Written Answer by Ministry of National Development on the Selective En bloc Redevelopment Scheme (SERS)
Feb 5, 2018
Mr Pritam Singh: To ask the Minister for National Development how many HDB blocks does the Ministry project to redevelop under the Selective En-Bloc Redevelopment Scheme over the next 10-20 years when many HDB flats will have less than 60 years left on their leases and progressively lose their value until the lease run-out date.
Answer:
The Selective En bloc Redevelopment Scheme (SERS) is implemented on a highly selective basis. The Government will announce SERS for suitable precincts only where feasible, after a careful evaluation on a site-by-site basis, taking into consideration various factors such as the redevelopment potential, availability of suitable replacement sites, and the Government’s financial resources. We do not share details on the blocks to be redeveloped or other related information ahead of the SERS exercise, as these are market-sensitive information.