THE prospect of having public housing on the plum Keppel Club site after its lease expires in two years has excited property market watchers.They have, however, offered ideas on how to find an equitable solution to the "lottery effect", given that public-housing owners stand to make windfalls from selling these units after having been lucky enough to land them through a ballot.
Prime Minister Lee Hsien Loong said at the National Day Rally on Sunday that the Keppel Club site has enough land for 9,000 homes - HDB and private housing with waterfront promenades, greenery and open spaces.
Given its prime city-fringe, waterfront location, property consultants say Housing and Development Board (HDB) flats on the site will not come cheap. Edmund Tie & Co (SEA) chief executive Ong Choon Fah said: "The Keppel Club site is a coveted site with panoramic views of the sea and Mount Faber, and is near the CBD and accessible to all parts of Singapore."
ERA Realty Network key executive officer Eugene Lim expects the HDB to launch Build-to Order (BTO) flats on the site at close to S$1 million for a five-room unit, "so one can expect that the resale prices, when the time comes, will be even higher".
https://www.businesstimes.com.sg/go...ub-site-premium-prices-or-tweaked-sales-terms
Prime Minister Lee Hsien Loong said at the National Day Rally on Sunday that the Keppel Club site has enough land for 9,000 homes - HDB and private housing with waterfront promenades, greenery and open spaces.
Given its prime city-fringe, waterfront location, property consultants say Housing and Development Board (HDB) flats on the site will not come cheap. Edmund Tie & Co (SEA) chief executive Ong Choon Fah said: "The Keppel Club site is a coveted site with panoramic views of the sea and Mount Faber, and is near the CBD and accessible to all parts of Singapore."
ERA Realty Network key executive officer Eugene Lim expects the HDB to launch Build-to Order (BTO) flats on the site at close to S$1 million for a five-room unit, "so one can expect that the resale prices, when the time comes, will be even higher".
https://www.businesstimes.com.sg/go...ub-site-premium-prices-or-tweaked-sales-terms
