60 year leases have been on the cards for the longest time. But they will have to do their calculations carefully whether it is 60 year or 75 year leases.
This hint by MND is important and useful.
Originally Posted by
star
This is telling u Jurong is undervalue. They r now going to cut short the lease.
SINGAPORE: The government is considering having different kinds of leases for new HDB flats in the Greater Southern Waterfront as well as the new central business district in Jurong, National Development Minister Lawrence Wong said on Thursday (Aug 11).
"Frankly if I have a HDB flat there, and it's highly subsidised, the person who gets the flat has a huge gain, and how do you ensure equity for the guy who gets the flat as opposed to the guy who doesn't get the flat, so we are thinking through what is the best way to have HDB living in the city centre," said Mr Wong, speaking at a forum organised by the National University of Singapore Students' Political Association.
"We don't have a good solution yet but we are thinking through different options. It may be a different kind of HDB lease, different lease period, different requirements," he added.
Mr Wong said that different kinds of leases would ensure Singaporeans feel a sense of belonging, regardless of their backgrounds.
PORTS TO BE CONSOLIDATED IN TUAS
Mr Wong also highlighted the plans to move sea ports, which are now located near the city and Pasir Panjang, to Tuas for greater efficiency. This will free up prime waterfront land, known as the Greater Southern Waterfront, for various uses.
He also spoke about plans to develop the Jurong Lake district. For example, the Kuala Lumpur-Singapore High Speed Rail terminal will be underground in the area.
GOVERNMENT TO CONTINUE TO IMPROVE PUBLIC HOUSING
The minister said that with 80 per cent of Singaporeans living in HDB flats, the Government will continue to improve the quality of public housing, while ensuring that it remains affordable.
The first batch of flats in Tengah new town will be launched from 2018. The town, to be sited next to the Jurong Innovation District, will also boast a green corridor linking residents to the Western and Central Catchment Area.
- CNA/av
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.