Aerial view of the Greater Southern Waterfront, where there are plans to launch public housing.
In addition, these owners will not be allowed to rent out the entire flat, even after the minimum occupancy period , and cannot invest in private property for 10 years. While the government will provide enhanced subsidies to homeowners for these flats, it will claw back the money if the flats are eventually sold given the high land costs in these locations.
For example, buyers are subject to a $14,000 household income ceiling, while at least one of them must be Singaporean. Singles aged 35 and above will not be allowed to purchase such flats.The measures are part of the new Prime Location Public Housing model in a bid to deter speculative demand.
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