20 Jun '14, 2am

Updated Post: More private residential sites in Central Region

After establishing more employment hubs near the suburbs in the past few years, the government is auctioning off more housing sites in the Central Region in a bid to reduce workers’ commuting time. Under the H2 2014 Government Land Sales (GLS) Programme’s Confirmed List, 33.2 percent of private housing supply is located within the Central Region, up from 28.9 percent in the first half of the year and 15.1 percent during the same period in 2013. The proportion is also significantly larger than the recent low of 8.6 percent in H1 2012. According to a URA representative in media reports, the sale and development of residential sites in the Central Region will provide more choices to home buyers, enabling them to live closer to their workplace. Notably, this region consists of the Core Central Region (CCR) and the Rest of Central Region (RCR). Image (by URA): Map of Central Re...

Full article: http://blog.propertyguru.com.sg/12275/more-private-reside...

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