Few surprises expected for H1 state land sales

Singapore

PROPERTY consultants are generally not expecting any major surprises for the upcoming Government Land Sales (GLS) Programme for private housing and commercial land for the first half of 2016, and this applies to both the confirmed and reserve lists.

In the private housing segment, the authorities will have to weigh the current state of the market - including the ongoing ramp-up in private home completions and rising vacancies, as well as a more measured intake of overseas nationals - against the fact that developers continue to show a healthy appetite for land at state tenders as they need to replenish this vital raw material to keep their businesses going.