WOTC - Voluntary Enbloc Redevelopment scheme

I asked this question in the Wisdom of the Crowd:

What are your views about VERS (voluntary enbloc redevelopment scheme)?

Here are the responses: (40 Votes)

55 % - It is a way to hoodwink the HDB owners from the reality of a bad investment.
28 % - It will not help much as HDB values will drop with shorter lease
8 % - It gives HDB owners hope for the future.
5 % - It is a good scheme and will help to preserve the values of HDB flats.
5 % - It is too far away to have any impact.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=850