Rejoice Sinki…Lord Chee has announced a future upgrade path to your pigeon holes under VERS scheme to help u

[k1976]

First voluntary redevelopment projects for HDB flats likely to be launched in first half of 2030s​

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National Development Minister Chee Hong Tat said that the public will be consulted on the Vers framework in this term of Government.

ST PHOTO: MARK CHEONG

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HDB

Summary

• The government will focus on Vers (Voluntary Early Redevelopment Scheme) with "no plans to do any more Sers" (Selective En bloc Redevelopment Scheme).
• Vers aims to redevelop older estates progressively, starting in the 2030s, to avoid mass relocations in the 2070s/2080s and will likely start "with a few selected sites".
• HIP II (Home Improvement Programme II) will be more extensive than HIP, with new detection technologies for older flats; HIP II and Vers aren't mutually exclusive.

 

[k1976]

SINGAPORE – The Voluntary Early Redevelopment Scheme (Vers) for Housing Board flats will likely begin with a few sites in the first half of the 2030s, said National Development Minister Chee Hong Tat in a long-awaited update on the scheme.

Looking ahead, the Government will focus its efforts on Vers, with no plans for further projects under the Selective En bloc Redevelopment Scheme (Sers), he told local media outlets in an interview on Aug 5.

Mr Chee also gave an update on Home Improvement Programme II, or HIP II, which refers to the

second round of upgrades that HDB flats will undergo

, to last flat owners till the end of their 99-year lease.

 

[k1976]

Under both Sers and Vers, the Government takes back flats before the end of their 99-year lease to redevelop them and meet housing needs.

While Sers is a compulsory scheme, which gives the Government full discretion on which HDB precincts to redevelop, Vers will involve home owners of selected precincts aged about 70 and up choosing if they want their homes to be acquired by the Government for redevelopment, before their leases run out.

Under Sers – which began in 1995 – home owners are compensated based on the market value of their flats when a project is announced.

 

[k1976]

The terms of Vers have not been finalised. Mr Chee on Aug 5 set out the timeline for its implementation, in the first significant update since Vers was

announced at the 2018 National Day Rally

.


“In this term of government, our aim is to develop and flesh out the Vers framework,” said Mr Chee, who took office in May following the general election. The next election must be called by 2030


This includes “setting parameters to identify possible Vers sites, ensuring sufficient homes are ready in time for residents who are involved in Vers to relocate to, and working out a fair package for Vers residents”, he said.

“Unlike Sers, which involves precincts with high redevelopment potential, there is less financial upside to Vers, because the flats will be older, and hence the terms will be less generous,” he added.

 

[birdie69]

The terms of Vers have not been finalised. Mr Chee on Aug 5 set out the timeline for its implementation, in the first significant update since Vers was

announced at the 2018 National Day Rally

.


“In this term of government, our aim is to develop and flesh out the Vers framework,” said Mr Chee, who took office in May following the general election. The next election must be called by 2030


This includes “setting parameters to identify possible Vers sites, ensuring sufficient homes are ready in time for residents who are involved in Vers to relocate to, and working out a fair package for Vers residents”, he said.

“Unlike Sers, which involves precincts with high redevelopment potential, there is less financial upside to Vers, because the flats will be older, and hence the terms will be less generous,” he added.

Change policy again? Why confuse us again?

 

[k1976]

Change policy again? Why confuse us again?

Pigeon hole has a more “upgradable” road map to enhance its value de woh

Can flip roti prata again and again to evergreen SG Property 神话

 

[Loofydralb]

Another scam that will make you pay.

Why don't you idiots migrate?
Why make your children and grandchildren slog like you to only have nothing to show after you die?

 

[k1976]

Another scam that will make you pay.

Why don't you idiots migrate?

Dun say like that…this provide the 65% a dream worth chasing for mah… so that more Jiuhu Kia can participate this transgenerational Huat big big dream de woh

 

[batman1]

So many programmes .Are they applicable to u ???

 

[bobby]

Kong lai kong kee…the flat under VERS or SERS also not yours.