SINGAPORE, Dec 16 — The Government has increased the amount of land it plans to sell in the first half of next year.
The Government Land Sales (GLS) programme for the first half of 2017 will comprise five sites on the confirmed list, which will be launched for sale on set dates, and 10 sites on the reserve list, which will be put up for tender when a developer has offered an acceptable price.
The five residential sites on the confirmed list can yield 2,330 private homes, which is higher than the supply of 2,170 units from the confirmed list in the second half of this year, the National Development Ministry (MND) announced today.
In its statement, the MND said the demand for new housing has “remained healthy” in 2016.
“The continued supply of residential sites through the GLS programme will ensure that there is a steady pipeline of new private housing units to meet the needs of our resident population”.
On the reserve list are seven private residential sites, which includes one Executive Condominium (EC) site, one commercial and residential site, and two commercial sites.
These sites can yield 5,135 private homes, including 775 EC units, and 158,080 sqm gross floor area of commercial space mostly for office use. — TODAY
