More sites to be put on 1H2011 GLS programme: MND

November 25, 2010, 12.47 pm (Singapore time)

More sites to be put on 1H2011 GLS programme: MND

By ANGELA TAN


The Ministry of National Development (MND) announced on Thursday that it will place 17 sites, which can yield about 8,100 residential units in total, on the Confirmed List of the 1H2011 Government Land Sales (GLS) Programme in order to maintain a strong supply of private housing to meet demand.


This is comparable to the supply from the Confirmed List in the 2H2010 GLS Programme, which was the highest supply since the Confirmed List/Reserve List system was introduced in 2H2001.

The 17 Confirmed List sites comprise 16 residential sites (including 3 Executive Condominium (EC) sites) and 1 commercial & residential site.

In addition, the Reserve List in 1H2011 will have 13 sites, which can together yield about 6,200 residential units. The 13 Reserve List sites comprise 12 residential sites (including 1 EC site) and 1 commercial & residential site.

The 1H2011 GLS Programme will therefore have a total of 30 sites for residential development, including 4 EC sites and 2 commercial & residential sites, which can generate about 14,300 private residential units.


Sourcer: www.businesstimes.com.sg