News of a recent Selective En bloc Redevelopment Scheme (Sers) exercise in Ang Mo Kio has caused some distress among a few residents in that estate with some worried about topping up money for similar-sized replacement flats and that they would not be able to secure a housing loan to pay for the shortfall because of their age.
We speak to Walter Theseira, Associate Professor, Economics & Head, Master of Management (Urban Transportation) Programme, Singapore University of Social Sciences more about this.