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Latest government land sales programme offers two plum sites in mature estates

It continues to trim supply for home units, thus offering relief to developers

Published Wed, Jun 24, 2020 · 09:50 PM

Singapore

THE latest government land sales (GLS) programme should bring some relief to developers in these grim Covid-19 times as it continues to trim supply for home units while offering two plum sites in mature estates.

The confirmed list released on Wednesday comprises three private residential sites - including one executive condominium (EC) site - which can yield about 1,370 private residential units (including 615 EC units) and 1,500 square metres (sq m) gross floor area (GFA) of commercial space.

Healthy bidding is expected from developers for these three sites given the strong demand for affordable housing, say consultants.

All three sites on the confirmed list are new sites, with an EC site at Tengah Garden Walk. The two residential sites at Northumberland Road and Ang Mo Kio Avenue 1 - in mature housing e…