{"id":90060,"date":"2018-06-01T10:51:10","date_gmt":"2018-06-01T03:51:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/macpherson-lane-hdb-blocks-identified-for-sers\/"},"modified":"2018-06-01T11:03:34","modified_gmt":"2018-06-01T04:03:34","slug":"macpherson-lane-hdb-blocks-identified-for-sers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/macpherson-lane-hdb-blocks-identified-for-sers\/","title":{"rendered":"MacPherson Lane HDB blocks identified for SERS"},"content":{"rendered":"


\nNew replacement flats for affected residents will be built at Circuit Road near MacPherson MRT station. (Photo: HDB)
\nThree Housing and Development Board (HDB) blocks at MacPherson Lane have been identified for the Selective En bloc Redevelopment Scheme (SERS).
\n\u201cBlocks 81 to 83 MacPherson Lane comprise 313 sold flats, which are about 50 years old,\u201d revealed the Housing Board in a statement on Thursday (31 May). Blocks 81 to 83 also have 27 shops and two eating houses.
\nMore: HDB Launches 6,992 Flats In May
\nResidents at these blocks will be offered new replacement flats ranging from 2-room Flexi to 5-room flats at Circuit Road.
\nSet to be completed in Q2 2023, the replacement flats are situated near MacPherson MRT station and MacPherson Community Club.
\nMeanwhile, the commercial property owners will be given \u201ccompensation based on the market value of their units at the time of the SERS announcement\u201d.
\nThese owners may choose to acquire a new unit on a 30-year lease based on selling prices fixed at market value during the SERS announcement, rent a new unit based on the prevailing market rent during the time of letting, or choose not to take up a new unit and receive ex-gratia payment, which is pegged at 10 percent of the existing unit\u2019s market value.
\n\u201cHDB will inform all SERS flat owners and commercial property owners individually of these plans,\u201d it said.
\n\u201cThey will also be invited to a SERS exhibition which will be held from 2 to 4 June 2018.\u201d
\nLooking to buy an HDB flat? Read our\u00a0HDB guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…MacPherson Lane HDB blocks identified for SERS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New replacement flats for affected residents will be built at Circuit Road near MacPherson MRT...<\/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-90060","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-nqA","jetpack-related-posts":[{"id":57732,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/future-still-uncertain-for-old-circuit-road-flats\/","url_meta":{"origin":90060,"position":0},"title":"Future still uncertain for old Circuit Road flats","date":"June 13, 2017","format":false,"excerpt":"\r View of one of the HDB blocks at Circuit Road in MacPherson. The opening of Downtown Line 3 in October this year, which passes through the MacPherson area, has once again put the spotlight on a small HDB estate at Circuit Road. Considered one of the oldest housing estates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21907,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-road-site-up-for-sers\/","url_meta":{"origin":90060,"position":1},"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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