H1 2017 housing supply under GLS up slightly in balancing act
Observers say lack of commercial sites also offers reprieve to office-retail supply
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Singapore
THE government has marginally raised residential supply under the confirmed list of its Government Land Sales (GLS) programme in what is seen as a delicate balancing act of meeting improved buying demand, while managing the downside risks if the economy worsens.
The lack of commercial sites on the confirmed list - a list where sites are put up for tender according to schedule - is also providing the much-needed breathing space amid demand weakness for office and retail space, market watchers say.
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