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THE LEVEL GROUND

Keep Vers for HDB flats simple and fair

Framework should include 80% threshold for agreement, fair compensation

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Leslie Yee

Leslie Yee

Published Mon, Aug 25, 2025 · 12:37 PM
    • The government should exercise prudence in using resources, including in purchasing ageing HDB flats under Vers.
    • The government should exercise prudence in using resources, including in purchasing ageing HDB flats under Vers. PHOTO: BT FILE

    [SINGAPORE] There is ample time to develop the framework for the voluntary early redevelopment scheme (Vers), as the scheme – which has yet to be rolled out – will be implemented only from the first half of the 2030s.  

    Nonetheless, Minister for National Development Chee Hong Tat said a priority during this term of government is to develop the framework for Vers. 

    Under Vers, owners of Housing & Development Board (HDB) flats aged 70 years and older will vote on whether the government should buy back their homes before their leases run out. This helps address lease decay – the erosion of a flat’s value as the end of its 99-year lease approaches.

    The Level GroundHDBCollective saleHousingSingapore residential propertySingapore property

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