03 Aug '16, 6am

SERS has come to Blks 513 to 520 West Coast Rd. New flats will be built for the residents. Read more:

5 The SERS plan will also involve two sold shops and an eating house at Block 516, as well as 12 sold shops at Block 517. The owners of these commercial properties will be given compensation based on the market value of their units at the time of the SERS announcement. They may opt to buy a new unit on a 30-year lease or rent the new unit. The selling prices of the new units will be fixed at market value as at the time of the SERS announcement, while the rents will be based on the prevailing market rents at the time of letting. Those who choose not to take up a new unit will receive an ex-gratia payment pegged at 10 per cent of the market value of the existing unit.

Full article: http://www.hdb.gov.sg/cs/infoweb/press-releases/corporate...

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