Condos ‘ UNPRECEDENTED’ IN NEIGHBOURHOOD
There were many issues with introducing public housing in prime areas prior to the introduction of the Prime Location Public Housing Model in 2021 and the HDB cover house classification system in 2023, according to Mr. Ismail.
Issues included costs flats efficiently, the ability windfall effect and the need to curb theoretical behaviour, he added.  ,
With the current models in area, it has made it possible for the government to slowly start introducing more high-end housing projects.
Additionally, according to experts, the public housing developments planned for Turf City are likely to fall under the Prime Location type.  ,
The second owners must pay back a portion of the incentives when they sell the smooth because these condos have a 10-year least occupation time and a clawback clause.
The second owners can also simply offer the level to buyers who meet certain conditions, including an earnings canopy of S$ 14, 000 for couples or families and S$ 7, 000 for singles.  ,
Turf City’s fast village comprises mostly landed components, including Good Class Bungalows, essential executive officer of ERA Eugene Lim pointed out.
” It is extraordinary that we will be seeing HDB flats in the same neighbourhood”, he added.  ,
According to house experts, the proportion of Turf City’s new homes would be 40 % or less of those built in HDB flats.
According to Mr. Lim,” It is likely that secret housing will make up the majority of new homes being built that, adhering to the principle of highest and best use for the property.”  ,
Mr Alan Cheong, Savills ‘ senior director of research and consultancy, said:  ,” If there were too many people housing, whatever one may say about the need for inclusivity, that may in itself change the perception of secret homeowners in the area about how perfect the location is in potential”.
He thinks that HDB condos there would be priced above average and likely to be larger than common, leaving several options for homeowners or singles.  ,
According to Huttons Asia’s top director Lee Sze Teck, four-room apartments in Turf City may start from S$ 600, 000 when applied for in the coming years, taking reference from another Prime Location launches and how four-room apartments in the Toh Yi area of Bukit Timah transacted at an average of S$ 800, 000 in the first quarter of 2024.