SERS Compensation

Under the Selective En bloc Redevelopment Scheme (SERS), we will compensate you a sum based on the market value of your flat at the point of the SERS announcement, and reasonable expenses to help you move.  

SERS Flat Owners Compensation

The stamp and legal fees amounts are based on the market value of your SERS flat:

Agreement for Lease (Original) on Selling Price of New Flat
  • First $180,000: 1%
  • Next $180,000: 2%
  • Next $640,000: 3%
  • Thereafter: 4%

Registration Fees
  • $38.30

Legal Fees

(excluding GST)
  • First $30,000: $27
  • Next $30,000: $21.60
  • Thereafter: 0.06%

There shall be a minimum charge of $20.

 

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