16 Dec '16, 1pm

5 confirmed list sites to launch in 1H 2017, could yield 2,330 units | Property Market | PropertyGuru.com.sg

The government will look to ensure there is a steady supply of new homes to meet the needs of Singaporeans. The Ministry of National Development (MND) announced on Friday (16 December) that there will be five confirmed list sites and 10 on the reserve list in the first half 2017 Government Land Sales (GLS) Programme. These sites are expected to yield up to 7,465 private homes and create 158,080 sq m of commercial space. The supply of private units is similar to the 7,545 units from the second half 2016 GLS Programme. The five sites on the confirmed list could yield 2,330 private apartments, higher than the supply of 2,170 units from the second half of this year. They are located in Toh Tuck Road, Tampines Avenue 10 (Parcel C), Lorong 1 Realty Park, Serangoon North Avenue 1 and Woodleigh Lane. “The demand for new housing from prospective home buyers has remained healthy in ...

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

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