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Spotlight on 'lottery effect' of flats slated for Keppel Club site
Steps like a longer minimum occupation period could kick in to mitigate effect, say experts
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The land will accommodate about 9,000 apartments after the land lease for the 115-year-old country club expires on Dec 31, 2021.
PHOTO: URA
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The prospect of public and private apartments being built on the prime land now hosting the Keppel Club and its 18-hole golf course is prompting questions of how to mitigate the "lottery effect" of what are likely to be prized assets.
The land will accommodate about 9,000 apartments after the land lease for the 115-year-old country club expires on Dec 31, 2021. Prime Minister Lee Hsien Loong confirmed at the National Day Rally that the Keppel strip of the 30km Greater Southern Waterfront will be used for Housing Board flats.
