Higher prices for new homes near waterfront expected under Singapore’s plans to remake city centre: Analysts

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For example, more than 10, 000 new homes may be built at Marina South and Marina East. These areas may be responsible and car-lite districts, with walking networks and pedestrian-friendly streets. &nbsp,

New Housing and Development Board ( HDB) flats will be introduced at Tanjong Rhu, which is currently made up of private housing, to allow more Singaporeans to find affordable housing close to the city center. &nbsp,

New home and outdoor functions will be found near historic districts in the counties of Nicoll and Kampong Bugis.

They are either in the town center or the fringe of the city center, but I think the government intends to create diverse communities that, as opposed to just selling the land to personal developers to construct private condominiums or mixed-use developments, according to Mr. Mak, key research officer at property search website Mogul. roc. &nbsp,

The price or the price also depend on what kinds of limitations the government will place on the new advancements it.

HDB flats that will be built in these locations are likely to be in the Prime category, he added, referring to a classification of Build-To-Order ( BTO ) projects with the tightest sale conditions.

They” will likely come with a more minimal employment period and other limitations.”

Mr Mak believes prices for four-room BTO flats in the Nicoll and Kampong Bugis precincts, for instance, if launched within the next few years, could range from” S$ 800, 000 ( US$ 611, 000 ) to just shy of S$ 900, 000″. &nbsp,

” It’s quite possible not to mix that million-dollar benchmark”, he said, adding that there would be much impact on existing housing costs, as the strategies will be implemented gradually and over a long period.