• Compensation for SERS Flats
• Rehousing Benefits for SERS Flat Owners eligible to retain their Flats
• Comprehensive Financial Package for Purchase of Replacement Flats
• Exemption of Resale Premium/ Deferred Levy of Existing Flats for SERS Flat Owners as at SERS Announcement Date
• Resale/ Transfer of SERS Flats

Compensation for SERS Flats

Eligible flat owners are compensated for their flats based on prevailing market value as at the SERS announcement date. They will also be paid reasonable expenses.

SERS flat owners will be given assured allocation of new flat at the designated site.

They can buy new flat at the designated site at HDB's subsidised price. This price will be frozen as at the SERS announcement date.

Eligible flat owners may apply for a new HDB flat elsewhere under the Ballot Exercise (BE), Build-to-Order (BTO) or Walk-In-Selection (WIS) and enjoy the same SERS benefits, where applicable.

Click on a), b) or c) to find out the replacement flat type offered based on the eligibility of the Flat Owners as at the SERS Announcement Date.

a) Eligible to Buy Flats from HDB

(b) Ineligible to buy flats from HDB If Not for SERS [Other Than (c)]

(c) Who are Singles or Bought Existing Flat under the Non-Citizen Spouse Scheme

The administration and booking fees are waived.

Compensation can be used to discharge outstanding mortgage loan and refund CPF monies used in the purchase of existing flat.

Downpayment and stamp & conveyancing fees can be deferred at the signing of Agreement for Lease, to collection of key for the replacement flat.

If CPF balance is insufficient, compensation can be used to contra the purchase price, stamp & conveyancing fees and the 1st mortgage installment ( must maintain a minimum balance compensation of $3,000 for 1 & 2-room flats & $10,000 for 3-room or bigger flats ).

Interim payment of up to $30,000 per flat from compensation for renovation and removal expenses ( must maintain a minimum balance compensation of $3,000 for 1 & 2-room flats & $10,000 for 3-room or bigger flats ).

Concessionary interest rate housing loan for the replacement flat for eligible SERS flat owners. [ SERS flat owners who are not eligible for the concessionary interest rate mortgage loan, please " click here ".].

SERS flat owners will be exempted if their existing flat was bought directly from HDB or from the open market under the CPF Housing Grant Scheme.

Those who had previously sold their first subsidised flat elsewhere will be required to pay the premium/levy (which they had opted) when they take up the replacement flat.* They will be given more options in the payment of the premium/levy.

OPTIONS AVAILABLE

*Except for elderly SERS flat owners who take up the Studio Apartment as their replacement flat are not required to pay the 20% premium on the selling price of the Studio Apartment. .

Eligible SERS flat owners can sell their existing flats together with the rehousing benefits in the open market. The sale of the rehousing benefits will be treated as consumption of one housing subsidy.

Eligible SERS flat owners can also transfer the ownership of the existing flats. The rehousing benefits will be assessed based on the lessees' eligibility or the persons taking over the ownership of the flat, whichever is more restrictive.

Note:
The following categories of flat owner are not eligible to sell or transfer their existing flats:
a) Those (including essential occupiers) who had previously sold one subsidised flat. They have applied or booked another flat under the Balloting Exercise (BE), Build-to-Order (BTO) System or Walk-in-Selection System (WIS).
b) Those (including essential occupiers) whose existing flat is a subsidised flat. They have applied or booked another flat under BE, BTO or WIS.
c) Those who had previously enjoyed rehousing benefits under SERS.
d) Those who have applied, booked or collected keys to an Executive Condominium.