Straits Times: Thu, Nov 10
THE Housing Board has announced plans to redevelop four blocks of flats along East Coast Road.
Blocks 1, 2 and 3 are about 48 years old, and there are 82 households in total.
In the Selective En bloc Redevelopment Scheme (Sers), residents are compensated for their existing homes and given discounts on brand new flats.
Home owners are paid prevailing market rates for their homes.
This is the 75th Sers project since the scheme was introduced in 1995. So far, 34,000 households have come under the scheme.
The replacement flats for the latest group will be located in Chai Chee Road, and they can choose from two-, three-, four- and five-room flats in 15-storey blocks. HDB also said the new site will be within walking distance of Bedok MRT station and the bus interchange.
There are also nine shops and an eating house in the three affected five-storey blocks. Eligible shop tenants will get a $60,000 payout per tenancy, and get a 10 per cent rental discount on other HDB rental shops.
HDB said a fourth block, Block 4, which has 35 rental flats, will also be redeveloped.
Rental flats, meant for the poor and needy who cannot afford their own homes, are let out for between $30 and $275 a month. These tenants will be given priority allocation of rental flats elsewhere, and also a $1,000 allowance for the cost of moving.
All those affected will be contacted by HDB, and registration for the new flats will start at the end of next year.
The new flats are expected to be completed by mid-2015.
Source: The Straits Times © Singapore Press Holdings Ltd.
Martin Koh/ Sherry Tang