Further cut of private housing land expected

Singapore

PROPERTY consultants expect the government to continue scaling back the supply of private housing land on the confirmed list for the first half of next year, given weak housing sales and the ongoing ramp-up in completions that is pushing up vacancies. (see infographic)

Expectations are also running high that the Ministry of National Development (MND) will release at least one office site through the confirmed list in the upcoming Government Land Sales (GLS) Programme for H1 2015, to ensure there is sufficient supply of office space post-2018.

However, while some say such a site is likely to be in the suburbs in line with the strategic planning intent of developing regiona…