Apply HDB New Flat Income > $8,000, Can Appeal?

[smurf]

is it? I remember when I paid, it wasn't leh. maybe need to ask lawyer again. :?

[smurf]

qms:

winth:

We bought a more than 20 year old flat at a high premium. It was announced for SERs, my ILs made the loudest noise cos it was 45K COV for that run-down place.

Flats that have been earmarked for SERs are definitely more worth it. In fact, you got a good deal by just paying $45k COV. For SERs flats, buyers are usually willing to pay much more than that.

Perhaps Titank would like to look for flats with SERs potential? However, it is anybody's guess whether the flats will eventually go through SERs.

how to know if a certain block is SERs? :?

[qms]

smurf:

how to know if a certain block is SERs? :?

It is usually announced to the press. However, by then, you will need to pay a premium to buy a flat. There will also be a sudden surge of sellers.

If you want to buy a flat before any announcement is made (at the risk that the place may not get en-bloc eventually, of course), you have to be familiar with the area. Usually, the old flats are the ones slated for en-bloc. Next, you need to look at the buildings. If the flats are old, and the structures are such that main upgrading (e.g. the type where a small room will be added) is not possible, possibility of en-bloc will be higher, too, etc etc.

Above are just my own observation on the flats that have been announced for en-bloc so far, so please don't hold me responsible. :siam:

[hquek]

btw, flats already announced for SERS come with own set of criteria. Buyer must not own pte property, must not have combined income more than 8K. Link to their criteria below:


http://www.hdb.gov.sg/fi10/fi10220p.nsf/WPDis/Selective%20En%20bloc%20Redevelopment%20Scheme%20%28e-SERS%29Policies%20-%20Buying%20a%20Resale%20Flat%20Announced%20Under%20SERS?OpenDocument

If you are high income/pte property owner who already own a flat BEFORE announcement, it's ok - you'll be entitled to the replacement. But if you have not owned it, then cannot buy.

Oh, if you want to tikam to get an old flat, consider also the surroundings if there is possibility of going SERS. if they cannot redevelop, likelihood is lower.

[jedamum]

winth:

Now, the value has doubled.

now we know who are the rich ones around here...:evil:

[winth]

jedamum:

winth:

Now, the value has doubled.

now we know who are the rich ones around here...:evil:

:roll:
chop! we didn't cash out yet, so technically not as rich as someone else ----> in-si-de-r :evil:

[titank]

Any idea to identify potential flats for SERS?

[jedamum]

Just for Laughs.


http://www.h88.com.sg/images/content/bunnies/56-241109_full.jpg

[LLX04]

haha, that’s funny but seriously… bishan is not that crowded

[ooptimizer]

I agree, I stay in Bishan.