NSE Annex B

Annex B – Relocation Benefits for Eligible Flat Owners at Rochor Centre (a) Compensation for the existing flats based on prevailing market value; (b) ...

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Annex B – Relocation Benefits for Eligible Flat Owners at Rochor Centre (a)

Compensation for the existing flats based on prevailing market value;

(b)

Assured allocation of new flats at the designated site if eligible;

(c)

Purchase of new flats at subsidised prices frozen as at the date of gazette;

(d)

Additional 20% price discount (up to $15,000 for singles and $30,000 for joint singles and families), if eligible, for the purchase of the new flats;

(e)

Option to sell the existing flat with relocation benefits in the open market to eligible buyers;

(f)

Option to apply for a flat elsewhere with relocation benefits;

(g)

Exemption from the payment of resale levy for the existing subsidised flats;

(h)

Incumbent flat owners who are first time Singapore Citizen/Singapore Permanent Resident households are exempted from paying the $10,000 premium on top of the purchase price of the new flat;

(i)

Concessionary housing loan for the new flats for eligible flat owners, subject to credit assessment; and

(j)

A comprehensive financial package to ease the cash flow for purchase of the new flats.