Woodlands, Holland Rd sites take spotlight in H1 GLS slate

Singapore

THE government's much-awaited decision to move the commercial and residential site near Holland Village MRT Station from the confirmed list to the reserve list, as well as its decision not to offer any office sites on the confirmed list in the first half of 2015, were the two major talking points in the market following the announcement on Thursday of the latest Government Land Sales (GLS) Programme.

Nevertheless, three sites for predominantly office development will be available for application by developers on the H1 2015 reserve list.

A drop in the total supply of land for private housing including EC (executive condominium) units on both confirmed and reserve lists for H1 2015 compared with …