Redhill site to be used for public housing, analysts divided on it being part of HDB prime location scheme

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SINGAPORE — A land spanning 3.7 ha just 400m from Redhill MRT Station will be redeveloped for public housing in the future.

When fully developed, the site will be able to yield about 1,500 flats, the Housing and Development Board and the Singapore Land Authority said in a joint statement on Wednesday . scheme, which imposes stricter buyer eligibility and resale restrictions, HDB said:"The details of future projects under the PLH model are being finalised. Projects to be offered under the PLH model will be announced before the Build-To-Order launch.

Mr Lee Sze Teck, senior director of research at real estate firm Huttons Asia, said that the Government's proposal for this site is very appealing, because it is not only situated near the city but is also well-connected to different parts of the island. The Greater Southern Waterfront refers to a 30km stretch of coastline at the south of Singapore, stretching from the Gardens by the Bay East area to Pasir Panjang, which will include public housing projects.such as the Greater Southern Waterfront and the city centre and towns surrounding it.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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