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How Does the 1H13 GLS Programme Impact Property Supply?
By Singapore Property Blog  •  December 18, 2012
How Does the 1H13 GLS Programme Impact Property Supply?

By Mr. Propwise

On 14 December 2012 the Ministry of National Development (MND) announced the Government Land Sales (GLS) Programme for the first half of 2013. A total of 23 residential, two commercial, four hotel, and three mixed-use sites were announced. These sites could potentially yield a total of about 14,000 private residential units (6,900 on the confirmed and 7,100 on the reserve lists respectively), including 3,100 Executive Condominium (EC) units, and 3.4 million square feet of commercial space. The amount of supply announced is similar to that announced in 2H12, and the four GLS Programmes before that.

Large upcoming supply of residential units…

The majority of the sites are located in the Rest of Central Region and Outside Central Region, which should lead to the development of relatively more mass market sites. The URA has collated a total of 93,800 private housing units (including about 9,800 EC units) ...

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By Singapore Property Blog
Propwise.sg is a Singapore property blog dedicated to helping you understand the real estate market and make better buying, selling, renting and investing decisions – minus all the hype and misinformation ...
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