New Sers 50-year lease option: A solution now, but a tangle down the road?

Blocks 562 to 565 Ang Mo Kio Avenue 3, comprising 606 households, were picked for Sers in April. ST PHOTO: CHONG JUN LIANG
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SINGAPORE - Like many parents, retired factory worker Lim Kim Geok, 63, would like to bequeath her Housing Board flat to her son.

Now that her Ang Mo Kio three-room flat has been picked for the Selective En bloc Redevelopment Scheme (Sers), she can get a replacement flat if she can top up the difference in cost. It will have a new 99-year lease, but she does not have the cash.

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