Consider subsidy clawback clause for future EC projects

I am apprehensive about the competitive bids for the executive condominium (EC) site in Tampines Street 95. With a top bid of $465 million, or $768 per square foot per plot ratio, the site set a new record for EC land.

- Foo Sing Kheng

These ECs are developed by private developers and sold at subsidised pricing. They are meant for Singaporeans who cannot afford private condominiums but are priced out of public housing due to the income ceiling. Eligible buyers are attracted to the lower entry price, comprehensive dedicated fac