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Keppel Club site will attract hot competition from developers, say analysts
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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.
