SINGAPORE: Six blocks of flats in Holland Drive and Holland
Avenue have been slated for redevelopment under the Government's
Selective Enbloc Redevelopment Scheme (SERS).
This brings to 56 the number of sites identified for the programme
since its implementation 10 years ago.
The six blocks - Blocks 14 to 17, 22 and 23 - are about 31 years
old.
Residents of the 821 units involved will be re-housed in new flats
the Housing and Development Board will be building at nearby
Holland Drive.
HDB says eligible lessees will be invited to register for their
replacement flats in the middle of next year.
The redevelopment plan will also involve 11 shops at Block 15,
Holland Drive.
Lessees will be compensated based on the prevailing market value of
their shops.
Eligible shop tenants will be given ex-gratia payment of $60,000
per tenancy and a 10 percent preferential discount on their
successful bid for other HDB rental commercial properties.
The Buona Vista Community Club at Holland Drive and Buona Vista
Swimming Complex will also be relocated.
HDB will hold an exhibition next week to explain the plans to
residents and others involved in the scheme. - CNA/ir