Tighter rules for future prime HDB flats will weigh on windfalls from them
Expect government policies to continue to favour owner occupiers over investors
SINGAPORE'S public housing is the envy of many countries. Provision of good quality affordable public housing has helped the nation achieve a high level of home ownership, thereby giving Singaporeans a stake in the nation's prosperity.
Public housing estates are racially integrated. Typically, they are well maintained, well served by public transport and boast an array of amenities catering to all ages. Periodically, the estates benefit from upgrading programmes.
Still, public housing policies are not immune from refreshing. On Oct 27, 2021, the Ministry of National Development (MND) and the Housing Board (HDB) announced details of the prime location public housing (PLH) model to keep public housing in prime locations, such as the city centre and surrounding areas, including the Greater Southern Waterfront, affordable, accessible and inclusive for Singaporeans.
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