Blocks 513 to 520 West Coast Road, comprising 994 flats, have been selected for the SERS Scheme, with residents to be offered new replacement units at Clementi Avenue 1 and West Coast Link.
What is SERS?
The Selective En bloc Redevelopment Scheme (SERS) renews our older housing estates. If you are a SERS resident, you will get the opportunity to move to a new home with a new 99-year lease, and continue living close to your current neighbours. SERS flat owners will also be given a package comprising compensation and rehousing benefits. Read more on SERs in West Coast Road here.
What can you look out for in Clementi Avenue 1 and West Coast Link?
And the FIRST transaction goes to:
An HDB 3-room unit in 513 West Coast Road transacted at $330,000 just yesterday on 20 September 2016, at 27% ($71,000) over the X-Value of $259,000. The transaction has the highest psf since 1 January 2015. And as the transaction unit is located on the second floor, the high psf therefore translates to a high Transaction-Over-Xvalue (TOX).
Market X-Value
To find out the market X-Value of your home, check out srx.com.sg/xvalue-pricing.