To meet the strong demand for housing, the Singapore government has lined up the release of 18 residential/commercial or residential sites under the programme for confirmed sale in the second half of 2010. This would be the largest ever release of state land for private homes.
Aside from the 18 sites, there will also be 13 additional sites for residential use on the Reserve List, which could yield up to 13,905 new homes.
The land sites are situated from areas in Jurong West to Pasir Ris, and include lands in the mass-market areas such as Tampines and Hougang.
“I hope that with this increased supply, home buyers will be assured that there is ample supply in the market and therefore… there is no need to rush,” said Mr. Mah Bow Tan, National Development Minister.
“So this will probably… dampen some of the exuberance in the market.”