SINGAPORE: Six blocks of flats in Holland Drive and Holland Avenue have been slated for redevelopment under the Government's Selective Enbloc Redevelopment Scheme (SERS).
This brings to 56 the number of sites identified for the programme since its implementation 10 years ago.
The six blocks - Blocks 14 to 17, 22 and 23 - are about 31 years old.
Residents of the 821 units involved will be re-housed in new flats the Housing and Development Board will be building at nearby Holland Drive.
HDB says eligible lessees will be invited to register for their replacement flats in the middle of next year.
The redevelopment plan will also involve 11 shops at Block 15, Holland Drive.
Lessees will be compensated based on the prevailing market value of their shops.
Eligible shop tenants will be given ex-gratia payment of $60,000 per tenancy and a 10 percent preferential discount on their successful bid for other HDB rental commercial properties.
The Buona Vista Community Club at Holland Drive and Buona Vista Swimming Complex will also be relocated.
HDB will hold an exhibition next week to explain the plans to residents and others involved in the scheme. - CNA/ir