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

The land will accommodate about 9,000 apartments after the land lease for the 115-year-old country club expires on Dec 31, 2021.
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

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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Straits Times on August 23, 2019, with the headline 'Spotlight on 'lottery effect' of flats slated for Keppel Club site'. Subscribe