Owners of Ang Mo Kio flats selected for SERS put units up for sale, hoping to cash in

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Nearly 30 HDB units in Ang Mo Kio are up for sale in the open market, despite them being under the Selective En Bloc Redevelopment Scheme (SERS). The owners are hoping to fetch a price higher than what the HDB can offer them. One analyst said the housing board’s offer considers the market value and flat condition. It also looks at the remaining lease, which is around 56 years.

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