Thursday, June 9, 2011

And speaking of GLS: More sites releasing in 2H 2011

The Ministry of National Development (MND) said it will inject about 43 sites into the government land sales programme (GLS) for the second half of this year.

Out of the 43 sites, 19 sites will be on the confirmed list, while 24 sites will be on the reserve list.

To address the strong demand from home buyers and developers, MND said 17 out of the 19 sites on the confirmed list will be for residential housing and this will yield 8,100 residential units.

Including the 13 residential sites on the reserve list, the GLS programme will yield a total of 14,195 residential units, inclusive of 2,300 executive condominium units.

This is slightly less than the first half of this year's potential yield of 14,310 units.

The programme will also yield about 268,000 square metres of commercial space and 3,700 hotel rooms.

Source: Channel News Asia



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