Sers Blk, Renovated, 100% Move In Condition
RARE Chance, SERS BLK
Your Chance To Get The Next Million Dollar HDB FLAT
New Site At Ang Mo Kio Drive
Residents living in Blocks 562 to 565 at Ang Mo Kio Ave 3 can look forward to new homes and an improved living environment within their town under the Selective En bloc Redevelopment Scheme (SERS). The four blocks, comprising 606 units of mainly 3-room and 4-room sold flats, have been identified for SERS as part of the Government’s overall efforts to renew older estates and provide better homes for residents, while preserving community ties. Completed in 1979, the flats in Blocks 562 to 565 at Ang Mo Kio Ave 3 are about 43 years old (see Annex A for the property profile of the flats). Flat owners will be offered new replacement flats located at Ang Mo Kio Drive nearby.
Flat Owners to Receive Market Compensation for Existing Flat and Assured Allocation of New Replacement Flat
2 Flat owners will be compensated based on the market value of their flat as assessed by a professional private valuer appointed by HDB. To help defray the expenses incurred in the move, HDB will also pay flat owners a $10,000 removal allowance, as well as the stamp and legal fees for the purchase of a comparable replacement flat.
3 HDB will build new replacement flats ranging from 2-room Flexi to 4-room units at Ang Mo Kio Drive so that residents can continue living in a familiar environment. Construction of the replacement flats will commence in 3rd quarter 2023 and is estimated to be completed by 3rd quarter 2027.
4 Flat owners have the option of purchasing these new replacement flats with better design and fittings, located within a precinct with modern and comprehensive facilities, at the designated site at Ang Mo Kio Drive. The replacement flats come with a fresh 99-year lease, almost double the lease of the existing flats by the time the residents move out in end 2027. Eligible flat owners may receive a SERS grant of up to $30,000 and
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