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Land for private housing in H2 GLS list up a tad from H1

Confirmed list supply rises 39%; Lawrence Wong says increase is to match actual committed supply in H1

Kalpana Rashiwala

Published Wed, Jun 8, 2016 · 09:50 PM

Singapore property

Singapore

LAND for private housing including executive condominiums (ECs) that will be offered by the government in the second half of the year is slightly more than in the first half. This is mainly due to a 39.1 per cent rise in the confirmed list supply to 2,170 homes (no ECs), from 1,560 (635 ECs) in H1.

Putting things in perspective, National Development Minister Lawrence Wong said in a blog post that the increase was to match the actual committed supply of 2,130 units in H1; the number includes the 570 units from a reserve-list site in New Upper Changi Road that was triggered in January this year and subsequently sold the following month.

Reserve-list sites are launched only upon successful application by a developer or when there is sufficient market interest in a site. Confirmed-list sites, on the other hand, are la…