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If my area enbloc, will they return back cash that i forked out?
Tia,
Lionel
Tia,
Lionel
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2014 March - Rolex Deepsea Seadweller V series MK 1 dial ref: 116660
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maybe you should ask HDB...?Originally posted by lion3lh View Post“Watches, no matter how much they cost, are better at telling time than making a person happy.†- Thomas J. Stanley -
thank you for yr kind reply is not appreciated.Originally posted by taxico View Post2014 March - Rolex Deepsea Seadweller V series MK 1 dial ref: 116660Comment
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i didn't mean to come across as rude... but you did not give enough details... what money? the COV or... the flat's valuation? or both?
i know they sell you a flat with priority and i think there're subsidies... sorry i can't be of more help, but i think the more details you give, the better people can help you.“Watches, no matter how much they cost, are better at telling time than making a person happy.†- Thomas J. StanleyComment
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Yep i forked up half of valuation in cash
And 35k in cov,
Tia2014 March - Rolex Deepsea Seadweller V series MK 1 dial ref: 116660Comment
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lion, i believe the post on asking HDB was a valid one and your reply to that post came off as being rude...
have you at least checked out HDB website?... there's a wealth of information on their e-SERS website regarding selective en-bloc...Comment
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Agreed with clokwerk oranje's comments, but I will attempt to help anyway...
It should be treated the same way as you would sell your flat privately - Whatever amount you and your spouse/co-owner of the flat withdrew from the CPF to buy the flat + the interest that you would have earned had you not used the CPF money, would go back to your CPF account. The rest, if any left, would be paid to you in cash (i.e. cheque). That is if the rule has not changed.Watches are like potato chips - You never stop at one
Never political, seldom diplomatic, always honestComment
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NO. HDB will not do so. just ask those staying in Hillview avenue years back and those in clementi where the recent HDB enbloc took place. They will not return your COV. They simply average out the prices of flats in the neighbourhood and compensate u with a price(or given u a new flat) less than u paid for!
Originally posted by lion3lh View Post劳心者治人， 劳力者治于人。 治人者食人， 治与人者食与人。
善恶之报，如影随形。福祸无门，唯人自招！Comment
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Even if the compensated price is less than what TS has paid for his current flat, he should still get back some cash since according to him he paid more than half the price of the flat in cash.
As far as I know, HDB do not compensate you a flat, but give you the priority to buy the re-build flat at the same/nearby location, if there is such a project.Watches are like potato chips - You never stop at one
Never political, seldom diplomatic, always honestComment
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Apart from what the HDB pay you what they deem is worth in that particular time, they also pay some kind of relocation fees, that is what my relative get when her block was affected by the SERS thingy.Originally posted by 4Dvisor View PostComment
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