Land and removal of red tape is all that’s needed
“’Living rent’ pledge will scare off investors, industry warns” (27 April, page 13). If there were no planning restrictions and the government gave out free sites, provided funding on tap and made a commitment to modern high-rise developments, such as those in Hong Kong and Singapore, the rents it paid would deliver 10% yield for social housing.
That is a good investment for any pension fund. All they need is land and removal of red tape.
Patrick Murdock, via building.co.uk
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