What are the Sers housing benefits for Marsiling residents?

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Marsiling Residents to Receive Sers-Equivalent Housing Benefits for Woodlands Checkpoint Expansion

Marsiling residents whose flats are acquired for the Woodlands Checkpoint expansion will be offered housing benefits comparable to those under the Selective En bloc Redevelopment Scheme (Sers). These benefits include compensation based on market value at the time of acquisition, the option to purchase a new flat with a fresh 99-year lease at a subsidised price, and financial assistance for moving expenses. Eligible owners may also receive a grant of up to S$30,000 towards the purchase of a new flat.
Compensation and New Flat Purchase Options

Affected owners will receive compensation reflecting the market value of their current flat on the date of acquisition. In addition to compensation, they will have the opportunity to buy a new flat at a subsidised cost, which will come with a new 99-year lease. This provision aims to facilitate a smooth transition to new housing while providing financial recourse for their existing properties.
Financial Assistance and Grants

To support the relocation, owners may be eligible for a grant of up to S$30,000 to assist with the purchase of a new flat. Furthermore, the Housing and Development Board (HDB) will provide a removal allowance, along with stamp and legal fees, to help cover the costs associated with moving. These measures are designed to ease the financial burden of relocating for the affected residents.
Alternative Options for Flat Owners

Marsiling residents whose flats are acquired have several options beyond purchasing a new subsidised flat. They can choose to sell their existing flats on the open market following a one-month cooling-off period, which is scheduled from June 26 to April 30 next year. If they opt not to sell on the open market, they have the alternative of registering for replacement flats or returning their current flats to HDB.

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What are the Sers housing benefits for Marsiling residents?

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