In our weekly series Unwrapped, TheHomeGround Asia takes a closer look at major stories and happenings that impact Singaporeans.
Online chatter got a lot louder after HDB announced four blocks in Ang Mo Kio Avenue 3 have been picked for the Selective En bloc Redevelopment Scheme (SERS) in April.
Many assumed that the SERS scheme is an almost “one-for-one exchange”, allowing them to get a brand-new flat with little to no extra money out of pocket. But it came as a shock when the Ang Mo Kio residents realised that they might have to fork out more than $100,000 each should they pick a similar-sized flat at the SERS replacement site.
The team looks at whether it is fair to make residents of flats picked for SERS top up the difference just because of the higher costs of BTOs within mature estates. After all, they did not choose to move.