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Should new policies be introduced to curb the ‘lottery effect’ of Greater Southern Waterfront flats?

Prime Minister Lee Hsien Loong announced in his National Day Rally speech plans to build 9,000 public and private homes on the site of Keppel Club as part of the mega waterfront development.

Stretching 30km along the southern coastline, the GSW is set to become part of the central business district (CBD), featuring commercial, residential and recreational components.

In 2016, National Development Minister Lawrence Wong said the government wants to preserve HDB living within the CBD since it is mindful of the rich-poor divide.

However, the government would explore ways to tighten resale conditions for said units, he explained then.

– August 22, 2019

Read Full Article at https://www.propertyguru.com.sg/property-management-news/2019/8/182521/introduce-new-policies-to-curb-lottery-effect-of-greater-southern-waterfront-flats

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