Singapore’s public housing model rests on a simple but often overlooked fact: HDB flats come with 99-year leases that eventually run down to zero. With the Voluntary Early Redevelopment Scheme (Vers) set to roll out in the coming years, homeowners will need to grapple with what that really means for flat values, compensation, and the future of ageing towns.

How compensation is structured, how precincts are chosen, and how expectations are managed will shape whether the scheme strikes the right balance between today’s flat owners and tomorrow’s Singaporeans.

Joining the Breakfast Show to unpack the trade-offs and implications are Ng Keng Gene, Land Use Reporter at The Straits Times, and Nicholas Mak, Chief Research Officer at Mogul.sg.