Singapore plans to build 80,000 new homes in the next decade

Singapore plans to build 80,000 new homes in the next decade

The government aims to have 80% of its households live within a 10-minute walk from a train station by 2030.

The Singapore government has been ramping up the release of land for private developments. (AFP pic)
SINGAPORE:
Singapore is planning to build at least 80,000 public and private homes over the next 10 to 15 years, as part of the government’s latest effort to meet rising demand for affordable housing.

The houses will be developed in new precincts across the city-state, with close proximity to public transport and workplaces, the Urban Redevelopment Authority said in a statement today.

“The government aims to have 80% of its households live within a 10-minute walk from a train station by 2030,” it said.

These initiatives are part of a broader plan by the government agency to guide the city’s urban development, as it seeks to make more efficient use of limited land by encouraging residents to live closer to the commercial centre

Locals have traditionally avoided properties in the central region due to their higher prices and lack of amenities like schools, and often flock to suburban projects instead.

The government has been ramping up the release of land for private developments.

It said earlier this month it would offer sites that could yield about 9,200 private residential units in the second half of the year, and maintain a steady supply of homes until price momentum in the market moderates.

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