Four confirmed list sites and 12 reserve list sites will be released under the first half 2016 Government Land Sales (GLS) Programme, revealed the Ministry of National Development (MND).
The sites could yield up to 7,420 private residential units, including 1,460 executive condominium (EC) units, and 272,600 sqm gross floor area (GFA) of commercial space.
The confirmed list comprises three private residential sites (including one EC site), and one commercial and residential site, which could yield about 1,560 private units (including 640 EC units) and 11,000 sqm GFA of commercial space.
The reserve list comprises eight private residential sites (including one EC site), one commercial and residential site, two commercial sites and one White site. These sites could yield about 5,860 private residential units (including 820 EC units) and 261,600 sqm GFA of commercial space, mostly for office use.
The supply of private housing and commercial space 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, noted the MND.
The residential sites on the 1H 2016 confirmed list are located in the Outside Central Region and Core Central Region. These sites are expected to add about 1,560 private residential units (including 640 EC units) to the existing pipeline supply of about 73,000 private residential units (including ECs).
The 1H 2016 reserve list includes three sites at Beach Road, Woodlands Square and Central Boulevard for mixed-use developments which will comprise mainly office space. These three sites will allow developers to initiate the development of more office space if they assess that there is demand.
For more details on the proposed sites under the 1H 2016 GLS Programme, click here.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
