Property
A Guide to Understanding HDB SERS
By Planner Bee  •  May 24, 2024
The Selective En Bloc Redevelopment Scheme (SERS) by HDB, commonly compared to private sector en bloc sales, allows for the redevelopment of aging HDB estates to better utilise land for more modern and efficient residential developments. What is HDB SERS? SERS is a government initiative aimed at renewing older public housing estates nearing the end of their optimal lifecycle. It was introduced in 1995 as a means to revitalize aging HDB estates in relatively central or popular areas suitable for redevelopment to meet current and future housing needs. Under SERS, residents of affected blocks are offered new replacement units in modern developments that are typically equipped with better facilities and a fresher lease. What happens when HDB goes through SERS? Once an HDB block is chosen for SERS, residents are thoroughly briefed and supported through the transition process. This includes detailed consultations, provision of information on compensation and rehousing, and access to financial and legal advisory services....
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By Planner Bee
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