Stakeholder Engagement Plan for VERS and Measures to Prevent Speculative Flat Purchases

Mr Cai Yinzhou asked the Minister for National Development (a) what are the specific groups and organisations that the Ministry will engage in the consultation process to determine the final Voluntary Early Redevelopment Scheme (VERS) framework; and (b) what specific and unambiguous communication strategy will the Ministry adopt to actively discourage the promotion to prospective buyers on speculatively acquiring older flats for the purpose of future VERS profiteering.

The Ministry of National Development and the Housing and Development Board will engage Singaporeans on the Voluntary Early Redevelopment Scheme framework and policy parameters, to take in further views and feedback. We will share more details when ready.