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Originally Posted by Drifter1999
Why would the government own these properties? They are all private freehold properties. The government only zone the area as red right district which affected the property prices there. I believe they are the cheapest freehold property located so close to town. I heard in the past quite difficult to get mortgage loan as the address not easy to sell so banks would not take these properties so whoever is buying the property are normally those cash rich people no need to take loan type.
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You are absolutely right. Only cash rich taukay could afford these properties back then.
There was a plan to shift all hanky panky businesses to Turf Club, Kranji as one stop for all vices. Then clean up Geylang area as business hub. Donno what happened to the plans?