30 Jun '17, 2am

Ramped up land supply may not be enough for developers, analysts

Analysts believe the ramped up supply of development sites under the Government Land Sales (GLS) programme for H2 2017 is insufficient to meet the developers’ demand for sites given the declining stock of unsold private homes. Announced yesterday, the H2 2017 GLS Programme comprise six sites on the confirmed list and 10 reserve list sites. Four of the confirmed list sites are for residential – including one executive condominium site – while two are mixed use sites. They could yield 2,840 private homes units as well as 26,800 sq m gross floor area (GFA) of commercial space. The reserve list, on the other hand, has nine private residential sites and one commercial. The sites can accommodate 5,285 units of private homes and 56,790 sq m GFA of commercial space, mainly for office use. Describing the allocation as “measured” and “conservative”, market analysts said the sites re...

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

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