{"id":21907,"date":"2016-08-04T06:00:44","date_gmt":"2016-08-03T23:00:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-road-site-up-for-sers\/"},"modified":"2016-08-04T06:04:33","modified_gmt":"2016-08-03T23:04:33","slug":"west-coast-road-site-up-for-sers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-road-site-up-for-sers\/","title":{"rendered":"West Coast Road site up for SERS"},"content":{"rendered":"


\nArtist\u2019s impression of the replacement flats at Clementi Avenue 1. Source: HDB
\nA new site along West Coast Road has been identified for the Selective En bloc Redevelopment Scheme (SERS), the Housing and Development Board (HDB) said on Wednesday, 3 August.
\nThis is the 80th site to benefit from SERS since its introduction in 1995.
\nThe 994 sold flats in Blocks 513 to 520 were built in 1979. The SERS plan also involves 14 sold shops and an eating house.
\nAccording to the HDB, SERS only applies to areas with good redevelopment potential, and offers residents an opportunity to move to new flats on fresh 99-year leases.
\nOther benefits include compensation for their flats based on market value at the time of the SERS announcement, as well as payment of expenses to help in the relocation.
\nIn addition, eligible singles looking to purchase a replacement flat can apply for a SERS grant of $15,000, while joint singles and families are eligible for a $30,000 grant.
\nMeanwhile, the replacement flats at Clementi Avenue 1 and West Coast Link will range from 2-room Flexi to 3Gen flats. These new flats are scheduled to be completed in the third quarter of 2022.
\nThe two sites are located near several amenities, including the Clementi MRT station and bus interchange, Clementi Mall and West Coast Plaza.
\nThe Housing Board will inform all SERS flat owners and commercial property owners individually of these plans.
\nFor more information on SERS, flat owners can call 1800-866 3070, while commercial property owners can call 1800-866 3073.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…West Coast Road site up for SERS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the replacement flats at Clementi Avenue 1. Source: HDB A new site...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21907","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5Hl","jetpack-related-posts":[{"id":49789,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wong-not-all-old-hdb-flats-are-eligible-for-sers\/","url_meta":{"origin":21907,"position":0},"title":"Wong: Not all old HDB flats are eligible for SERS","date":"March 27, 2017","format":false,"excerpt":"\r The vast majority of HDB flats will see their leases run out, with the flats returned to the government. Do not assume that all old HDB flats are automatically eligible for the Selective En bloc Redevelopment Scheme (SERS), cautioned National Development Minister Lawrence Wong in a blog post last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90060,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/macpherson-lane-hdb-blocks-identified-for-sers\/","url_meta":{"origin":21907,"position":1},"title":"MacPherson Lane HDB blocks identified for SERS","date":"June 1, 2018","format":false,"excerpt":"\r New replacement flats for affected residents will be built at Circuit Road near MacPherson MRT station. (Photo: HDB) Three Housing and Development Board (HDB) blocks at MacPherson Lane have been identified for the Selective En bloc Redevelopment Scheme (SERS). \u201cBlocks 81 to 83 MacPherson Lane comprise 313 sold flats,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53792,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vast-majority-of-hdb-flats-not-qualified-for-sers\/","url_meta":{"origin":21907,"position":2},"title":"Vast majority of HDB flats not qualified for SERS","date":"May 5, 2017","format":false,"excerpt":"\r Prices of HDB resale units may not increase as sharply as during 2006 to 2012. 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