HDB to build diverse flat types, keep prices affordable in prime locations
newsare.net
SINGAPORE - A range of housing types will be built in upcoming estates in prime locations such as the Greater Southern Waterfront (GSW) to ensure that all public housing estates will have a good mix of Singaporeans, said National Development Minister DesmondHDB to build diverse flat types, keep prices affordable in prime locations
SINGAPORE - A range of housing types will be built in upcoming estates in prime locations such as the Greater Southern Waterfront (GSW) to ensure that all public housing estates will have a good mix of Singaporeans, said National Development Minister Desmond Lee. These include smaller housing types such as two-room flats for seniors and rental housing for low-income families, depending on the planning parameters and the needs of different housing types, but are «deliberately injected», he said in an interview with Lianhe Zaobao. Mr Lee acknowledged the «lottery effect» of these well-located Housing Board flats, which may result in a «likely windfall» for home owners who sell these government-subsidised build-to-order (BTO) flats on the resale market. There is the issue of «inclusiveness and diversity» when these flats are allowed to be resold after the five-year minimum occupation period, he said. Read more