Singapore’s Ministry of National Development on Friday announced its biggest half-yearly land sales programme for the first half of 2010 since the reserve list system was started in H2 2001.
This follows very strong demand for private homes seen in the past eight months. This will ensure there will be enough supply to meet demand, Urban Redevelopment Authority’s senior group director, land sales and administration group, Choy Chan Pong said.
MND will be releasing eight private residential sites under the confirmed list in H1 2010, inclusive of two for executive condos, a hybrid between public and private housing. The eight sites will generate a total of 2,925 homes.
In addition, for the H1 2010 reserve list – where sites are launched for tender only upon successful application by developers – there will be 16 residential sites including three exec condo sites – and two mixed use sites where private homes can potentially be built. Of the 18 sites, six are new and 12 will be carried over from the current half’s reserve list. In total these 18 sites can be built into 7,625 homes. Continue reading
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