SINGAPORE: Non-Constituency Member of Parliament Leong Mun Wai (PSP) is 'deliberately misleading the public' by 'shaping ungrounded expectations' of government en bloc schemes, Senior Minister of State for National Development Sim Ann said in a debate with the NCMP in Parliament on Monday (Jan 9). Ms Sim w
SINGAPORE: Non-Constituency Member of Parliament Leong Mun Wai is"deliberately misleading the public" by"shaping ungrounded expectations" of government en bloc schemes, Senior Minister of State for National Development Sim Ann said in a debate with the NCMP in Parliament on Monday .
However, Ms Sim told the House that SERS compensation has never been pegged to the price of a new flat of similar size in a similar location on a fresh 99-year lease. While Minister for National Development Desmond Lee has said that the different outcome was because of a difference in leases - the SERS flats in Ang Mo Kio have a shorter lease balance of about 57 years, compared with around 70 years in past SERS exercises - Mr Leong said that he cannot accept this explanation.
"So the Government, in determining the compensation for assessment, has been consistent and applying valuation principles that are well established."Mr Leong also pointed out that in the Marsiling SERS exercise, which was announced slightly later than the Ang Mo Kio SERS, residents did not need to top-up cash although the flats in the two estates were about the same age.
Mr Leong said:"Singaporeans are expecting VERS to be like 'SERS for all' but it is a different story if VERS is actually 'Ang Mo Kio SERS for all'.Mr Leong said that the likelihood of any VERS proposal being approved will"also be nil" because Singaporeans have come to associate “en bloc” with windfalls and new homes, so VERS will be"doomed if the Government uses the same compensation formula as Ang Mo Kio SERS".
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