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An area like the Greater Southern Waterfront – with sea views and proximity to the city center – would likely be considered a prime public housing locale by many people.
But different areas may also become prime over time, said Minister in the Prime Minister’s Office Indranee Rajah during a radio show yesterday.
This is why the Government’s approach is to first focus on locations that “everybody readily recognizes” as prime areas under the new prime location public housing (PLH) model that was announced last month.
Public rental flats will also be built at these sites, where feasible, for lower-income households.
The first Build-To-Order (BTO) project to come under the new model will be in Rochor and units will be up for sale this month.
Owners will be subject to a 10-year minimum occupation period (MOP) and have additional subsidies clawed back by the Government upon their flats’ resale, among other conditions.
When asked what constitutes a prime location during Money FM 89.3’s The Breakfast Huddle show, Ms. Indranee said: “It’s a bit like an elephant; you can describe it but it’s very hard to pinpoint every single detail until you see it.”
هذه القصة مأخوذة من طبعة November 12, 2021 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 12, 2021 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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