The Government has decided to keep the total supply of units for 1H2018 at about the same level as the supply of units from the 2H2017 GLS Programme as they announced on 13 Dec 2017, the first half 2018 (1H2018) Government Land Sales (GLS) Programme, which comprises six Confirmed List sites and nine Reserve List sites. These sites can yield about 8,045 private residential units and 63,960 sqm gross floor area (GFA) of commercial space.
The six Confirmed List sites are private residential sites [including one Executive Condominium (EC) site] which can yield 2,775 private dwelling units (including 450 EC units) and 4,450 sqm GFA of commercial space.
The Reserve List comprises eight private residential sites (including two EC sites) and one commercial site. These sites can yield 5,270 private dwelling units (including 1,255 EC units) and 59,510 sqm GFA of commercial space, mostly for office use.
The six Confirmed List sites are private residential sites [including one Executive Condominium (EC) site] which can yield 2,775 private dwelling units (including 450 EC units) and 4,450 sqm GFA of commercial space.
The Reserve List comprises eight private residential sites (including two EC sites) and one commercial site. These sites can yield 5,270 private dwelling units (including 1,255 EC units) and 59,510 sqm GFA of commercial space, mostly for office use.
Collective sale sites with strong attributes and are well located will continue to appeal to developers
The conservative stance is partly due to the large volume of redevelopment land freed up by the rash of collective sales this year, therefore the Government is adhering to its cautious approach on the supply front.
This will be adequate to meet the purchase demand for new private housing from home buyers over the next one to two years. The land releases in the first half of 2018 provides varied options for developers in terms of location and will complement offerings on the collective sale market. Analysts believe collective sale sites that have strong attributes and are well located will continue to appeal to developers and future home buyers.
This will be adequate to meet the purchase demand for new private housing from home buyers over the next one to two years. The land releases in the first half of 2018 provides varied options for developers in terms of location and will complement offerings on the collective sale market. Analysts believe collective sale sites that have strong attributes and are well located will continue to appeal to developers and future home buyers.
The confirmed list of land parcels include a parcel in Dairy Farm Road that can generate about 500 units and 4,000 sq m of commercial space, and a plot in Jalan Jurong Kechil that can yield about 280 homes. The sole EC site on the confirmed list is in Canberra Link in the Sembawang area.
The reserve list will offer eight residential sites, including two for ECs, and one commercial plot. These can yield 5,270 private homes - 1,255 EC units among them - and 59,510 sq m GFA of commercial space. The commercial site at Woodlands Square is for a mixed-use development comprising mainly office space. This site will allow developers to initiate the development of more office space if they assess that there is demand.
The two other reserve EC sites are in Tampines Avenue 10 and Anchorvale Crescent.
The 6 confirmed list sites are launched according to schedule regardless of demand. However, the 9 reserve-list sites will only be launched only upon successful application by a developer or when there is sufficient market interest in a site.
The reserve list will offer eight residential sites, including two for ECs, and one commercial plot. These can yield 5,270 private homes - 1,255 EC units among them - and 59,510 sq m GFA of commercial space. The commercial site at Woodlands Square is for a mixed-use development comprising mainly office space. This site will allow developers to initiate the development of more office space if they assess that there is demand.
The two other reserve EC sites are in Tampines Avenue 10 and Anchorvale Crescent.
The 6 confirmed list sites are launched according to schedule regardless of demand. However, the 9 reserve-list sites will only be launched only upon successful application by a developer or when there is sufficient market interest in a site.
No change in land supply for private homes in first-half 2018 - Straits Times Online, 13 Dec 2017
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