Minister for National Development Lawrence Wong has reacted to two different coverage suggestions, stating that all other ideas and approaches to handle HDB apartment rentals will be considered from the authorities.
Like most condos in Singapore, all HDB flats in Singapore are constructed and marketed with first 99-year leases.
Get more information of the Sengkang Grand Residences location map by Capitaland & City Developments Limited (CDL).
To rackle the dilemma of HDB lease decay as well as the diminishing significance of older apartments The Workers Party indicated an alternate strategy to the current Selective En bloc Redevelopment Scheme (SERS), known as SERS Plus, reported The Straits Times.
Under this proposed strategy, affected residents will be ensured units in present Build-to-Order (BTO) in addition to Sale of Balance Flats (SBF) exercises, whereas the authorities need not procure a replacement website before the launch of SERS.
Architect Tay Kheng Soon, economist Yeoh Lam Keong and land adviser Ku Swee Yong, on the other hand, suggested a one-time automated rental top-up for maturing flats along with also a government-funded rebuilding of HDB flats each 100 decades.
In his blog post, Wong stated the Ministry of National Development (MND) will”consider all such opinions and thoughts, and examine them in detail”.
He noticed that the two proposals recognised”the need for urban renewal within our land-scarce town” in which”land could be recycled and fresh apartments constructed for centuries”.
“This is why a lot of our property is on a leasehold basis, be it for public or private housing properties,” he added.