Upcoming private homes, HDB flats at Keppel Club site will appeal to prospective home buyers: analysts
Add BT as a preferred sourceNisha Ramchandani &
Lisa Kriwangko
ANALYSTS expect the upcoming public and private housing units on the site currently occupied by Keppel Club to prove a hit with home-buyers, thanks to the prime location and the appeal of waterfront living.
According to real estate agency PropNex, the land parcels yielding some 3,000 private homes will be sold through the Government Land Sales Programme and could be done via a dual-envelope concept and price model.
They could be launched for tender over the next 2 to 3 years, reckoned chief executive Ismail Gafoor, adding that the announcement of the fresh supply is unlikely to result in a correction in today's market since it will not be available in the near term.
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