{"id":110040,"date":"2019-08-20T11:25:57","date_gmt":"2019-08-20T04:25:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/premium-prices-for-hdb-flats-at-greater-southern-waterfront\/"},"modified":"2019-08-20T12:04:53","modified_gmt":"2019-08-20T05:04:53","slug":"premium-prices-for-hdb-flats-at-greater-southern-waterfront","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/premium-prices-for-hdb-flats-at-greater-southern-waterfront\/","title":{"rendered":"Premium Prices for HDB flats at Greater Southern Waterfront?"},"content":{"rendered":"


\nProperty experts believe that public housing units at the Greater Southern Waterfront (GSW) project would come with premium prices, given its attractive location.
\nPrime Minister Lee Hsien Loong has announced during his National Day Rally speech that 9,000 public and private housing units would be built at the Keppel Club site, which forms part of the 2,000ha GSW.
\nAnd while private property prices would depend on how much property developers bid for the sites, Chris Koh, director of property consultancy Chris International, told Today Online that a good price gauge for public housing units at GSW would be those at Pinnacle@Duxton.
\nThe 50-storey residential development broke records in 2015 when five units \u2013 which were not landed units, executive or maisonette \u2013 were sold for $1 million or more.
\nSuntec Real Estate Consultants director of research consultancy Colin Tan noted that homebuyers who managed to secure a unit at the GSW would be \u201cstriking a lottery\u201d.
\nThis comes as a four-room flat within the mega waterfront development is expected to be more expensive than those in non-mature estate like Sengkang by at least $200,000.
\n\u201cThis figure is what we can project now, it will definitely change in five or 10 years when there are more developments in the area,\u201d said Tan.
\nCushman and Wakefield Singapore research head Christine Li said the presence of a business cluster, where multinational companies such as Google, Cisco and Unilever are already situated, will also contribute to the price point.
\n\u201cThere will be minimal impact on the existing housing projects in the vicinity when construction starts, due to blocked views and construction noise and dust,\u201d she explained. \u201cHowever, over the long term, housing prices are expected to appreciate due to the injection of more commercial and entertainment activities in the area.\u201d
\nIn fact, nearby islands Pulau Brani and Sentosa are expected to house \u201cthe next generation of entertainment and recreational facilities\u201d for the region.
\nPlans to expand attractions at Sentosa are already underway, said Li.
\n\u201cPulau Brani, which is now home to a port terminal, is also expected to house a new resort called Downtown South. The resort is expected to be accessible to the mass market, bringing more local traffic to the south, which could help change the perception of Sentosa being too inaccessible and expensive to the local mass market,\u201d she added.
\nLooking to buy a Singapore home but not sure where to start? Get insight on the best locations for your new home with our\u00a0AreaInsider\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Premium Prices for HDB flats at Greater Southern Waterfront?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Property experts believe that public housing units at the Greater Southern Waterfront (GSW) project would...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-110040","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sCQ","jetpack-related-posts":[{"id":110100,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-new-policies-be-introduced-to-curb-the-lottery-effect-of-greater-southern-waterfront-flats\/","url_meta":{"origin":110040,"position":0},"title":"Should new policies be introduced to curb the \u2018lottery effect\u2019 of Greater Southern Waterfront flats?","date":"August 22, 2019","format":false,"excerpt":"\r Experts believe the \u201clottery effect\u201d of public housing at the Greater Southern Waterfront (GSW) could be mitigated by measures such as longer minimum occupancy periods (MOP) and shorter leases. Prime Minister Lee Hsien Loong announced in his National Day Rally speech plans to build 9,000 public and private homes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/greater-southern-waterfront-to-feature-9000-public-private-homes\/","url_meta":{"origin":110040,"position":1},"title":"Greater Southern Waterfront to feature 9,000 public, private homes","date":"August 19, 2019","format":false,"excerpt":"\r Prime Minister Lee Hsien Loong on Sunday (18 August) confirmed for the first time that the future Greater Southern Waterfront (GSW) will have Housing and Development flats. In his National Day Rally speech, Mr Lee revealed that about 9,000 public and private housing units will be built on the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125861,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/keppel-club-site-to-attract-keen-interest-among-developers-analysts-see-high-demand-for-public-flats-on-keppel-club-site-four-room-flats-to-cost-over-700000-and-more\/","url_meta":{"origin":110040,"position":2},"title":"Keppel Club site to attract keen interest among developers; Analysts see high demand for public flats on Keppel Club site, four-room flats to cost over $700,000 and more","date":"April 19, 2022","format":false,"excerpt":"\r Keppel Club site to attract keen interest among developers; Analysts see high demand for public flats on Keppel Club site, four-room flats to cost over $700,000 and more12th April to 18th April 2022 Analysts expect the Keppel Club site to attract keen interest among developers, given the rarity of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/04\/singapore-condo-news-feature.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120563,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singaporeans-call-for-additional-subsidies-to-make-flats-in-prime-areas-more-affordable\/","url_meta":{"origin":110040,"position":3},"title":"Singaporeans call for additional subsidies to make flats in prime areas more affordable","date":"July 5, 2021","format":false,"excerpt":"\r Singaporeans call for additional subsidies to make flats in prime areas more affordableAccording to public\u00a0feedback gathered by the HDB and MND, most Singaporeans want the Government to provide additional subsidies for flats in prime locations.\u00a0 Most Singaporeans want the Government to provide additional subsidies for public housing built within\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/Chinatown-Area-Skyline.original.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":96778,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/waterfront-views-not-a-determining-factor-for-most-buyers\/","url_meta":{"origin":110040,"position":4},"title":"Waterfront views not a determining factor for most buyers","date":"August 28, 2018","format":false,"excerpt":"\r While Housing and Development Board (HDB) flats with waterfront views in the new Punggol Point District are expected to fetch higher prices than those with no such views, property analysts believe that buyers will still focus on factors such as proximity to transport nodes and amenities, reported The New\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-bto-project-under-new-prime-housing-model-to-be-built-in-rochor\/","url_meta":{"origin":110040,"position":5},"title":"First BTO project under new prime housing model to be built in Rochor","date":"October 27, 2021","format":false,"excerpt":"\r The Rochor BTO project will have 960 units of\u00a0three-room and four-room flats, and 40 units of two-room rental flats. Source: HDB The first project under the new prime location public housing (PLH) model will be built at Rochor and launched at next month\u2019s Build-to-Order (BTO) exercise. Situated along Weld\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/rochor-bto-plh.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110040"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=110040"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110040\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}