30 May '14, 7am

Govt may further trim confirmed list supply: experts - Property Auctions News, Property Investment | PropertyGuru

Majority of property consultants polled by the media expect the government to further reduce land supply for private housing development in the confirmed list in the upcoming H2 2014 Government Land Sales (GLS) Programme, given the sharp decline in home sales as well as the substantial supply pipeline. Most of them believe that the reserve list will continue to account for the bulk of private housing land supply in H2 2014. In the first half of the year, the Ministry of National Development (MND) is releasing land for almost 7,000 homes, including 605 executive condominium (EC) units, via the reserve list. With this, property consultants expect the same level of overall supply for the reserve list in the second half, although most expect the supply of ECs to be higher, at about 1,000 units. In the confirmed list, the MND is releasing for 4,630 homes, including 2,165 ECs, i...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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