Virgo's morning bread for Oct

That's why must strike whilst the opportunity is still there.

Now no more SERs as they had fine tuned NOT to have those selected ones strikes lotteries with new flats a 99 year lease and also compensations.

Later many of them after the MOP sell them again for a profit

Some more many old old flats in future needed to be rebuilt as not so manageable and also some prime sites for other developments so they don't want to repeat and cough out same benefits again as not substantiable for them.

So now with their VERs selected Estates or Blocks now be relocated with new terms of NO more a 99 year lease hold.

Have to top up the lease if you wanted to have another fresh 99 year which young families might willing to do so as they knew that these Blocks or Estates or for VERs they could purchase them in order to get the new ones.

Now also bargain price of paying only the balance minimal years of tail end lease.

If the next estate that are favourable to them then they shall vote so to enable to get one faster than the BTOs ones which may be not their reach the next five years as due to the balloting.

The Older Residents may
vote "NO" if the compensation is not favourable enough or may be override by those who are agreeable in the majority has no choice but to shift and lived out their balance lease hold.

Some compensations for the relocation that all.

So now the best Solution is this before as what's you said many old flats be redundant and in glut.

Those woth bigger units of flats of 4 to 5 roomed with still balance about three quarters of half their balance lease could now dispose them off by purchasing a best two roomed Flexi unit of 20, 25 or 30 years leasehold.

Depending on your age of application. Minimum must be up to 95 years old.

Just paid 100 or less for the unit.

Sold your bigger unit and then stopped your compound accrued interests.

Also after toppling up their requirements of CPF'S Life if not fully FRS fully top up and also Medisave still have a chunk of balance cash for as security.

Also topped up the RA and CPF'S Life also have more monies to your monthly pay up.

On top of that can get SHB Silver Housing Bonus of up to 40K after Dec 2025.

This grant is for those who at aged 55 did not fully top up their FRS and deemed to have less monies in the accounts to be subsidised by the HDB.

So think this the best way to downgrade and the best Security.

The children then don't have to dispose off your other unit as the HDB shall give them the balance available monies if available.

The unit shall be repossessed by the HDB

Cheers


Virgo49