VERS – Stay and Wait, or Cash Out Early?

Very few people want to acknowledge the eventual reality - a flat, when it reaches the end of the least, is worth zero dollars. And even at 70 years old, the property will get so difficult to be sold, that the owners will hope for one thing - SERS. But the reality is that 95% of flats weren't picked for SERS. So, what's the government thinking of next? VERS - or the Voluntary Early Redevelopment Scheme. But what will this mean for your old 60+, 50 or even 40 year old flats when VERS is in force from 2030 onwards? Will it affect your property price? Will you "strike lottery"? Do you need to top up a lot? Well, what we don’t know could hurt us. So I made this video to shed some light on VERS. 00:00 - Backstory 01:40 - VERS Implementation 03:08 - Problem with SERS 05:01 - 3 Challenges of VERS 05:14 - First Challenge 06:15 - Second Challenge 06:44 - Third Challenge 08:45 - CPF Rules for 55yo 11:41 - Considerations Today 13:19 - Recap 14:00 - My Honest Opinion & Advice   #VERS #SERS #propertyagent #realestate #realestateagent #sgproperty #sgrealestate #singaporeproperty