New Site Identified for Selective En bloc Redevelopment Scheme
The Government has identified Blocks 81 to 83 MacPherson Lane for the Selective En bloc Redevelopment Scheme (SERS).
2 Blocks 81 to 83 MacPherson Lane comprise 313 sold flats, which are about 50 years old (see Annex A for the property profile). Under SERS, the residents of these blocks will move to new replacement flats, sited in a nearby location. The implementation plan and rehousing benefits package for the flat owners are in Annexes B and C.
3 HDB will build new flats, ranging from 2-room Flexi flats to 5-room flats at Circuit Road, as replacement flats for the residents. These new flats are estimated to be completed in 2nd Quarter 2023. More details on the location map, perspectives and description of the new replacement flats can be found in Annex D.
4 The replacement flats are located near the MacPherson MRT Station (interchange station for Circle Line and Downtown Line) and Pan Island Expressway. There are shops and eateries nearby, such as the Circuit Road Food Centre and the MacPherson Market and Food Centre. Paya Lebar Square is a few minutes’ drive away. In addition, residents can enjoy recreational activities at the nearby MacPherson Community Club.
5 The SERS plan will also involve 27 sold shops and 2 eating houses at Blocks 81 to 83 MacPherson Lane. 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 based on selling prices fixed at market value as at the time of the SERS announcement, rent a new unit based on the prevailing market rent at the time of letting, or choose not to take up a new unit and receive an ex-gratia payment pegged at 10 percent of the market value of the existing unit.
6 HDB will inform all SERS flat owners and commercial property owners individually of these plans. They will also be invited to a SERS exhibition which will be held from 2 to 4 June 2018 as follows:
2 and 3 June 2018*
(Saturday and Sunday)
Note: * Entry to exhibition on 2 and 3 June 2018 (Saturday and Sunday) is by invitation only, and guided tours will be conducted.
7 For further information, SERS flat owners and commercial property owners can call the following enquiry lines:
a. 1800-866 3070 (for sold flats); and
b. 1800-866 3073 (for commercial properties).