if the purpose is to have more beautiful new flats, then what
are they doing with the old flats?
they're not demolishing it... they're letting private companies
take over the management of them and renting it out.... take a look
for yourself... Bedok South blocks 48/49/50.
actually, they can dun implement SERS at all, lots of ppl
willing to pay high price to buy the flats at Bedok Central or
Clementi Central or AMK... but for the sake of the current
residents and to maximum the land usage, they implement
SERS..but then now the price is too high, so not that worth it...
during the 90s, my neighbouring blocks in TPY was the first to be
selected under the SERS scheme.. and all the residents are glad to
have a bigger flat (4 or 5 rooms compared to 3 rooms) and the price
is reasonable then and those residents that bought the 5 rooms flat
at S$350 000 at that time were laughing..
Once all the residents move out, they usually will demolish the
old flats immediately but as in the case in TPY (former block
89/136-140/164-167), the lands were left vacant for several years
before the new flats are build or land being sold to private
developers.. so right now they are smart, they keep the flats for
some time and rent out and earn some more income and solve some
housing problem, until the time come for the area to be
rebuild...
look at TPY, the old flats were of 11 storeys high.. now they
build it to 40 storeys to maximize the usage....