Singapore govt acquiring Marsiling HDB blocks: Some residents voice concerns

SINGAPORE, May 27 — Some Marsiling residents have expressed worry about the sizes of the new flats they will be relocated to in order to make way for theOne resident also said that he is concerned that the housing benefits he gets in today’s dollars may be worth less when he has to move out by 2028 if inflation remains high.

The Housing and Development Board will build about 1,100 new replacement flats at Woodlands Street 13 for residents whose flats will be acquired. Four-room flats in her estate are more than 100sqm in size, while four-room flats in new Built-to-Order projects tend to be smaller at around 90sqm. The Government said earlier on Thursday that owners will be offered the same rehousing benefits as those offered under the Selective En bloc Redevelopment Scheme , which is aimed at rejuvenating older estates.

Goh, a retiree, lives with his mother, his wife and two daughters in a three-room flat he bought off the resale market for about S$220,000 in 2009.spoke to on Thursday, most said that they were still digesting the news and that they will be attending the dialogue sessions by the authoritiesOne of them was Sebastian Ng, 26, who said he is now rethinking his plans to move out of his two-room flat that he bought for S$180,000 four years ago. He lives with his wife and two daughters.

But after reading the fine print of the housing benefits, Ng said he is still unclear how much and if he could stand to gain from the move and intends to attend the engagement sessions to find out more. “The offer HDB is giving is quite good. The new flats are closer to Marsiling MRT and you might get new amenities too with the new blocks. So you do get certain advantages,” the MP for Marsiling-Yew Tee Group Representation Constituency toldBut some residents do have other considerations and reservations about moving out, such as whether they will get flats of similar sizes at the new estate, he acknowledged.

Property analyst Christine Sun said that she expects most flat owners to take up the offer to move to the new flats. Lee Sze Teck, senior director of research at real estate firm Huttons Asia, also noted that the affected Marsiling flats are around 40 years old. This would leave his retired parents, aged 72 and 73, able to downgrade to a smaller flat so they can have more money to spend during their retirement. Nurezwan now lives with his wife and his parents.

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