The Greater Southern Waterfront (GSW) is a new and exciting development in Singapore that offers a wide range of opportunities for both residents and investors. Spanning over 30 kilometers of prime waterfront land, the GSW is set to transform the southern part of the island into a vibrant and diverse destination for living, working, and leisure. The GSW is part of the government's plans to create a...
The Government is working out a new pricing model for future public housing in the Greater Southern Waterfront, in order to mitigate the so-called “lottery effect” of obtaining a subsidised flat in a prime area, said Minister for National Development Lawrence Wong on Thursday (Sep 19). His comments come after Prime Minister Lee Hsien Loong said in his National Day Rally speech last month that the...
Measures such as shorter leases and longer minimum occupancy periods (MOP) might help to mitigate the “lottery effect” of public housing at the Greater Southern Waterfront (GSW), experts said. This follows the announcement by Prime Minister Lee Hsien Loong on Sunday that there are plans to build 9,000 private and public housing units on the site of the current Keppel Club when its lease expires in...
Property experts and prospective homebuyers are already upbeat about plans unveiled by Prime Minister Lee Hsien Loong during Sunday's National Day Rally, involving housing development along Singapore’s southern coastline. However, experts agreed that public housing at the mega waterfront development project is set to be at the upper end of Housing and Development Board (HDB) pricing — similar to...
THE prospect of having public housing on the plum Keppel Club site after its lease expires in two years has excited property market watchers. They have, however, offered ideas on how to find an equitable solution to the "lottery effect", given that public-housing owners stand to make windfalls from selling these units after having been lucky enough to land them through a ballot. Prime Minister Lee...
DBS Group Research on Monday noted that the government's efforts to rejuvenate the Greater Southern Waterfront (GSW) area offers significant opportunities for developers, with Mapletree Commercial Trust (MCT) standing to gain as VivoCity, which is owned by the trust, is likely to remain the "bedrock of the GSW rejuvenation". Other potential beneficiaries include Frasers Commercial Trust, which owns...
New attractions are being planned for Pulau Brani, similar to Universal Studios Singapore on Sentosa, announced Prime Minister Lee Hsien Loong on Sunday (Aug 18). The island, currently home to Brani Terminal, will be set aside for “fun and recreation” as part of the Government’s plans to remake Singapore’s Greater Southern Waterfront (GSW), he said in his National Day Rally speech. Mr Lee...
Pulau Brani is now home to a port terminal, but the island is earmarked to house new attractions similar to the Universal Studios on Sentosa island, as well as a new resort called Downtown South for National Trades Union Congress (NTUC) members. The land on which Keppel Club in the south of Singapore sits will be redeveloped to build 9,000 public and private housing units with waterfront promenades,...
A comprehensive set of plans to reshape Sentosa Island is being developed, announced Senior Minister of State for Trade and Industry Chee Hong Tat on Wednesday (Oct 17) at the opening of travel trade show ITB Asia 2018. Mr Chee spoke about Sentosa Island's status as a major tourism attraction in Singapore, and highlighted its need to remain competitive by constantly rejuvenating itself. "We are...
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