how-to-monetise-your-hdb-flat-for-retirement-in-singapore

Dear Editor,

I refer to the commentary, “SERS an increasingly tricky balancing act between flat owners and Government”. (TODAY, July 14).

Some pertinent questions regarding SERS (Selective En-bloc Redevelopment Scheme) have been lingering in the minds of many households of Singaporeans:

It is understandable if land cost is integrated into the overhead costs of construction for commercial and industrial projects as they are profit-oriented, but not for the public housing projects, as each household needs an affordable roof over their heads. Further, each household has to pay property tax throughout its 99-year lease.

If any changes or adjustments to the public housing policy regarding the compensations of SERS program for now and for the future, it is good and significant for the HDB to inform the public via mainstream, alternative, and social media so that all the flat owners are kept informed of the changes, for example, residents who are affected by SERS have to pay an additional top-up for a fresh 99-year lease flat of the same type/size.

Otherwise, it is not fair to blame affected residents to draw comparisons of the past compensations in some estates a decade ago.

Teo Kueh Liang


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