What is your view on the recent announced VERS during NDR; will the govt pay 48% of the value for just a 20 years lease and its financial implications? - Seedly
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Choon Yuan Chan

Asked on 19 Aug 2018

What is your view on the recent announced VERS during NDR; will the govt pay 48% of the value for just a 20 years lease and its financial implications?

You once wrote on the lease decay of HDB flats and SERS in April 16, 2017 blogpost.

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Kelly Trinh
Kelly Trinh, Backoffice technical at financial services firm
Level 8. Wizard
Updated on 08 Dec 2019

VERS, like SERS, is just kicking the problem down the road. It can't be done on a large scale and so the overall problem of how to manage lease decay still exists.​​​

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Ng Lip Hong Kyith
Ng Lip Hong Kyith
Level 5. Genius
Answered on 21 Aug 2018

Hi Choon Yuan, I have to do this to you but i came up with a post without realizing that you asked me this question. So here is the answer.

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