Nizam Adli and Neeza Ali discuss the recent announcement by the Minister of National Development, Mr. Chi Hong Tat, regarding the end of the Selective En bloc Redevelopment Scheme (SERS) for HDB flats and the introduction of the Voluntary Redevelopment Scheme (VERS). They explain that only 4% of HDB flats are typically SERs, and VERS will be voluntary, requiring a 75% majority vote for redevelopment. 

They highlight the emotional and financial implications for elderly residents, the potential for financial loss, and the importance of understanding the long-term investment implications of buying old HDB flats. They also discuss the impact of VERS on younger buyers and the need for careful financial planning.