The HDB plans to set up a workforce of grassroot leaders and MPs to examine compensation policies, as well as to help residents affected by the acquisition of Rochor Centre “find the best way out”, according to Khaw Boon Wan, Minister of National Development.
Mr Khaw assured MP Denise Phua (Moulmein-Kallang GRC), that the government is “extremely mindful that this is an acquisition…and we’ll be as fair as we can.”
His statement was in response to Ms Phua’s query as to whether the HDB could re-examine some of its compensation policies, noting that it must be updated since in acquisitions, “residents lose the choice of time they would prefer to sell and also the choice of their preferred dwelling.”
In November, the government announced that the 34-year-old Rochor Centre would be acquired for the development of the southern portion of the North-South Expressway (NSE).
On the issue of Rochor Centre’s elderly residents, Ms Phua asked if the government can waive the top-up fee to the CPF Minimum Sum for retirees affected by the acquisition.
Mr Khaw replied that the HDB will help facilitate their appeal to use a portion of the amount, which will be refunded into their Central Provident Fund (CPF) retirement accounts to pay for their replacement flats.
He noted that two-thirds of Rochor Centre’s residents have submitted claims for compensation. He added that the housing agency is already “working closely with the owners on the ground” and assisting them with their questions, including those on the compensation value.
Those “unhappy” about their valuation can turn to an appeals board, he said.
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