Land Sale sites supply to hit decade-low

According to Straits Times last week, it was reported that the supply of new government land earmarked for residential use will hit a nine-year low in the H1 2016.

Under the Government Land Sales (GLS) programme, 7,420 private homes that can be built from the 16 sites to be released.  This is slightly lower than the 7,825 homes offered in this half of the year and the lowest since the first half of 2007.

Four sites are on the confirmed list for the first half of next year:

  • Jalan Kandis (Sembawang)
  • Martin Place, near River Valley Road;
  • an Anchorvale Lane executive condominium (EC) plot; and
  • a mixed-use parcel in Bukit Batok West Avenue.

They can yield about 1,560 homes, including 640 EC units, and 11,000 sq m of gross floor area of commercial space.

The reserve list comprises 12 sites: eight residential, including one for ECs, a mixed-use plot, two commercial parcels and a white site. They can yield 5,860 homes, including 820 EC units, and 261,600 sq m of commercial gross floor area, mostly for office use.

The mixed-use site in Holland Road and a residential plot in Margaret Drive, which are on the reserve list, may interest developers, given their attractive locations.

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