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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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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