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Government trims land for private homes, ECs on H1 2015 confirmed list

Thursday, December 4, 2014 - 09:12
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THE government will offer land for about 3,020 private residential units (including 490 executive condominium units) through the confirmed list for the first half 2015 Government Land Sales (GLS) Programme.

THE government will offer land for about 3,020 private residential units (including 490 executive condominium units) through the confirmed list for the first half 2015 Government Land Sales (GLS) Programme.

This is lower than the 3,915 private residential units (including 1,520 EC units) through the confirmed list of the current second half 2014 GLS programme.

The Ministry of National Development will not be offering any land for commercial space or any hotel sites in the H1 2015 confirmed list.

Sites on the confirmed list are launched for tender according to schedule, regardless of demand.

On the reserve list, where sites are launched only upon successful application by a developer, MND will offer land for 5,745 private homes (including 520 EC units) and 265,130 sq m gross floor area of commercial space in H1 2015. This compares with supply of 6,305 private homes and 193,280 sq m commercial space in the H2 2014 reserve list.

No hotel sites will be offered on the next half reserve list.

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