Increased supply of private homes on confirmed sites a calibrated move as developers seek land
Analysts expect keen demand for the four residential sites on the confirmed list, which can potentially yield about 2,000 private homes, including ECs
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THE bump in the supply of private housing on the Confirmed List under the H2 2021 Government Land Sales (GLS) Programme is a calibrated move by the government - one that will nonetheless be welcomed by developers hungry to replenish their landbank amid diminishing inventory, analysts said.
Analysts expect keen demand for the four residential sites on the Confirmed List, which can potentially yield about 2,000 private homes (including executive condominium or EC units), citing heated bidding in recent tenders for GLS sites at Northumberland Road, Ang Mo Kio Avenue 1 and Tengah Garden Walk.
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