SINGAPORE (Aug 27): Looking wistfully out of the window from the living room of her HDB flat in Serangoon North, Sharon Tan is pensive about the future. Tan, 33, has been living in the unit for as long as she remembers. The flat was built in 1985 and is about as old as she is.

Now, talk about the value of the asset, as well as the possibility of having to move out of the flat she grew up in and shares with her parents, worries her.

At the National Day Rally (NDR) 2018 on Aug 19, Prime Minister Lee Hsien Loong announced a new Voluntary Early Redevelopment Scheme for some HDB homes. Similar to en bloc sales, residents in the precinct will vote whether to take up the VERS scheme when the 99-year leasehold flats reach the 70-year mark.

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