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Singapore releases 5 confirmed sites, 10 reserve sites for sale in 1H 2017
SINGAPORE'S Ministry of National Development unveiled on Friday five confirmed list sites and ten reserve list sites under the first half 2017 (1H2017) Government Land Sales (GLS) Programme.
These sites can yield up to 7,465 private residential units and 158,080 square metres (sqm) gross floor area (GFA) of commercial space.
The confirmed list comprises five private residential sites which can yield 2,330 private residential units. This is higher than the supply of 2,170 units from the 2H 2016 confirmed list.
The reserve list comprises seven private residential sites, including one executive condominium (EC) site, one commercial cum residential site and two commercial sites. These sites can yield 5,135 private residential units (including 775 EC units) and 158,080 sqm GFA of commercial space, mostly for office use.
The sites in the confirmed list are distributed across the rest of the central region and outside, as well as in various planning areas.
The supply of 2,330 units from the confirmed list is higher than the 2,170 units from the 2H 2016 confirmed list, but closer to the 2,445 units from the 2H 2016 GLS Programme which resulted from the trigger and sale of a reserve list site in December 2016, the ministry said.
The supply of 5,135 units from the reserve list is similar to the 5,375 units from the 2H 2016 reserve list.
"Overall, the total supply of 7,465 units from the 1H 2017 GLS Programme is comparable to the supply of 7,545 units from the 2H 2016 GLS Programme,'' the ministry said.
As for the 1H 2017 reserve list, it includes two sites at Beach Road and Woodlands Square for mixed-use developments comprising mainly office space. These sites will allow developers to initiate the development of more office space if they assess there is demand, the ministry said.
It added that as for Friday (Dec 16), a total of 9 sites comprising 6 residential sites (including 1 EC site), 1 commercial cum residential site and 2 commercial sites remain on the 2H 2016 reserve list. These will be carried over to the first half 2017 GLS Programme.