Another 3,000+ private homes expected with 1H2015 GLS confirmed list!

By The Folks @PropTalk - December 4, 2014 No Comments

The Ministry of National Development (MND) announced on Thursday the first half 2015 (1H2015) Government Land Sales (GLS) Programme, which will comprise 6 confirmed list sites and 13 reserve list sites. These sites can yield up to 8,770 private residential units, including 1,010 executive condominium (EC) units and 265,000 sq metre gross floor area (GFA) of commercial space.

The confirmed list contains 6 private residential sites (including 1 EC site) which can yield about 3,020 private residential units, including 490 EC units. Sites on the confirmed list will be launched for tender as scheduled regardless of demand.

This confirmed supply of new private homes is lower than the 3,915 units (including 1,520 EC units) on the confirmed list of government land sales for the current second half of this year. 
MND said supply from the GLS Programme, together with supply from projects in the pipeline, will be adequate to meet the demand for private housing and commercial space over the next few years.

More on residential land sites:

1. They are located in Outside Central Region and Rest of Central Region.

2. The commercial & residential site at Holland Road, originally placed on the 2H2014 confirmed list, has been transferred from the confirmed list to the reserve list to give developers more time to study the site and tender evaluation criteria before triggering it for sale.

A concept and price revenue tender will be adopted for this site. This is to ensure that the site's future development enhances Holland Village's unique charm and distinctive urban village character.
Source: ST 

"MND said supply from the GLS Programme, together with supply from projects in the pipeline, will be adequate to meet the demand for private housing and commercial space over the next few years." - you think?!

Other than the Holland Village site, the wife and I reckon that three other sites in the Reserve List will be particularly watched by developers:







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