📌 The Client’s Question
Recently, a homeowner asked me:
“With the recent VERS announcement, what’s the impact on selling older HDB flats now, before VERS kicks in? How should we market such units, or advise buyers?”
This is a real concern, especially for owners holding onto ageing HDB flats. Let’s break this down clearly.
🏗️ Understanding the Difference: SERS vs VERS
🔹 SERS (Selective En-bloc Redevelopment Scheme)
- 🏠 Compulsory acquisition (residents had no choice)
- 💰 Compensation based on market value
- 🔄 Option to choose a replacement home nearby
- 📉 Impact on resale: Some owners sold early to capture value before SERS announcement
🔹 VERS (Voluntary Early Redevelopment Scheme)
- ✋ Residents must vote (majority threshold not confirmed yet)
- 🏗️ Works more like a private en-bloc sale but with adjustments for fairness
- 💰 Compensation likely based on market value, but lower since leases are shorter
- 📉 Impact on resale: Little difference—buyers already aware of shorter leases
📊 Infographic: Quick Comparison
SERS vs VERS at a Glance
- ✅ SERS: Rare, compulsory, higher compensation, choice of new flat
- ✅ VERS: Voluntary, details still unclear, less financial upside due to older flats
- ❌ SERS: No more planned in the near future (last one in Ang Mo Kio, 2022)
- ✅ VERS: Framework by 2030, first sites in early 2030s
📈 Market Impact & My Views
- ⚠️ Higher uncertainty → Some buyers may hesitate with older flats
- 🏘️ Some owners may sell ageing flats sooner to switch to BTO/resale
- 📉 Appeal of older flats may reduce as VERS details remain unclear
- 🕰️ Remember: All HDB flats return to the government after 99 years—VERS is not guaranteed
📝 Summary Highlights
- SERS = Compulsory, market compensation, higher upside
- VERS = Voluntary, details unclear, less upside
- Older flats resale = Likely to face more uncertainty in coming years
- Key action: Don’t just wait for VERS—plan your exit strategy early
If you own an older HDB flat and are wondering whether to hold, sell, or wait for VERS, let’s chat.
Every flat, every family, and every financial situation is different. I can help you:
- Assess your flat’s market potential
- Position your property for the right buyers
- Plan ahead for VERS, BTO, or resale transitions
👉 Reach out today for a no-obligation consultation before the market shifts further!