22 Nov '11, 1am

Rochor Centre residents are getting a good deal from their compensation package, analysts say

Rochor Centre residents are getting a good deal from their compensation package, analysts say

Colourful blocks of HDB flats at Rochor Centre. -- ST PHOTO: ALPHONSUS CHERN By Jessica Cheam, Housing Correspondent Residents of Rochor Centre may still be coming to terms with the news that their homes will be acquired, but analysts say they are getting a good deal from their compensation package. The Housing Board (HDB) will acquire their flats based on market rates, and has assured them that they will be allocated replacement flats at subsidised prices in a new project in Kallang. If they accept the offer, they will be trading their 34-year-old flats for new units with fresh leases of 99 years. Related Links PAYOUTS FOR ROCHOR CENTRE RESIDENTS They could also reap capital gains when they are able to sell the Kallang flats after the minimum occupancy period of five years. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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