Keppel Site to have 6,000 HDB flats

[Lisafuller]

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!!!!)

Yup, saw that as well. Seems like prices are heading to 1M even before resale.

[Lisafuller]

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

Definitely because it’s in such a prime location, replacing the former Kepler Club site.

[Lisafuller]

It's horseshit how HDB is getting these great locations and turning them into HDB ghettos.

Pretty ridiculous, and when they’re selling it for just a little under the price of a condo. My greatest fear is the government taking over all housing in SG.

[Lisafuller]

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…


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Putting HDBs next to condos seriously pulls down the value of condos. It's a well known problem in the property market here.

Exactly, if you could pay less for government housing in the same area you would, which takes away the ability of condo homeowners to price their houses much higher.

[Lisafuller]

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.

Didn’t even think about that, the renovations must be such a pain in the ass for residents, especially since there are already so many condos in the area.

[Lisafuller]

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.

And with this penny pinching government, every cent counts.

[Lisafuller]

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.

Times like this I’m thankful I live in an area surrounded by freehold condos, feel pretty confident that the government won’t bother trying to re-acquire all the land.

[Lisafuller]

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.

Admittedly, the new HDBs do look pretty nice. It’s clear the government is trying to emulate the condo style design.

[Lisafuller]

...and we say Singapore is not socialist.

Better not let the gahmen see this…