Asked by Anonymous
That's the idea ,Many people still don't see the idea? With salary 10 k and 10% ,You're are able to loan for Private Condo 1.3 million home but unable to meet the 800 k loan for HDB 5 room. WHY HDB 99 years leasehold is a GOD's GIFTED Prize over the 99 years PRIVATE property. Standing for Selective En-Bloc Redevelopment Scheme, the SERS was first launched in 1995 by HDB (Housing and Development Board). The objective is to select flats in the older housing estates, usually more than 25 years old, for redevelopment purposes. Residents of the selected flats are compensated at MARKET VALUES + COV selected for SERS and plus given PRIORITES in the new replacement runs by HDB flat first or private your pick, ,(see Rochor Site as example COV 100K)HDB site down,Private site flat up.Now 85%-90% HDB.By 2050 Singapore future home will be 5% HDB 95% Private
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