Getting residents to buy into VERS could be a challenge: Real estate analysts

Real estate analysts said it could be challenging to get residents to buy into the Voluntary Early Redevelopment Scheme, or VERS. Some said the government could make it more attractive by offering incentives, such as priority in purchasing a new flat. Residents of older estates have voiced concerns over compensation and affordability of flats in the area. As home owners have diverse needs, experts said sensitivity and prudence is required if VERS is to adequately address the impact of lease decay.