02 Jul '18, 1am

Land for 8,040 private homes and 930 hotels released under GLS Programme

The most recent list of land plots released under the Government Land Sales (GLS) Programme included not only residential sites but for the first time after a long hiatus, also hotel sites. Tree House . Picture: iProperty Variety of residential, commercial and hotel sites in latest GLS release The latest GLS offering from both their confirmed and reserve lists include land which could potentially yield up to 8,040 residential sites, 930 hotel rooms and 124,200 sq m of commercial gross floor area. This is not dissimilar to their H1 offering of 8,045 housing units. What is different this time round could, however, be the geographical focus, with most sites being in the central region. Under the confirmed list, the 3 more centralized sites were on Middle Road, Kampong Java Road near Newton Circus and Sims Drive. There was also a fourth executive condominium site. On the reser...

Full article: https://www.iproperty.com.sg/news/land-for-8040-private-h...

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