SERS rehousing options: Shorter lease for replacement flats benefits elderly residents, say analysts - CNA


7/2/2022 12:00:00 AM2 years 10 months ago

SINGAPORE: The new option for SERS home owners to buy a replacement flat at a shorter lease would benefit seniors who do not intend to sell their replacement unit, said property analysts.  The Housing and Development Board (HDB) announced on Saturday (Jul 2) …

There are, however, challenges that come with a 50-year lease should home owners decide to sell their replacement flat on the resale market.  "There may be limited options for home owners who choose… [+2490 chars]

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