Tag Archives: HDB News

Four blocks in Bukit Merah View to undergo Selective EnBloc Redevelopment

Four blocks of flats at Bukit Merah View – blocks 110, 111, 113 and 114 – will undergo the Selective EnBloc Redevelopment Programme (SERS).

Member of Parliament (MP) for Tanjong Pagar GRC and Deputy Speaker of Parliament Indranee Rajah made the announcement at the division’s tree planting day activities, attended by Minister Mentor Lee Kuan Yew and the MPs of the GRC.

Ms Indranee noted that the residents in the blocks were disappointed because they had not been upgraded.

However, under the SERS programme, the residents of affected blocks will be offered replacement flats at the new precinct at Boon Tiong, which is next to Tiong Bahru Plaza and the Tiong Bahru MRT Station.

Ms Indranee noted that there were 700 units of new Studio Apartments, three-room, four-room and five-room flats available for selection at subsidised prices.

Once the redevelopment is completed, the owners of the four blocks can look forward to a brand new living environment.

They will receive compensation for their existing flats based on its current market value.

HDB will inform each of the owners of the compensation for their flats.

HDB is also holding a SERS exhibition from November 12 to 18 so that residents can find out more about the programme for the blocks involved.

Source : Channel NewsAsia – 8 Nov 2009

HDB: Divorcee should be able to get loan

We refer to the letter from Ms Norliah Abu, ‘Divorced and can’t afford a flat’ (Oct11).

We have looked into Ms Norliah’s circumstances. She has enjoyed housing subsidies in the form of a Central Provident Fund (CPF) housing grant and HDB concessionary loan. She transferred her executive flat to her ex-husband in December 2007.

Based on her CPF savings and her monthly salary, she should be able to obtain a bank loan to purchase a flat.

Ms Norliah and her two children are currently living with her brother. She has applied for a four-room flat in Jurong West under our Sale of Balance Flats exercise.

The average purchase price of a four-room flat in Jurong West is about $260,500.

Based on the Housing Board’s preliminary assessment, she will need a bank loan of about $140,000 for the intended flat purchase. She can pay her monthly instalments solely using her monthly CPF contributions. Continue reading