The following article is contributed by Mr Propwise. Property Market Insights is a leading web-based research and analysis membership site that covers all segments of the Singapore property market. To subscribe to Property Market Insights, simply log on to http://propertymarketinsights.com/
How Does the 1H13 GLS Programme Impact Property Supply?
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 ...