London Mayor Sadiq Khan has unveiled a £100 million investment in a groundbreaking housing scheme inspired by Singapore's state-led development model. The initiative, announced during his trade mission to Singapore and Japan, will see City Hall partner with the Silvertown Partnership to construct 7,000 new homes in the Royal Docks area of east London.
Singapore-style Development
Approximately 1,000 of these properties are expected to break ground by 2028. The investment underpins a new City Hall Developer scheme that mirrors Singapore's approach, where the state builds 80% of homes and owns most of the land. Mr. Khan expressed hope that this would enable City Hall to become an active developer across more sites in the capital, maximizing affordable housing delivery.
Mayor's Vision
Sir Sadiq said: "I am delighted to be launching our groundbreaking 'Singapore-style' housing development arm for the capital today. I'm proud to be investing £100 million, one of the largest investments made by any mayor of London, to help build and deliver thousands of new, high-quality and affordable homes at Silvertown. This is a new era for housebuilding in London, with City Hall investing directly in new homes, unblocking stalled sites and speeding up development."
The mayor added: "It builds on our record investment of nearly £12 billion through my affordable homes programme to deliver social and affordable housing across London and our package of pro-housing emergency measures with government to turbo-boost the delivery of new homes in the capital."
The announcement was made during the mayor's five-day trade mission to Asia, where he is promoting London as a leading global destination for investment.
