{"id":51690,"date":"2022-05-26T17:25:14","date_gmt":"2022-05-26T09:25:14","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=51690"},"modified":"2022-06-13T18:12:29","modified_gmt":"2022-06-13T10:12:29","slug":"9-hdb-blocks-acquired-woodlands-checkpoint-expansion","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/9-hdb-blocks-acquired-woodlands-checkpoint-expansion\/","title":{"rendered":"9 HDB blocks in Woodlands to be acquired to make way for Woodlands Checkpoint expansion"},"content":{"rendered":"
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Woodlands Checkpoint will be expanded beyond the previously announced Old Woodlands Town Centre. In a move to alleviate traffic congestion, improve travel time and enhance security for land border crossings between Singapore and Malaysia, the government will acquire<\/a> nine HDB blocks at Marsiling Crescent\/Lane for the expansion of Woodlands Checkpoint.<\/p>\n

The nine HDB blocks comprise 732 sold flats, 53 rental flats, one rental kiosk, six rental shops and one rental eating house.<\/p>\n

Flat owners will get the same rehousing benefits as those affected by SERS<\/strong><\/h2>\n

Owners of flats in blocks 212 to 218 in Marsiling Crescent\/Lane will get the same rehousing benefits as those affected by the Selective En bloc Redevelopment Scheme (SERS)<\/a>. These include<\/a>:<\/p>\n

    \n
  • Compensation for the existing flat at market value at the time of the acquisition announcement<\/li>\n
  • Removal allowance of S$10,000<\/li>\n
  • Stamp and legal fees for buying a comparable new flat<\/li>\n<\/ul>\n

    HDB will also build around 1,100 new replacement flats, of 2-room Flexi, 3-room, 4-room and 5-room types at Woodlands Street 13. Construction will start in Q3 2023 and is expected to TOP in Q4 2027.<\/p>\n

    \"Artist's<\/a>
    Artist’s impression of the replacement flats at Woodlands Street 13. Source: HDB<\/figcaption><\/figure>\n

    Notably, the replacement site is around a 10-minute walk from Marsiling MRT<\/a> and a 15-minute walk from Marsiling Mall. A wide range of facilities will also be available, such as a playground and a childcare centre.<\/p>\n

    \"Map<\/a>
    Map of the replacement flats in Woodlands Street 13. Source: HDB<\/figcaption><\/figure>\n

    Flat owners have the option to take up the replacement flat at the new site, or sell the flat with rehousing benefits in the open market and buy a flat elsewhere.<\/p>\n

    Those who choose to take up the replacement flat will get a fresh 99-year lease. There is also a SERS grant of S$30,000 for families and S$15,000 for singles buying a new flat.<\/p>\n

    Alternatively, they can apply for a flat elsewhere under the BTO<\/a>, SBF<\/a> or open booking exercise.<\/p>\n

    Christine Sun, Senior Vice President of Research and Analytics at OrangeTee and Tie, shared that future prices at the new site may be higher than those at the affected sites.<\/p>\n

    Looking at the median resale price of 4-room flats in the first four months of this year, flats at Marsiling Crescent had a median price of S$378,000. This is lower than the median price at the nearby Woodlands Avenue 3 at S$434,000 and the overall median price in the town at S$448,000.<\/p>\n