SUBSCRIBERS

'Calibrated' GLS, falling condo inventory could revive en bloc market: analysts

Vivienne Tay

Published Thu, Dec 3, 2020 · 09:50 PM

Singapore

THE "conservative" and "calibrated" release of residential supply under the first-half 2021 government land sales (GLS) programme is likely to revive interest in the en bloc market, analysts said on Thursday.

Supply will rise by 17.2 per cent for H1 2021. There will be three private residential sites - one in Lentor Central and two in Slim Barracks Rise - and one executive condominium (EC) site in Tampines among confirmed list sites.

JLL senior director of research and consultancy Ong Teck Hui said more developers are expected to consider collective sale sites as the healthy momentum in the private residential market is expected to continue into next year.

This also comes as the number of unsold residential units under development declined in Q3 2020 to 26,600 units, signalling under…