Property
Why SERS Is Tough On Elderly Singaporeans And What Should We Do Beside 50-Year Leases?
By Stacked Homes  •  July 19, 2022
Most Singaporeans consider the Selective En-bloc Redevelopment Scheme (SERS) to be a good thing. The recent SERS in Ang Mo Kio, however, shows it’s not always a bed of roses: older Singaporeans can suffer greater drawbacks from SERS, and it’s not something we’ve really discussed till now. That’s a serious issue, as Singapore is an ageing society – and there’s a risk we’ll see more unhappy SERS incidents down the road. As we wrote about here, an eye-opening statistic to ponder is this: “The proportion of Singapore residents who are seniors is estimated to double from 16 per cent in 2021 to 33 per cent by 2050.Note: If you’re not sure what SERS is about, we explain it in detail in this article Why is SERS tough on older Singaporeans? 
  • We take for granted that older people need smaller homes
  • Lack of financing options due to age
  • The elderly may benefit less from upgrades to the area
  • Loss of community and familiarity
...
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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