Artist’s impression of the replacement flats at Clementi Avenue 1. Source: HDB
A new site along West Coast Road has been identified for the Selective En bloc Redevelopment Scheme (SERS), the Housing and Development Board (HDB) said on Wednesday, 3 August.
This is the 80th site to benefit from SERS since its introduction in 1995.
The 994 sold flats in Blocks 513 to 520 were built in 1979. The SERS plan also involves 14 sold shops and an eating house.
According to the HDB, SERS only applies to areas with good redevelopment potential, and offers residents an opportunity to move to new flats on fresh 99-year leases.
Other benefits include compensation for their flats based on market value at the time of the SERS announcement, as well as payment of expenses to help in the relocation.
In addition, eligible singles looking to purchase a replacement flat can apply for a SERS grant of $15,000, while joint singles and families are eligible for a $30,000 grant.
Meanwhile, the replacement flats at Clementi Avenue 1 and West Coast Link will range from 2-room Flexi to 3Gen flats. These new flats are scheduled to be completed in the third quarter of 2022.
The two sites are located near several amenities, including the Clementi MRT station and bus interchange, Clementi Mall and West Coast Plaza.
The Housing Board will inform all SERS flat owners and commercial property owners individually of these plans.
For more information on SERS, flat owners can call 1800-866 3070, while commercial property owners can call 1800-866 3073.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
