Don’t cash out flats, Rochor residents urged – Channel NewsAsia

Residents of the Rochor Centre HDB flats have been cautioned against cashing out in the resale market.

Member of Parliament for Moulmein-Kallang GRC Denise Phua has urged them to consider taking up the relocation package to Kallang, following Tuesday’s announcement on the North-South Expressway (NSE).

Four blocks at Rochor Centre will be making way for the NSE.

Affected residents have been assured of a new flat in Kallang, and in many cases, may even enjoy some net proceeds.

Following the initial shock of the news, residents have been trying to make sense of the compensation offered.

Some have raised concerns the money offered is insufficient.

RC chairman Eunice Phng said: “Three-room to three-room, they’re getting about S$100,000, they think it’s still not enough.

“Because they are actually making way for the highway, and this is a very prime area, you can’t get a similar area like this.

“So they think the loss is there. But in terms of payment, if the authorities can look into more benefits, that will really make them happier.”

Home owners have the option of selling the flat in the open market, where they are likely to fetch a premium above market value.

The relocation benefits can also be transferred to the new owner, who may have set their sights on the Kallang development.

But the area’s MP has urged residents against selling their flats.

Ms Phua said: “If any of the residents were to sell too quickly without thinking through, and apply for another estate, they will not get the priority and they may find themselves stuck.

“The other thing is, if they choose to cash out and use the money and find that later on they have no where else to go, they will not be — mos

via Don’t cash out flats, Rochor residents urged – Channel NewsAsia.


HDB InfoWEB: Quality Homes for Singaporeans – HDB recognizes its partners, formulates new roadmap :

Date issued : 03 Nov 2011

Minister for National Development, Mr Khaw Boon Wan, gave out 15 awards tonight (2 November 2011) to HDB’s consultants and contactors, for their exemplary performance and innovative efforts in the development of new HDB projects.

2HDB has been providing quality homes to Singaporeans for over 50 years. It has been improving its towns and flats to meet evolving aspirations and increased expectations. This would not have been possible without the excellent relationship between HDB and its partners. The HDB Awards was set up to affirm the efforts of industry partners in working together with HDB to provide well-designed and well-constructed public housing for all Singaporeans.

3There are two types of HDB Awards – the Design Award and the Construction Award.

HDB Design Award

4The HDB Design Award recognizes architectural consultants for their outstanding design of public housing projects. The Design Awards are an important benchmark for future HDB projects and has inspired many good designs since its inception.

5The HDB Design Award has two categories – “Completed Projects” and “To-be-Built”. Projects under the “To-be-Built” category have not been constructed, but exhibited innovative and refreshing designs.

6HDB CEO, Dr Cheong Koon Hean commented, “The winning entries had demonstrated significant design innovation – design innovation that respects tradition and h

via HDB InfoWEB: Quality Homes for Singaporeans – HDB recognizes its partners, formulates new roadmap :.