Singapore Expats

Keppel Site to have 6,000 HDB flats

Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
Post Reply
User avatar
abbby
Manager
Manager
Posts: 2004
Joined: Thu, 21 Jul 2005 3:00 am
Answers: 2
Location: Tiny Island

Keppel Site to have 6,000 HDB flats

Post by abbby » Wed, 13 Apr 2022 9:21 am

Former keppel site will house 6,000 HDB flats...I am sure the prices will be very high and MOP is likely to be min 10 years...Looks like home prices in the South is heading upwards.

https://www.straitstimes.com/singapore/ ... hree-years
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)

Search By



User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 40423
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 21
Location: Retired on the Little Red Dot

Re: Keppel Site to have 6,000 HDB flats

Post by sundaymorningstaple » Wed, 13 Apr 2022 4:26 pm

abbby wrote:
Wed, 13 Apr 2022 9:21 am
Former keppel site will house 6,000 HDB flats...I am sure the prices will be very high and MOP is likely to be min 10 years...Looks like home prices in the South is heading upwards.

https://www.straitstimes.com/singapore/ ... hree-years
I understand from another source that 4 room flats will likely be priced between $500K~$700K (from the HDB!!!!)
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

User avatar
Addadude
Reporter
Reporter
Posts: 883
Joined: Fri, 26 May 2006 12:37 pm
Answers: 1
Location: Darkest Telok Blangah

Re: Keppel Site to have 6,000 HDB flats

Post by Addadude » Wed, 13 Apr 2022 5:19 pm

Literally just down the road from me... hmm, I wonder if it will boost my flat's value or lead to a SERS? :-k
"Both politicians and nappies need to be changed regularly, and for the same reasons."

User avatar
PNGMK
Moderator
Moderator
Posts: 9088
Joined: Thu, 21 Mar 2013 9:06 pm
Answers: 10
Location: Sinkapore

Re: Keppel Site to have 6,000 HDB flats

Post by PNGMK » Wed, 13 Apr 2022 5:34 pm

It's horseshit how HDB is getting these great locations and turning them into HDB ghettos.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

BBCDoc
Chatter
Chatter
Posts: 478
Joined: Tue, 05 Oct 2010 11:21 pm
Location: Singapore

Re: Keppel Site to have 6,000 HDB flats

Post by BBCDoc » Wed, 13 Apr 2022 11:22 pm

Probably the only way to stop hot overseas money snapping up the property?

I presume any private condos there will attract some serious wealth…Govt could whack on 500% stamp duty and they will still sell…


Sent from my iPhone using Tapatalk
There's always room for one more

User avatar
PNGMK
Moderator
Moderator
Posts: 9088
Joined: Thu, 21 Mar 2013 9:06 pm
Answers: 10
Location: Sinkapore

Re: Keppel Site to have 6,000 HDB flats

Post by PNGMK » Thu, 14 Apr 2022 3:57 am

BBCDoc wrote:
Wed, 13 Apr 2022 11:22 pm
Probably the only way to stop hot overseas money snapping up the property?

I presume any private condos there will attract some serious wealth…Govt could whack on 500% stamp duty and they will still sell…


Sent from my iPhone using Tapatalk
Putting HDBs next to condos seriously pulls down the value of condos. It's a well known problem in the property market here.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

User avatar
abbby
Manager
Manager
Posts: 2004
Joined: Thu, 21 Jul 2005 3:00 am
Answers: 2
Location: Tiny Island

Re: Keppel Site to have 6,000 HDB flats

Post by abbby » Thu, 14 Apr 2022 9:02 am

Just wondering why HDBs built around such prime area and surrounded by mostly condos..
And costing so much..
And one such condo will look so strange there being surrounded by all the HDB.
I can imagine the noise and dust for the next few years.
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)

User avatar
Addadude
Reporter
Reporter
Posts: 883
Joined: Fri, 26 May 2006 12:37 pm
Answers: 1
Location: Darkest Telok Blangah

Re: Keppel Site to have 6,000 HDB flats

Post by Addadude » Thu, 14 Apr 2022 9:43 am

I'm sure the owners of Reflections, Caribbean and Corals must be thrilled... And Keppel Land won't exactly be ecstatic either as they have launched a new condo right next to Harbourfront.
"Both politicians and nappies need to be changed regularly, and for the same reasons."

User avatar
Addadude
Reporter
Reporter
Posts: 883
Joined: Fri, 26 May 2006 12:37 pm
Answers: 1
Location: Darkest Telok Blangah

Re: Keppel Site to have 6,000 HDB flats

Post by Addadude » Thu, 14 Apr 2022 9:49 am

PNGMK wrote:
Wed, 13 Apr 2022 5:34 pm
It's horseshit how HDB is getting these great locations and turning them into HDB ghettos.
Since most of the voting population live in these 'ghettos', you can bet the last thing the gahmen wants to do is reserve really prime areas for a relatively tiny 'elite'. Also, if you see the designs of the newer HDBs and BTOs, it's really hard to tell the difference design-wise from the average new condo.
"Both politicians and nappies need to be changed regularly, and for the same reasons."

User avatar
PNGMK
Moderator
Moderator
Posts: 9088
Joined: Thu, 21 Mar 2013 9:06 pm
Answers: 10
Location: Sinkapore

Re: Keppel Site to have 6,000 HDB flats

Post by PNGMK » Thu, 14 Apr 2022 11:25 am

...and we say Singapore is not socialist.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

User avatar
malcontent
Manager
Manager
Posts: 2652
Joined: Sat, 22 Dec 2007 11:52 am
Answers: 8
Location: Pulau Ujong

Re: Keppel Site to have 6,000 HDB flats

Post by malcontent » Thu, 14 Apr 2022 5:18 pm

PNGMK wrote:
Thu, 14 Apr 2022 11:25 am
...and we say Singapore is not socialist.
This seems like the standard playbook to me. Billions of dollars in opportunity for property development by HDB… why pass that opportunity to developers and make them rich when the government can do it? Best of all, it can be framed as an altruistic overture to the masses, check and check!
Last edited by malcontent on Thu, 14 Apr 2022 8:36 pm, edited 1 time in total.
Every great and deep difficulty bears in itself its own solution. It forces us to change our thinking in order to find it - Niels Bohr

NYY1
Reporter
Reporter
Posts: 672
Joined: Mon, 21 Mar 2022 10:41 pm
Answers: 1

Re: Keppel Site to have 6,000 HDB flats

Post by NYY1 » Thu, 14 Apr 2022 6:47 pm

malcontent wrote:
Thu, 14 Apr 2022 12:40 am
Let’s see… $500-700k for let’s say a 25 story block with 4 units per floor, that means $50-70m per block x 6,000 blocks for $300-420b in total. Now that is a nice chunk of change. 🤑
malcontent wrote:
Thu, 14 Apr 2022 5:18 pm
This seems like the standard playbook to me. It is close to a half trillion dollar opportunity for property development by HDB… why pass that opportunity to developers and make them rich when the government can do it? Best of all, it can be framed as an altruistic overture to the masses, check and check!
Think about the order of magnitude you are listing and whether that makes any sense. Pretty sure it's 6,000 flats, not 6,000 blocks (of 100 flats each).

bro75
Reporter
Reporter
Posts: 628
Joined: Sun, 02 Sep 2012 8:06 am
Answers: 1
Location: Singapore

Re: Keppel Site to have 6,000 HDB flats

Post by bro75 » Thu, 14 Apr 2022 8:33 pm

6000 HDB and 3000 private flats is what is allocated for that area based on what I read.

User avatar
malcontent
Manager
Manager
Posts: 2652
Joined: Sat, 22 Dec 2007 11:52 am
Answers: 8
Location: Pulau Ujong

Re: Keppel Site to have 6,000 HDB flats

Post by malcontent » Thu, 14 Apr 2022 8:33 pm

NYY1 wrote:
Thu, 14 Apr 2022 6:47 pm
Think about the order of magnitude you are listing and whether that makes any sense. Pretty sure it's 6,000 flats, not 6,000 blocks (of 100 flats each).
Thank you for pointing that out… I should’ve caught that. I was overcome with euphoria thinking about all of those zeros! 😂

But still, $3-4.2b is nothing to sneeze at.
Every great and deep difficulty bears in itself its own solution. It forces us to change our thinking in order to find it - Niels Bohr

NYY1
Reporter
Reporter
Posts: 672
Joined: Mon, 21 Mar 2022 10:41 pm
Answers: 1

Re: Keppel Site to have 6,000 HDB flats

Post by NYY1 » Thu, 14 Apr 2022 11:37 pm

malcontent wrote:
Thu, 14 Apr 2022 8:33 pm
NYY1 wrote:
Thu, 14 Apr 2022 6:47 pm
Think about the order of magnitude you are listing and whether that makes any sense. Pretty sure it's 6,000 flats, not 6,000 blocks (of 100 flats each).
Thank you for pointing that out… I should’ve caught that. I was overcome with euphoria thinking about all of those zeros! 😂

But still, $3-4.2b is nothing to sneeze at.
No problem :D . At first, I was like that's a nice pile of money but then started thinking relative to size of economy and resident population!

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Property Talk, Housing & Rental”

Who is online

Users browsing this forum: No registered users and 22 guests