Interest in newer public housing projects like Pinnacle @ Duxton resurfaced recently when Prime Minister Lee Hsien Loong unveiled in his National Day Rally speech that 9,000 public and private residential flats will be built on the sea-fronting strip of land now occupied by the Keppel Club after its land lease expires at the end of 2021.

Judging by its waterfront location and proximity to the central business district, the future Keppel units could well become as popular as the Pinnacle's and the announcement quickly prompted questions on whether the Government should try to mitigate the "lottery effect" of these prized assets that are, after all, taxpayer-subsidised.