Brokers' take

Singapore Property > Overweight UOB Kay Hian, Dec 7

THE H12019 Government Land Sales (GLS) programme has seen a private housing supply cut of 19.5 per cent. Similar to previous GLS Programmes, the bulk of the residential supply by units is concentrated in the mass (48 per cent) and mid-market segments (47 per cent). High-end makes up only 5 per cent of total H12019 GLS residential supply.

In making the decision, the government considered the significant supply pipeline which has grown to 45,000 units, along with the existing 28,000 vacant private units.