London Mayor Sadiq Khan has announced a £100 million investment in a new housing scheme, directly inspired by Singapore’s successful state-led development model. City Hall will partner with the Silvertown Partnership to facilitate the construction of 7,000 new homes in the Royal Docks area of east London.
Around 1,000 of these properties are expected to commence construction by 2028. This significant investment underpins a new City Hall Developer scheme, which emulates Singapore’s approach where the state plays a central role, building 80% of homes and owning most of the land. Mr Khan expressed his hope that this initiative would empower City Hall to become an active developer across more sites in the capital, thereby maximising the delivery of affordable housing.
