SINGAPORE - The Government's decision to allocate a larger proportion of the Keppel Club site to public housing instead of private homes is in keeping with efforts to ensure that the prime seafront area does not become an enclave for the wealthy but is accessible to ordinary Singaporeans.
This especially as more economic value could have been derived had the Keppel Club site been solely allocated to private housing, given the higher values of private homes versus that of public housing.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you