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Singapore plans new VERS scheme for gradual renewal of old public housing, replacing SERS.
Singapore plans to launch the Voluntary Early Redevelopment Scheme (VERS) in the early 2030s to gradually renew older public housing estates, avoiding mass relocations.
This replaces the Selective En bloc Redevelopment Scheme (SERS).
VERS will start with select sites, and a fair compensation package will be developed.
Additionally, older flats will receive extensive upgrades through HIP II, with new technologies to detect and repair structural issues.
The scheme details will be finalized after public consultation.
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Singapur planea un nuevo esquema VERS para la renovación gradual de las viejas viviendas públicas, en sustitución de SERS.