{"id":53792,"date":"2017-05-05T09:26:04","date_gmt":"2017-05-05T02:26:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/vast-majority-of-hdb-flats-not-qualified-for-sers\/"},"modified":"2017-05-05T09:49:39","modified_gmt":"2017-05-05T02:49:39","slug":"vast-majority-of-hdb-flats-not-qualified-for-sers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vast-majority-of-hdb-flats-not-qualified-for-sers\/","title":{"rendered":"Vast majority of HDB flats not qualified for SERS"},"content":{"rendered":"


\nPrices of HDB resale units may not increase as sharply as during 2006 to 2012.
\nNational Development Minister Lawrence Wong revealed that most public housing are not eligible for the Selective En Bloc Redevelopment Scheme (SERS), whereby the government purchases homes at prevailing market rate, while the residents are offered discounted new units in another development, reported the Singapore Business Review.
\nHDB flats not qualified for SERS are recovered by the Housing Board once the building\u2019s tenure has lapsed, according to the HDB Market Pulse report from OrangeTee.
\n\u201cBesides the remaining lease, there are other factors which affect the resale price of an HDB, such as current economic conditions, local supply and demand dynamics, availability of nearby amenities, upgrading works etc.\u201d
\n\u201cFor example, the prices of old three-room flats in Bukit Merah have seen an uptrend in prices from 2001 to 2013 despite their declining lease,\u201d said the property agency.
\nWhile the effect of Wong\u2019s statement is expected to be marginal as most old HDB flats have remaining leasehold tenure of more than 50 years, OrangeTee advised people to exercise prudence when purchasing one as HDB resale units may no longer post a sharp increase in prices similar to what was witnessed in 2006 to 2012.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Vast majority of HDB flats not qualified for SERS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Prices of HDB resale units may not increase as sharply as during 2006 to 2012....<\/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-53792","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-dZC","jetpack-related-posts":[{"id":90060,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/macpherson-lane-hdb-blocks-identified-for-sers\/","url_meta":{"origin":53792,"position":0},"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":127552,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-offers-two-new-rehousing-options-for-sers-flat-owners-singapore-private-homes-hdb-resale-prices-up-in-q2-2022-and-more\/","url_meta":{"origin":53792,"position":1},"title":"HDB offers two new rehousing options for SERS flat owners, Singapore private homes, HDB resale prices up in Q2 2022 and more","date":"July 5, 2022","format":false,"excerpt":"\r HDB offers two new rehousing options for SERS flat owners, Singapore private homes, HDB resale prices up in Q2 2022 and more28th June to 4th\u00a0July 2022 The Housing and Development Board (HDB) unveiled two additional rehousing options under the Selective En bloc Redevelopment Scheme (SERS) to provide more choices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/07\/HDB-offers-two-new-rehousing-options-for-SERS-flat-owners-cover-image.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":49789,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wong-not-all-old-hdb-flats-are-eligible-for-sers\/","url_meta":{"origin":53792,"position":2},"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":71623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-hdb-flats-resold-for-over-1mil\/","url_meta":{"origin":53792,"position":3},"title":"3 HDB flats resold for over $1mil","date":"November 13, 2017","format":false,"excerpt":"\r Despite a steady drop in HDB resale prices, at least three units in Holland Village and Commonwealth have been sold for more than $1 million so far this year, reported the Straits Times. 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Meanwhile, sales for new private homes more than doubled in May, rising 105.5% to 1,356 units last month from 660 units in April. \u00a0\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/06\/news-20-june-cover-image-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":21907,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-road-site-up-for-sers\/","url_meta":{"origin":53792,"position":5},"title":"West Coast Road site up for SERS","date":"August 4, 2016","format":false,"excerpt":"\r Artist\u2019s impression of the replacement flats at Clementi Avenue 1. Source: HDB A 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. 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