On The Ground

Lottery effect of prime location housing may be tamed, but not for existing prime flats

While the new public housing model may help tame the "lottery effect", it could also boost demand for existing flats such as those at The Pinnacle @ Duxton.PHOTO: ST FILE

SINGAPORE - A new public housing model to keep flats in prime locations affordable may well succeed in taming the "lottery effect" or excessive windfall gains when such flats are resold.

This is because conditions such as additional subsidy clawbacks and a longer minimum occupation period (MOP) may make them less attractive.

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