Higher SERS compensation package gives residents more ‘certainty:’ Huttons
HDB said the value was higher than earlier estimates.
Residents affected by the Ang Mo Kio Avenue 3 Selective En bloc Redevelopment Scheme (SERS) programme will gain more certainty as the compensation for them was higher than expected, Huttons Asia, said.
The amount is 7.5% higher than the estimates with one in five SERS households having applied for a new flat at sales exercises, HDB recently announced.
“With the compensation amount determined, residents will be able to plan for their replacement flat with more certainty,” said Huttons Asia, in a statement.
Huttons added that the “methodology is well-established in the industry and widely accepted.”
The upcoming BTO exercise in November will bring about 9,500 flats and there will be another 2,900 to 3,900 BTO flats which will be launched in February 2023.
“Residents affected will have more than 10,000 BTO flats across many areas to choose from,” said Huttons.