10,200 new homes expected

The H2 2014 Government Land Sales (GLS) Programme will comprise nine Confirmed List sites and 14 sites on the Reserve List.

These sites can yield up to 10,200 private home units, including 1,500 Executive Condominium (EC) units.

The Confirmed List contains six private residential sites (including three EC sites), and two sites for mixed developments. The residential sites are located across all regions and can yield about 3,900 private residential units (including 1,500 EC units).

12 private residential sites and one White site are included in the Reserve List, which can yield about 6,300 private home units.

In a statement, the government said the supply from the H2 2014 GLS Programme, along with the supply from projects underway, is expected to meet the demand for private housing and commercial space over the next few years.

In H1 2014, about 4,600 private homes were released on the Confirmed List, while 7,000 homes were released via the Reserve List.

Image (by URA): A mixed development site at Holland Road will be placed on the Confirmed List as part of the Holland Village Extension plan unveiled in the Master Plan 2014.

 

Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg

 

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