)
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Originally posted by Rock^Star:
I bet you RP has better first hand information than you do, dude. They have first hand accounts and they have access to the letters given to the residents.
What you've touched on is just the icing on the cake.
Rock^Star,
My uncle lives in Block 323, Clementi Ave 5 ie one of the 3 SER blocks at Clementi Ave 5. So, I have the access to the SER package and letter from the HDB.
RP was invited by Mr Tong who had just bought a re-sale flat in the SER/Enbloc for the meeting. RP was not well-received by the other owners at the meeting and these owners do not want to politicse the issue and they only want dialogue with the HDB for better compensation and financing.
There are a number of other options for these owners.
PS : Yes, I bet that you have better information and you MISTAKENLY believe that the compensation value of a 4-room flat at the Clementi Ave 5 is $294,000 instead of the accurate $490,000 by the HDB.
Please refer to the HDB url link for the details and accurate infomation of the SER flats at Clement Ave 5 that I posted in an earlier post.
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CLE bus station should be ready soon. Ditto for the new library.
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Originally posted by Seowlah:
Rock^Star,
My uncle lives in Block 323, Clementi Ave 5 ie one of the 3 SER blocks at Clementi Ave 5. So, I have the access to the SER package and letter from the HDB.
RP was invited by Mr Tong who had just bought a re-sale flat in the SER/Enbloc for the meeting. RP was not well-received by the other owners at the meeting and these owners do not want to politicse the issue and they only want dialogue with the HDB for better compensation and financing.
There are a number of other options for these owners.
PS : Yes, I bet that you have better information and you MISTAKENLY believe that the compensation value of a 4-room flat at the Clementi Ave 5 is $294,000 instead of the accurate $490,000 by the HDB.
Please refer to the HDB url link for the details and accurate infomation of the SER flats at Clement Ave 5 that I posted in an earlier post.
$294,000 is not a mistake. It's a first hand account from clementi ave 1. Why don't you scan your uncle's letter here? That would be helpful. Blank out his name.
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Originally posted by Rock^Star:
$294,000 is not a mistake. It's a first hand account from clementi ave 1. Why don't you scan your uncle's letter here? That would be helpful. Blank out his name.
The valuation report by the HDB is not done yet. So, the actual compensation value for my uncle's 3 room flat is not known yet. In the SER package, the esimated compensation value by the HDB for a 3-room (67m^2) is $350,000 to $400,000 depending on the floor level and condition of the flat. The compensation value for my uncle's flat will probably be on the lower end as my uncle is the original ie first owner with little and worn-out renovation. With the estimated removal allowance and stamp and legal fees provided by the HDB, the compensation value for his 3-room flat will be $365,500 to $408,000.