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<TABLE id=msgUN border=0 cellSpacing=3 cellPadding=0 width="100%"><TBODY><TR><TD id=msgUNsubj vAlign=top>
Coffeeshop Chit Chat - No ENBLOC at BKT Merah!!!</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>newyorker88 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Jul-8 9:38 pm </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 10) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>35855.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt><TABLE border=0 cellSpacing=0 cellPadding=0 width=789><TBODY><TR><TD height=26 colSpan=3>Trying to force people to sell their valuable site for something less?
</TD></TR><TR><TD vAlign=top width=5> </TD><TD vAlign=top width=784 colSpan=2>HDB extends deadline for Bukit Merah SERS site shopowners
By Lim Kwok Wai | Posted: 08 July hrs
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</TD></TR><TR><TD height=60 vAlign=top> </TD><TD class=update height=80 vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR><TD bgColor=#f6f6f6 width=138>Photos </TD><TD bgColor=#f6f6f6 width=47>1 of 1</TD><TD bgColor=#f6f6f6 width=18></TD><TD bgColor=#f6f6f6 width=19></TD><TD bgColor=#f6f6f6 width=18></TD></TR></TBODY></TABLE>
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SINGAPORE : Some 20 shopowners in a Selective En bloc Redevelopment Scheme (SERS) are unhappy with the compensation offered by the Housing and Development Board to move to new premises.
HDB has now extended the deadline for the shopowners in Bukit Merah View to accept replacement units. The affected shops are at Block 113 and 114 Bukit Merah View.
HDB had offered them between S$486,000 and S$780,000 in compensation. But shopowners said it is not enough.
___________They said replacement shops offered are one third the size of existing ones, and only have a 30-year lease, compared to their current remaining 60-year lease.
However, HDB said the price is based on market value. It added that the 30-year lease was meant to ease the financial burden on lessees.[/SIZE]
That means paying more for a shorter lease? Why move in the first place?
___________It added that the new shops beside the Tiong Bahru MRT station would attract more crowds.[/SIZE]
Start all over again? Customers may go away, after they move, and chances are they have more competition....
HDB will also request for an independent licensed valuer to review its valuations.
Meanwhile, shopowners will have an extra month to indicate if they would like to take up the replacement shops. So far, ___________only 7 out of 31 owners have agreed to take up the new premises. [/SIZE]
___________Such a low number, no wonder they want to extend the offer....
[/SIZE]
Tanjong Pagar MP Indranee Rajah said she hopes for a win-win situation between HDB and the Bukit Merah View residents.
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</TD></TR><TR><TD vAlign=top width=5> </TD><TD vAlign=top width=784 colSpan=2>HDB extends deadline for Bukit Merah SERS site shopowners
By Lim Kwok Wai | Posted: 08 July hrs
<TABLE border=0 cellSpacing=0 cellPadding=0 width=260 align=right><TBODY><TR><TD width=20 align=right> </TD><TD width=240 align=right>
</TD></TR><TR><TD> </TD><TD class=update> </TD></TR><TR><TD> </TD><TD></TD></TR></TBODY></TABLE>
SINGAPORE : Some 20 shopowners in a Selective En bloc Redevelopment Scheme (SERS) are unhappy with the compensation offered by the Housing and Development Board to move to new premises.
HDB has now extended the deadline for the shopowners in Bukit Merah View to accept replacement units. The affected shops are at Block 113 and 114 Bukit Merah View.
HDB had offered them between S$486,000 and S$780,000 in compensation. But shopowners said it is not enough.
___________They said replacement shops offered are one third the size of existing ones, and only have a 30-year lease, compared to their current remaining 60-year lease.
However, HDB said the price is based on market value. It added that the 30-year lease was meant to ease the financial burden on lessees.[/SIZE]
That means paying more for a shorter lease? Why move in the first place?
___________It added that the new shops beside the Tiong Bahru MRT station would attract more crowds.[/SIZE]
Start all over again? Customers may go away, after they move, and chances are they have more competition....
HDB will also request for an independent licensed valuer to review its valuations.
Meanwhile, shopowners will have an extra month to indicate if they would like to take up the replacement shops. So far, ___________only 7 out of 31 owners have agreed to take up the new premises. [/SIZE]
___________Such a low number, no wonder they want to extend the offer....
[/SIZE]
Tanjong Pagar MP Indranee Rajah said she hopes for a win-win situation between HDB and the Bukit Merah View residents.
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