Wednesday, January 18, 2012

Rochor Centre case: Compensation relook?

Straits Times: Wed, Jan 18
THE Housing Board (HDB) will consider setting up a committee with the MP and grassroots leaders to look at compensation policies and help residents affected by the Rochor Centre acquisition 'find the best way out', said National Development Minister Khaw Boon Wan yesterday.


He assured Ms Denise Phua (Moulmein-Kallang GRC) that the Government is 'extremely mindful that this is an acquisition... and we'll be as fair as we can'.


She had asked if the board would consider setting up a small workforce to relook some of its compensation policies. She said there was a case for them to be 'updated and improved' since, in acquisitions, 'residents lose the choice of time they would prefer to sell and also the choice of their preferred dwelling'.


Last November, the Government announced that the 34-year-old Rochor Centre would be acquired for construction of the southern stretch of the North-South Expressway, scheduled to be completed in 2020.


The acquisition will affect 567 HDB flats in four blocks as well as 187 shops and eating houses. As part of a compensation package, residents were assured of new flats near Kallang MRT station, due to be completed by 2016, on top of additional discounts for eligible households...

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