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Site Identified for Redevelopment												Replacement Sites
Street Name	Block No.	Storey Height	Com-pletion Date	No. of Sold Flats				Rental Flats	Sold Shops	Sold Eating House	Rental Kiosk	Locat-ion	Storey Height	Estimated Number of Flats Available
				3- room	4- room	5- room/ Exec *	Total
Sims Drive	54, 56, 57, 59, 60 and 62	12/13	1975/ 76/78	587	636	13	1,236	34	12	1	1	Refer to Annex B	16 to 29	1,670
Upper Boon Keng Road	20	16	1974	277	0	4	281	15	0	0	1
Total				864	636	17	1,517	49	12	1	1	Total		1,670

* The 5-room/executive flats comprise converted flats, where flat lessees have bought two adjoining units and converted them into one.




Site Plan for SERS sites

ACTIVITY	TIME PERIOD
Registration for replacement flats	End 2006
Construction of new flats	Early 2007
Completion of new flats	Mid 2010 (Estimated)

(a)Compensation for their existing flats based on the prevailing market value;

(b)Assured allocation of new flats at the designated replacement site if eligible;

(c)Purchase of replacement flats at subsidised prices frozen as at the date of SERS announcement;

(d)20% price discount (up to $11,000, $22,000 and $30,000 for singles, joint singles and families respectively), if eligible, for the purchase of the replacement flats;

(e)Option to sell the rehousing benefits to eligible buyers;

(f)Exemption from the payment of resale levy for the existing flats;

(g)Concessionary mortgage loan for the replacement flats for eligible SERS lessees, subject to credit assessment; and

(h)A comprehensive financial package to ease the cash flow for purchase of the replacement flats.


Note:Eligible SERS lessees who do not wish to take up the new replacement flats can choose to sell their existing flats with the rehousing benefits to buyers who are eligible to buy flats directly from HDB. With the sale proceeds, which will include a premium for the rehousing benefits, they can then buy a resale flat in their preferred location.








Tenants will be given priority allocation of:
· New flats in designated SERS replacement sites
· New flats under Balloting Exercise as and when launched
· New flats under Build-To-Order System as and when launched


Tenants staying alone will be allowed to include off-site kin (i.e. children, spouse or parent/s) as co-applicant(s) to form a family nucleus to buy a HDB flat.

Tenants with proper family nucleus may include off-site relatives (i.e. grandchildren, nephews and nieces) as co-lessees to help finance and buy a HDB flat.


Tenants who are first-timers and opt to buy flats directly from HDB may be granted tenancy discount of 3% off the purchase price per year of tenancy, up to 30% or $15,000, whichever is lower and subject to the prevailing policy at the time of purchase.


Option fee for tenants who are eligible for HDB concessionary interest rate housing loan and buying 4-room or smaller flats will be waived ($2,000 for 4-room flats, $1,000 for 3-room flats).


Tenants who have booked new home ownership flats under construction will be allocated temporary rental flats and are required to move out from the affected rental block by the date stated in their relocation letters.


Tenants who wish to continue to rent flats will be given priority allocation of alternative rental flats.


Tenants will be given a $1,000 removal allowance.