Is there a more permanent solution than Vers for HDB flats?

Block 1 in Toa Payoh Lorong 7, one of the oldest blocks of HDB flats in Singapore, is a likely candidate for Vers, which, when rolled out in 20 years' time, will give owners of older flats some peace of mind as it will help to boost liquidity for hom
Block 1 in Toa Payoh Lorong 7, one of the oldest blocks of HDB flats in Singapore, is a likely candidate for Vers, which, when rolled out in 20 years' time, will give owners of older flats some peace of mind as it will help to boost liquidity for homes with decaying leases. Freehold for HDB flats is out of the question but "freehold with strings attached" might be a feasible option, says the writer.ST PHOTO: KELVIN CHNG

How about having freehold units with buyback clause at end of 99 years?

The Voluntary Early Redevelopment Scheme (Vers) that will allow home owners to vote on whether to sell their Housing Board flats to the Government once the leases on the apartments near their end was arguably the most significant policy announced last year.

Vers provides owners of older HDB flats some peace of mind as it will help to boost liquidity for homes with decaying leases.

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A version of this article appeared in the print edition of The Sunday Times on January 20, 2019, with the headline 'Is there a more permanent solution than Vers for HDB flats?'. Print Edition | Subscribe