May 24, 2021
Stackedhomes
To many Singaporeans, the Selective En-bloc Redevelopment Scheme (SERS) is one of the best possible outcomes for their HDB flat. The compensation is generous, your lease is topped up to 99-years again, and you have a whole list of replacement units to choose from.
But only a tiny minority of HDB estates are likely to see a SERS exercise, and the odds aren’t high. This week, we talked to J, a Singaporean who timed his HDB purchase just right and reaped the best benefits of SERS.
The Tanglin Halt SERS, and its early signs
J is a longtime Queenstown resident, who – as we write this – is soon to move to his replacement flat in Dawson. His previous home was in Tanglin Halt, the site of Singapore’s 79th SERS exercise (some of you may remember these flats, as the same ones that used to appear on our $1 bills).