Friday, November 25, 2005

New Sites Identified for Selective En Bloc Redevelopment Scheme

The Government has identified two new sites for the Selective En bloc Redevelopment Scheme (SERS) as follows:

a)Blocks 54, 56, 57, 59, 60 and 62 Sims Drive; and
b)Block 20 Upper Boon Keng Road

This brings the total number of sites identified for SERS since its implementation in Aug 1995 to 58.

2.The blocks at these sites are between 27 and 31 years old with a total of 1,517 sold flats. The property profiles and locations of these blocks are at Annexes A and B.


Replacement Flats For Flat Lessees Involved

3.HDB will build about 1,000 new 3-room, 4-room and 5-room replacement flats at Bendemeer Road and Upper Boon Keng Road. Together with another 670 units of new 4-room and 5-room flats being built at Upper Boon Keng Road, a total of 1,670 new flats will be available to rehouse the SERS flat-owners. These new flats are in good locations, near Boon Keng or Kallang MRT stations, and are well-served by eating establishments and marketing and shopping facilities. The new flats at Bendemeer Road also front Kallang River and Sungei Whampoa.

4.Eligible SERS flat-owners will be invited to register for their replacement flats in end-2006. (Please refer to Annex C for the implementation plans and Annex D for the package of rehousing benefits to be extended to lessees.)


Commercial Properties Involved In SERS

5.The SERS plans will also involve 12 sold shops and 1 sold eating house at Block 54 Sims Drive and a rental kiosk each at Block 60 Sims Drive and Block 20 Upper Boon Keng. The shop lessees will be compensated based on the prevailing market value of their properties. HDB will grant eligible kiosk tenants an ex-gratia payment of $60,000 per tenancy and a 10% preferential discount on successful bids for other HDB rental commercial properties.


Clearance Of Rental Block

6.To facilitate comprehensive redevelopment of the SERS sites, the rental block at Block 55 Sims Drive (comprising 352 1-room flats) will also be cleared. HDB will offer eligible affected Public Rental Scheme tenants the relocation benefits set out in Annex E.


Information on SERS

7.To enable residents and commercial lessees/tenants to better understand the plans and benefits of SERS, HDB will hold an exhibition on these SERS projects as follows:


Date and Time
Venue
Tuesday, 29 Nov 2005 to
Monday, 5 Dec 2005
2.30 pm to 9.30 pm, including weekends
Void Deck of
Block 56 Sims Drive

8.HDB will also inform all SERS flat lessees, rental flat tenants and commercial lessees/tenants individually. For further information, they can call the following enquiry lines:

a)1800-866 3070 (for sold flats)
b)6418 8912 or 6418 8918 (for rental flats)
c)1800-866 3073 (for sold commercial premises)

Annex A


PROPERTY PROFILE


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.


Annex B


Site Plan for SERS sites



Annex C


IMPLEMENTATION PLAN FOR SERS AT BLOCKS 54, 56, 57, 59, 60 AND 62 SIMS DRIVE ANDBLOCK 20 UPPER BOON KENG ROAD


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




Annex D


REHOUSING BENEFITS FOR ELIGIBLE LESSEES AT SITES ANNOUNCED FOR SELECTIVE EN BLOC REDEVELOPMENT SCHEME

(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.




Annex E


RELOCATION BENEFITS FOR ELIGIBLE RENTAL TENANTS UNDER PUBLIC RENTAL SCHEME

Priority Allocation of Home Ownership Flats

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

Inclusion of Off-site Kin/Relatives for Joint Purchase of Flats

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.

Tenancy Discount

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.

Waiver of Fees

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).

Temporary Accommodation

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.

Priority Allocation of Rental Flats

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

Removal Allowance

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


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