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Govt working on new pricing model for HDB flats in Greater Southern Waterfront: Lawrence Wong

Govt working on new pricing model for HDB flats in Greater Southern Waterfront: Lawrence Wong.

SINGAPORE — For prospective homebuyers who believe that scoring a unit at the future Greater Southern Waterfront housing development would be akin to striking a lottery, think again.

The Government is working out a new pricing model for the mega waterfront development project, in order to mitigate the so-called “lottery effect” of obtaining a subsidised flat in a prime area, Minister for National Development Lawrence Wong said on Thursday (Sept 19).

Prime Minister Lee Hsien Loong had announced at the National Day Rally last month that the land on which Keppel Club sits will be redeveloped to build 9,000 public and private housing units, as part of wider city rejuvenation plans for Singapore’s southern coastline.

To read more at https://www.todayonline.com/singapore/government-working-new-pricing-model-hdb-flats-greater-southern-waterfront-lawrence-wong

Adapted from TODAYonline 19 September 2019