50-year lease option broadly a like-for-like replacement for Ang Mo Kio Sers owners: Desmond Lee

The flats will have around 53 years left on their leases by the time residents move out in end-2027. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - The 50-year lease rehousing option broadly provides a "like for like" replacement for Ang Mo Kio residents who do not need a fresh 99-year lease, said National Development Minister Desmond Lee.

He noted that flat owners under the Ang Mo Kio Avenue 3 Selective En bloc Redevelopment Scheme (Sers) will get a brand new unit with a remaining lease that is about the same as their current flat when they move over.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.