Give developers more time – up to 7 years – to complete and sell homes in large projects
En bloc redevelopment of large old housing developments optimises land use and produces high quality homes
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TO MEET private housing demand, the government sells residential sites. The confirmed list of the H2 2024 Government Land Sales (GLS) programme comprises nine private housing sites, including one executive condominium site, as well as one commercial and residential site, which can collectively yield about 5,050 homes and 14,300 square metres gross floor area (GFA) of commercial space.
Should supply be further boosted by reviving activity in the residential en bloc market? In particular, could developers be encouraged to take on large en bloc housing sites such as that of Pine Grove, whose latest collective sale attempt closed in May with no bids.
Located off Ulu Pandan Road, Pine Grove is a residential development with about 59 years of land lease outstanding, which sits on a 893,218 square feet site.
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