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GLS for second half 2017 takes conservative tack, says market

Supply of private homes on reserve list is ramped up, but that through confirmed-list sites is reined in: observers

Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, Jun 29, 2017 · 09:50 PM
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Singapore

THE Government Land Sales (GLS) Programme for private housing sites for the second half of the year has been described by the market as conservative.

The Ministry of National Development (MND) will release land for an estimated 8,125 private residential units (including executive condo or EC units) on both the confirmed and reserve lists. This is 8.8 per cent higher than the 7,465-unit supply in the H1 2017 slate.

However, when the land supply for ECs is stripped out, the planned quantum of 2,025 private housi…

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